The number of use of humanoid robots could reach three billion in 2060. With the world population that year was projected at 10.07 billion (source: Worldometer), that is a robot for all of us. What could this shift mean for human employment, identity and goal?
What do the stars predict about robots?
The ownership of Humanoid robot could hit 3 billion units by 2060, says a new Bank of America (BOFA) report. Midjourney founder David Holz predicts an idea by Elon Musk by the 20s and 100 billion humanoids on earth by Elon Musk by the 20s and 100 billion humanoids. Co-founder of the Zon MicroSystems Vinod Khosla sees 1 billion bipping robots by 2040.
Read also | Elon Musk reveals Tesla Robotaxis and Humanoid Robots in Saudi -Arabia
Morgan Stanley predicts the sale of 900,000 units by 2030. Macquarie expects 6.3 million robots and a market of $ 139 billion by 2035. Citigroup projects a $ 7 trillion market by 2050, while Goldman Sachs sees a $ 38 billion market by 2035 as robot density.
Why are they all so bullish?
As human labor costs rise, humanoid robots become cheaper and worldwide investments, from $ 308 million in 2020 to $ 1.1 billion in 2024, according to Bain & Co. These robots can now walk, jump and become smarter with progress in artificial intelligence (AI) and generative AI. Bofa predicts that by 2060 they will take 20% of the industrial and 50% of service tracks and even surpassed cars. SNS Insider appreciates the market at $ 2.21 billion in 2023, it is expected that $ 76.97 billion in 2032, with Japan, China and the leading adoption in elderly care, defense, retail, production, production and logistics.
Read also | Musk's humanoid robots are here, but they will not help in the house
How many humanoid robots cost?
Bofa says that Humanoid Robot-Hardware costs $ 35,000 per unit against the end-2025 and falls to $ 13,000-17,000 by 2030-2035 due to scale and improved components. In the meantime, the Robots-A-A-Service (RAAS) model that offers access through cloud-based subscriptions makes robots more affordable for smaller companies that cannot tolerate high costs in advance.
How will this influence the workforce?
Bain & Co. Expect that robots will treat a wide range of physical tasks within five years at costs that are equal to or lower than human work. Educating a child costs $ 100,000-300,000 and lasts 20 years in the US (Rethinkx), while a humanoid robot can be used in a year for the price of a budget car. By 2035, a million robots were able to enter the workforce for just $ 10 billion. Macquarie predicts that robots can become just as essential for families such as cars, with widespread house use expected from the late 2030s to 2050s.
Read also | Reportedly, Meta starts in investments in humanoid robots and sets up a confrontation with Tesla by Elon Musk
A C-3PO in every house sounds pretty good …
Something like the Star Wars Droid could be yours for a price. As young people give priority to a balance between work and private life, companies can cause humanoid robots to fill gaps in the field of labor and skills. But AI-driven humanoids such as Tesla's Optimus, Boston Dynamics' Atlas, Xiaomi's Cyberone and India's Vyommitra raise questions about responsibility, legal status (Sophia by Hanson Robotics is a Saudi citizen), rights and the potential for Bias. Futurist Ray Kurzweil believes that by 2045 people can reach a million-fold intelligence with chips embedded in our brains.
