THG News · Market Analysis
Citi Forecasts $7T Humanoid Market by 2050 — Doubling Prior Estimate
Citi Research's Global Perspectives & Solutions (GPS) team released its updated humanoid market forecast on June 11, raising its 2050 installed-base estimate from 350M to 648M units and the addressable market from $3T to $7T.
Key Forecasts
- 2030: 1.3M humanoids deployed globally; $26B annual market
- 2035: 13M humanoids; $185B market
- 2040: 75M humanoids; $1.1T market
- 2050: 648M humanoids; $7T market
What Changed
Citi attributes the upgrade to three factors: (1) faster-than-expected cost-down curves driven by Chinese supply chains, (2) the emergence of capable open-source foundation models, and (3) accelerating policy support across the US, China, EU, and Japan.
The report notes that the consumer (home) segment, previously expected to lag, may now lead by unit volume after 2035, driven by aging populations in OECD economies.