"The global market for humanoid robots could be worth as much as $9 trillion by 2050, with China expected to dominate demand and basic household models potentially entering homes within the next five years, according to new research. A report by Royal Bank of Canada estimates that humanoid robots could become a core part of everyday life over the coming decades, transforming labour markets and household routines."
"The household sector alone is forecast to account for roughly $2.9 trillion of the total market, representing around a third of global demand. Early versions of humanoid robots are likely to be limited in capability, initially serving niche roles such as entertainment devices or personal fitness assistants. More advanced functionality, including complex household tasks and care duties, is expected to take significantly longer to mature, with widespread adoption of fully capable domestic robots unlikely for up to 20 years."
Estimates place the global market for humanoid robots at up to $9 trillion by 2050, with the household sector alone around $2.9 trillion, roughly one third of global demand. Early consumer models will be limited, likely serving niche roles such as entertainment or personal fitness, while advanced capabilities for complex chores and care duties will take much longer to develop, possibly up to 20 years before widespread adoption. China is expected to account for about 60% of demand by mid-century, driven by demographic pressures and an ageing population, potentially leading to multiple humanoids per household and rapid adoption once scale is reached.
Read at Business Matters
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