It is estimated that the business involving humanoid robots could reach US$ 154 billion per year, starting from the next 15 years. This information is present in a new report by Goldman Sachs, which was published on November 3 by Electrek.
This amount is similar to what the firm value market collects, which makes this fact very interesting and impressive to achieve in such a short time. Elon Musk, CEO of Tesla, even claimed that the robotics market has the capacity to be worth more than Tesla's car revenue.
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The report was also based on Tesla's presentation of its new robot for production. Next, understand more about the case of humanoid robots and their financial future.
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Discussion about the new robotics on the market
"The launch of Tesla's prototype humanoid robot, 'Optimus', has again sparked debate about the financial opportunities of such an innovation. The investment case for humanoid robots is considerable – we estimate that in 10-15 years a market size of at least US$6 billion is achievable for fill 4$ of the US labor shortage gap by 2030 and 2% of the global demand for elderly care by 2035”, revealed Goldman Sachs in its report.
“If the product design, use case, technology, accessibility, and broad public acceptance hurdles are completely overcome, we anticipate a market of up to $152 billion by 2035 under a blue sky scenario (close to the global EV market and a third of the global smartphone market from 2021), which suggests that labor shortage issues such as manufacturing and elderly care can be largely resolved,” says the document.
Tesla is planning to use thousands of humanoid robots to manufacture its products before rolling them out to the rest of the world.
Musk also announced, on September 30 of this year, during a Tesla event, the creation of his humanoid robot “Optimus”, which contains an improved intelligent summon.
Debate on the replacement of human labor by robotic
The creation of “Optimus” was thought to replace human work with robotic work, and this subject has generated an intense debate in society today. Despite being an enabler in many areas, robots still have a very high production cost. Because of this, many companies and businesses see this possibility as something distant for the present day.
In a recent report by Markets and Markets, the robotics market, in 2022, was already being valued at $1.5 billion. And it is expected that by 2037, it will be valued at $17.3 billion. These estimates made by Markets and Markets are lower than those presented in the Goldman Sachs report.
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