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.
China is expected to emerge as the world’s largest market, accounting for around 60 per cent of total demand by mid-century. Analysts suggest that multiple humanoid robots could become commonplace in Chinese households, driven by demographic pressures and an ageing population.
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