South Korean Media: Humanoid Robot Market to Reach $200 Billion, China Leading the U.S. Across All Dimensions!
On July 6, South Korea's media outlet THE GURU published an article stating that humanoid robots have become one of the core industries driving the AI revolution. Notably, assessments indicate that China has already surpassed the United States in technological strength, production capacity, and product penetration.
Zornitza Todorova, Research Head at Barclays Bank (UK), predicts, "The current global humanoid robot market valued between $2 billion and $3 billion will grow to $200 billion by 2035."
She defines humanoid robots as "Automation 3.0" and positions them as a viable alternative to address labor shortages caused by population aging, urbanization, and shifting employment preferences.
Last year, China accounted for 85% of global humanoid robot installations. Its industrial robot installations also far exceeded those of the U.S. (34,000 units), with approximately 300,000 units installed annually.
Since 2016, China’s robot density has increased by about 600%, reaching 500 robots per 10,000 workers. Chinese companies also demonstrate competitive advantages in pricing, with production costs for humanoid robots around $50,000—half the price of Western competitors.
Jupiter, a UK asset management firm, stated: "Asia will become the center of the humanoid robot industry; consumers will be willing to invest in humanoid robots just as they upgrade their smartphones and computers."
Wedbush, a U.S. investment bank, remarked, "Humanoid robots are the 'golden goose' of physical AI. Currently, China leads this field, while the U.S. is catching up. Over the next decade, the humanoid robot market will expand into tens of trillions of dollars, transforming how consumers and businesses operate and delivering massive productivity gains."
Original source: toutiao.com/article/1869967337842752/
Disclaimer: The views expressed in this article are solely those of the author.