General-purpose humanoid robots using AI are advancing and increasingly gaining investment support to perform tasks that humans do easily. The Humanoid Robot Market size was valued at USD $1.48 billion in 2021 and is projected to grow to USD $34.96 billion by 2030, with a CAGR of 42.1% in the forecast period of 2023-2030.
The growth in the humanoid robot market is largely attributed to the rising aging population, which is driving demand for robots in personal assistance, caregiving, education, and medical sectors. Recently, there has been a shift towards the use of humanoid robots in manufacturing and transportation and logistics sectors as well.
Apptronik, a leader in next-generation humanoid robots, has partnered with Mercedes-Benz to explore applications for advanced robotics in Mercedes-Benz Manufacturing. Mercedes-Benz is considering using humanoid robots for tasks such as delivering parts to the production line for assembly and inspecting components. This collaboration aims to optimize robotics deployment in manufacturing spaces designed for humans, reducing the need for extensive facility redesigns.
Other companies like Honda, Hyundai, Tesla, and BMW are also investing in humanoid robots for various applications in their manufacturing processes. Tesla has released Optimus Gen 2, while BMW Manufacturing plans to deploy Figure humanoid robots in their facility in the U.S. These robots are expected to enhance productivity, support consumer demands, and allow human workers to focus on more transformative tasks.
The increasing integration of robotics and AI in industries raises questions about potential job displacement and the ethical balance between man and machine. Bernie Sanders' proposed thirty-two-hour work bill acknowledges the impact of robotics and AI on jobs, particularly in manufacturing. With significant investments and market growth projections, the vision of a future where humans and robots coexist is becoming a reality.
