Humanoid Robots Set to Revolutionize the Future: Market Value to Exceed $2 Billion by 2027
The world of robotics is on the brink of a groundbreaking transformation, with humanoid robots poised to become a major force in the global market. According to TrendForce’s latest findings, the global humanoid robot market is projected to surpass a staggering US$2 billion by 2027. This explosive growth is driven by advancements in generative AI and the mass production of humanoid robots, which is expected to begin as early as 2025. With a compound annual growth rate (CAGR) of 154% between 2024 and 2027, the future of robotics is closer than ever before.
Generative AI: The Game-Changer for Humanoid Robots
Generative AI is playing a pivotal role in shaping the capabilities of humanoid robots. This cutting-edge technology has already led to significant breakthroughs in cognitive abilities, enabling robots to better understand and process contextual elements such as people, places, and events. These advancements have also enhanced conversational interaction, allowing robots to engage in more complex, multi-dimensional dialogues with humans.
TrendForce emphasizes that the commercialization of humanoid robots depends heavily on three key areas:
- Perception: The ability to interpret and respond to environmental stimuli.
- Conversational Interaction: Engaging in meaningful and dynamic communication with humans.
- Motion Execution: Performing physical tasks with precision and adaptability.
These capabilities are underpinned by advancements in both software and hardware, with generative AI serving as the backbone for cognitive and conversational improvements.
Hardware Innovations: The Building Blocks of Humanoid Robots
The physical capabilities of humanoid robots rely on cutting-edge components that are both complex and costly. According to TrendForce, the most significant cost drivers include:
- Planetary Roller Screws: Accounting for 22% of component costs, these are critical for motion execution.
- Composite Materials: Including plastics and metals, these make up 9% of costs.
- 6D Force-Torque Sensors: Representing 8% of costs, these sensors enable precise movement and interaction.
- Hollow-Cup Motors: Comprising 6% of costs, these are essential for efficient motion.
Despite their importance, these components face significant technical barriers, which manufacturers are working tirelessly to overcome. The supply chains for humanoid robots are expected to overlap with those of smart devices, industrial robots, and drones, providing a competitive edge to suppliers already established in these sectors.
Key Players and Upcoming Products
Several major players in the U.S. and China are leading the charge in humanoid robot development. Companies like Agility Robotics, Apptronik, and Tesla are at the forefront, with their respective products—“Digit,” “Apollo,” and “Optimus”—slated for commercial availability between 2025 and 2027. These robots are designed to adapt to diverse environments and human-machine interactions, marking a significant step forward in the field.
Service Robots: A Growing Market Segment
While industrial robots currently dominate tasks such as picking and packing, service-oriented robots are rapidly gaining traction. Generative AI is enabling these robots to excel in multimodal interactions, making them more functional and adaptable than ever before. TrendForce highlights several key areas where service robots are expected to make a significant impact:
- Companion and Caregiving Robots: With aging populations and labor shortages in many countries, the demand for robots that provide companionship and caregiving is on the rise. These robots are expected to overcome their historically limited market appeal within the next one to two years.
- Military Applications: Robots are increasingly being used in warfare, with applications ranging from drones to combat, demining, and logistical support. This presents a significant growth opportunity for the robotics industry.
The Rise of Robots-as-a-Service (RaaS)
As the demand for robots continues to grow across various markets, the Robots-as-a-Service (RaaS) business model is gaining popularity. This model allows businesses and consumers to lease robots instead of purchasing them outright, reducing upfront costs and risks. RaaS is particularly appealing to governments, enterprises, and household consumers, as it lowers adoption barriers and accelerates the integration of robots into everyday life.
By offering a flexible and cost-effective solution, RaaS is expected to play a crucial role in driving the widespread adoption of robots across industries and households alike.
Looking Ahead: A Future Shaped by Robotics
The rapid advancements in humanoid robotics, fueled by generative AI and innovative hardware, are set to revolutionize industries and redefine human-robot interactions. With major manufacturers gearing up for mass production and a growing demand for service-oriented robots, the global humanoid robot market is on track to exceed US$2 billion by 2027. As we move closer to this exciting future, the possibilities for robotics are truly limitless.
For those interested in exploring the latest trends and opportunities in AI and robotics, TrendForce is hosting an insightful seminar on December 12 at Villa Fontaine Grand Tokyo Ariake. Topics will include foundry, HBM, and AI servers. Click here for more details and to register for the event.
Originally Written by: TrendForce
