The nascent humanoid robots market offers a large opportunity, but uptake will be low in the short and medium-term, according to a new report from Interact Analysis. Despite the hype about humanoid robots and significant investment activity, the market intelligence specialist predicts market growth will be relatively slow, reaching over 40,000 units by 2032 with a total market revenue of about $2 billion. In its new Humanoid Robots report, Interact Analysis assesses the potential and likely future development of the global humanoid robot market by scenario. It concludes there is a large addressable market, an estimated $2 trillion, but four key barriers hamper widespread adoption of technologies. While its projections for the sector remain conservative, the company has generated a series of three scenarios, optimistic, baseline, and pessimistic, that demonstrate the various trajectories the humanoid robots market could take through to 2032, with each showing steep growth from 2029 onwards. “The humanoid robot market is currently experiencing substantial hype, fueled by a large addressable market and significant investment activity,” Rueben Scriven, Interact Analysis research manager, said. “However, despite the potential, our outlook remains cautious due to several key barriers that hinder widespread adoption, including high prices and the gap in the dexterity needed to match human productivity levels, both of which are likely to persist into the next decade. However, we maintain that there’s a significant potential in the mid- to long-term.”

Full report : Despite the hype, Interact Analysis expects humanoid adoption to remain slow.