Humanoid Robotics Market to Surpass $2 Billion by 2027, Tesla Plans Affordable Models

Dec 9, 2024, 10:36 PM

The humanoid robotics market is projected to exceed $2 billion by 2027, growing at a compound annual growth rate (CAGR) of 154%, driven by companies like Tesla, Apptronik, and Agility Robotics as they move towards mass production. Tesla, despite being considered a laggard in the robotics field, is actively developing its own humanoid robot, with its CEO Elon Musk mentioning plans for more affordable models to start production in the first half of 2025. Meanwhile, a robotics conference in China showcased around 200 exhibitors with humanoid robots, many of which are already available on the market.