Report: Humanoid Robot Market to Reach $5 Trillion by 2050

A recent report by UBS predicts that nearly 300 million humanoid robots will be available globally by 2050.

A previous report by Morgan Stanley estimated the number at one billion, and the market will then reach $5 trillion, double what the top 20 automakers generate today.

This comes as SoftBank Group Corp. plans to establish a $1 trillion industrial complex in Arizona for robotics and artificial intelligence, according to Bloomberg. Overall, the global AI market size is estimated at $279.22 billion in 2024 and is expected to reach $1,811.75 billion by 2030, at a compound annual growth rate (CAGR) of 35.9% from 2025 to 2030.

Continuous research and innovation led by tech giants are driving the adoption of advanced technologies in industrial sectors such as automotive, healthcare, retail, and finance.