Humanoid Robotics Market Set To Hit $38B by 2035

Data from Goldman Sachs Research reveals a potential $38 billion valuation of the humanoid robot market by 2035, a significant leap from their $6 billion forecast.

Europe leads this technological revolution, with Norwegian and Swiss companies pushing boundaries in humanoid and quadrupedal robotics development.

Norwegian company 1X launches NEO Beta, a robot designed for home environments. The move signals Europe's growing influence in human-centered robotics design.

BMW puts these robots to work on their production lines, while Agility Robotics deploys them in warehouses. These real-world applications show how humanoid robots are moving beyond experimental phases.

For instance, AI-powered robots might soon hit warehouses as Agility Robotics partners with Manhattan Associates. Likewise, general-purpose robots might soon be a part of day-to-day production processes with a team-up between Toyota Research Institute and Boston Dynamics.

"Recent advances in AI and machine learning hold tremendous potential for advancing physical intelligence," says Gill Pratt, Toyota's chief scientist and CEO of Toyota Research Institute.

2024 marked a turning point for the robotics industry, thanks to the introduction of advanced AI. This allowed robots to handle tasks much faster and more efficiently as they can learn and refine new skills faster.

U.K.-based Humanoid develops both wheeled and bipedal platforms. Their prototype enters alpha stage as they plan pilot programs with leading British firms.

Industry experts predict 2025 will bring specialized robots for manufacturing, logistics, and retail. They also expect more partnerships between AI firms and robotics startups.

The robotics landscape transforms as these machines become more affordable and capable. Europe strengthens its position through diverse talent and cutting-edge research.