American investment bank Goldman Sachs reportedly claims that the market for humanoid robots similar to the Tesla Bot could reach $150 billion a year in the next 15 years, according to Electrek.
Numerous functions and jobs have already been replaced by robots. We are not discussing the general-purpose humanoid robots that science fiction advertises us, but rather robots designed and programmed specifically to perform certain activities.
Tesla Bot project
Tesla is currently driving yet another turning point on humanoid robots with its Tesla Bot project. The fact that Tesla appears dedicated to not only producing a new robot but also using its manufacturing prowess to support it gives this resurgence a unique feel. It turns Tesla Bot into a real, extensively accessible product.
Notably, Goldman Sachs has been monitoring this comeback of Tesla-led humanoid robots. According to the company’s latest report, the market for humanoid robots might be worth $154 billion by 2035, or nearly the same as the market for electric vehicles. It is remarkable that the CEO of Tesla, Elon Musk, has previously made the same forecast.
Goldman Sachs wrote in the report:
“The launch of Tesla’s humanoid robot prototype, the “Optimus,” has again sparked debate about the financial opportunities of such innovation. The investment case for humanoid robots is sizable – we estimate that in 10-15 years a market size of at least US$6bn is achievable to fill 4$ of the US manufacturing labor shortage gap by 2030E and 2% of global elderly care demand by 2035E.”
The company further outlined its “blue-sky scenario”:
“The launch of Tesla’s humanoid robot prototype, the “Optimus” has again sparked debate about the financial opportunities of such innovation. The investment case for humanoid robots is sizable – we estimate that in 10-15 years a market size of at least US$6bn is achievable to fill 4$ of the US manufacturing labor shortage gap by 2030E and 2% of global elderly care demand by 2035E.”
It is interesting to note that Goldman Sachs acknowledges Tesla as the driving force behind the renaissance of humanoid robots. Yet, the company advises purchasing motion component suppliers to profit from this new market.
