Citi Analysts Predict $7 Trillion Market for 4 Billion Humanoid Robots by 2050

Dec 5, 2024, 10:51 AM

Citi analysts project that the market for humanoid robots could reach $7 trillion within the next 25 years, with an estimated 4 billion AI robots worldwide by 2050. This growth is spurred by advancements in robotics technology, with companies like 1X introducing NEO, an AI-powered humanoid designed for household chores and remote telepresence. NEO's capabilities are being tested in its Beta phase, showing promising results. Elon Musk has predicted that by 2040, there could be at least 10 billion humanoids for sale globally, highlighting the significant potential of this market.