The Future of Humanoid Robots

Abstract

In recent years, the humanoid robotics market has evolved rapidly and is currently undergoing substantial transformation driven by several factors, including technological advancements. This emerging market has significant potential in both B2C and B2B applications. However, there are several remaining barriers slowing down further development within the market.

This bachelor’s thesis aims to study the future of humanoid robots by examining fields including market landscape, key actors, and application areas, as well as the ethical risks associated with this market. Based on these findings, a forecast was estimated regarding the future development of the humanoid robot market up to 2040.

The methodology for this bachelor’s thesis is based on qualitative research. A literature review and collection of primary data were used, as well as secondary sources. Interviews were employed to gather insights from industry experts and companies to complement findings.

By analysing the market landscape through the PESTLE framework, key drivers and barriers shaping the development of the industry could be identified. To analyse the competitive landscape, Porter’s Five Forces was employed to examine the market forces and the key actors’ strategic decisions. Furthermore, to analyse the ethical risks within the market, a combination of the three-party model, hedonistic utilitarian analysis and deontological analysis were applied.

The study finds that the humanoid robotics market is at an early stage of development, with the primary markets currently located in China and the United States, as well as Europe. The market landscape is affected by both drivers and barriers, where the key actors have adopted different market positions based on their specific competitive advantages. In the near term, applications within B2B manufacturing have the most promising opportunities and the forecast presents that the global annual shipments are expected to increase significantly, rising from about 16,000 units in 2025 to approximately 26 million units in 2040. The primary ethical risks associated with the market relate to privacy and surveillance, job displacement and economic inequality, psychological and social dependency, as well as safety, accountability and responsibility.