Signal UBS projects 2 million workplace humanoids by 2035 and 300 million by 2050

Summary

Deloitte relays a UBS projection that there will be 2 million humanoid robots in workplaces by 2035. UBS expects that number to climb to 300 million by 2050. It sizes the total addressable market at between US$30 billion and US$50 billion by 2035, rising to between US$1.4 trillion and US$1.7 trillion by 2050. The chapter presents these figures while cautioning that mass adoption is probably several years away. Warehousing and logistics, driven by labour shortages, remain the proving ground, while the larger long-term prize is seen in consumer uses such as elder and disability care, cleaning, cooking and laundry. The executive summary calls humanoids the next frontier of physical AI.