World to host 3 billion humanoid robots by 2060, Bank of America estimates

Investing.com -- Bank of America analysts predict that humanoid robot (HR) development will accelerate rapidly, with global annual sales reaching 1 million units by 2030 and a staggering 3 billion humanoid robots in operation by 2060.

In a report this week, BofA highlighted the increasing role of AI advancements, 3D perception technology, and declining hardware costs in driving HR adoption.

"With such heavyweight support, we believe HRs are poised to move from proofs of concept to multi-industry adoption by the end of the decade," the analysts wrote.

They noted that the U.S. and China are leading the charge in humanoid robotics innovation.

BofA expects the cost of humanoid robots to decline significantly in the coming years.

"We estimate the content cost of a humanoid robot to be US$35K by the end of 2025 and expect it to decline to US$17K by 2030," wrote the bank.

The report also highlighted the role of Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), and Meta (NASDAQ: META) in HR development, with Tesla’s Optimus Gen 2 robot currently costing US$50-60K per unit.

BofA explained that similar cost declines in electric vehicle (EV) components, particularly in China, have boosted adoption, and a comparable trend could accelerate HR penetration globally.

Looking ahead, the bank anticipates that 65% of humanoid robots will be used in households, 32% in services, and 3% in industrial applications by 2060.

With lower costs and wider applications, “the era of humanoid robot is coming,” declared Bank of America.

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