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Bank of America (BofA) analysts predict a rapid surge in humanoid robot (HR) adoption, with global annual sales reaching 1 million units by 2030 and a staggering 3 billion in operation by 2060. Advances in AI, 3D perception, and falling hardware costs are driving this growth, shifting HRs from prototypes to mainstream applications.
The U.S. and China are leading innovation in humanoid robotics, with major contributions from Tesla (NASDAQ:TSLA), NVIDIA (NASDAQ:NVDA), and Meta (NASDAQ:META). Tesla’s Optimus Gen 2 robot currently costs $50K-$60K per unit, but BofA expects HR production costs to drop significantly, estimating a content cost of $35K by 2025 and $17K by 2030.
A similar trend in electric vehicle (EV) component price declines, particularly in China, has boosted EV adoption, and BofA anticipates a comparable effect in the HR market. Lower costs and broader applications will drive penetration, with projections that by 2060, 65% of HRs will be used in households, 32% in service industries, and 3% in industrial settings.
As humanoid robots become more affordable and capable, their integration into daily life is expected to accelerate. BofA analysts emphasize that the era of humanoid robots is imminent, reshaping industries and everyday life worldwide.
