Goldman Sachs Quadruples Humanoid Robot Market Forecast

Goldman Sachs has significantly revised its forecast for the humanoid robot market size. The investment bank now predicts that by 2030, approximately 890,000 units will be shipped, a four-fold increase from the initial estimate of 256,000 units. By 2035, this number is expected to reach 6.5 million units, with a corresponding market size of $138 billion.

The research report by Eric Sheridan, Managing Director and Internet and E-commerce Equity Analyst at Goldman Sachs, points out that e-commerce warehouses will be the first sector to adopt humanoid robots on a large scale, followed closely by the automotive industry. Amazon and Walmart are leading this transformation with their existing robot deployments. By 2030, automation deployment could save Amazon approximately $72 billion in service costs, and boost EBIT margins by about 240 basis points.

The widespread adoption of humanoid robots is driving a structural growth in the semiconductor supply chain. Sheridan estimates that each humanoid robot will entail semiconductor demand worth between $3,000 to over $6,000, specifically comprising high-performance computing modules, analog/mixed-signal chips, and edge storage. The vPLC market is expected to grow at an annual rate of 20% to 30%, posing challenges to established leaders such as Siemens, Rockwell Automation, and Schneider Electric.