The investment banking firm says America will be advanced in replacing human bodies with metal ones.
November 14, 2022
Sachs estimates that the humanoid robot market will have a market size value of about $6 billion. Along with filling 4 percent of the manufacturing labor force, the company notes that robots will be responsible for 2 percent of the demand for global elderly care by 2035.
November 14, 2022
CNBC reports the “blue sky scenario” held by Goldman Sachs that says “hurdles of product design, use case, technology, affordability and wide public acceptance (are) completely overcome” could reach $152 billion for the humanoid robot market by 2035. Putting $152 billion in perspective equals one-third of the global smartphone market of 2021.
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Typically, labor shortages were resolved with increased wages or a focus on education. Both may be remedied with a machine like Tesla’s “Optimus.” The humanoid robot prototype was officially unveiled this year. Like Goldman Sachs, Tesla’s CEO, Elon Musk, gives humanoid robot technology the green light.
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Reuters reported that Musk intends to make millions of robots and that they will have more value than his cars. Musk’s goal is to get the production cost under $20,000 for a humanoid robot and create a “quasi-infinite” economy. He plans to have the cheaper robot available to consumers in “three to five years.” Musk also stated a successor of the Optimus robot could be helpful in homes for cooking, lawn maintenance, and caring for geriatric patients.
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CNBC also reports the investment opportunities for motion components, measurement units, sensing modules, software, and hardware necessary to produce humanoid robots is not lost on Goldman Sachs.
In 2018, Pricewaterhouse reported 40 percent of U.S. jobs were at risk of being automated.
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Forbes reported in 2020 that 30 percent of tasks were automated using machines and that by 2025, the percentage would be 50-50.
The World Economic Forum estimated in 2020 that artificial intelligence would account for 85 million jobs and 97 million new jobs would be available by 2025.
The Blaze notes a new era has dawned with mobile robots sporting AI technology and anthropomorphic features.
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