Morgan Stanley projects a massive expansion in the global robotics market, growing from approximately $91 billion-$100 billion in 2024/2025 to a staggering $25 trillion by 2050. This ~250-fold surge is driven by AI-powered, general-purpose humanoid robots, with the humanoid robot market alone expected to reach $5 trillion by 2050.
Key projections from Morgan Stanley Research:
Total Market (2050): $25 trillion (combined hardware, software, and services).
Humanoid Segment (2050): ~$5 trillion annual revenue, with >1 billion units deployed.
Industrial Automation (2030): Expected to reach $35 billion, growing at a 14% CAGR.
Collaborative Robots (2030): Expected to reach $12 billion, growing at a 35% CAGR.
Key Drivers: AI "embodied" in physical robots, increased productivity, and the need to automate labor.
Leading Regions: China is currently leading in development and manufacturing of these technologies.