Humanoid robots could generate $154 billion in revenue over next 15 years

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Humanoid robots could generate $154 billion in revenue over next 15 years

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BY LOUKIA PAPADAPOULOS

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A new Goldman Sachs report reveals that humanoid robots could be a $154 billion-a-year business within the next 15 years.

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This is as much as the EV market, an impressive achievement to reach in so little time if you consider how long robots have been around.

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In the past, Tesla CEO Elon Musk has said that the robot industry may eventually be worth more than Tesla's automobile income.

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The investment giant was also inspired by Tesla’s new unveiling of its own robot to conduct the report.

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“The launch of Tesla’s humanoid robot prototype, the “Optimus”, has again sparked debate about the financial opportunities of such innovation," said Golden Sachs.

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But are we really at a stage where robots can be incorporated into our industries?

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Musk's Texas-based company is reportedly considering ambitious plans to use thousands of humanoid robots within its factories before eventually extending to millions globally.

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The tech billionaire already unveiled his 'Optimus' humanoid robot, along with an improved smart summon feature on September 30 2022.

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