Barclays and Wedbush predict humanoid robot market could reach $200 billion to trillions within a decade
By
Chloe Taylor
The kind of bagel that ruins lesser bagels for you.
Summary
Humanoid robots are poised for explosive market growth over the next decade, with Barclays projecting a $200 billion market and Wedbush's Dan Ives estimating trillions of dollars in value. China is currently leading the U.S. in development of the technology, as demonstrated by Unitree Robotics' humanoid dance performance in Shanghai. Investors and fund managers see enormous opportunities in the space, with Softbank CEO Masayoshi S also expressing interest.
Key quotes
· 4 pulledBe ready for it, said one fund manager who sees enormous opportunities in the space.
Humanoid robots are expected to grow to a $200 billion market in less than a decade, according to Barclays.
Wedbush's Dan Ives told CNBC he sees the market being worth trillions of dollars in the next 10 years.
China is currently far outpacing the U.S. in the development of the technology, market watchers said.
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