Other companies, including Honda, Hyundai, and Tesla, are also advancing in their use of humanoid robots for repetitive and dangerous work in assembly lines. BMW Manufacturing plans to deploy Figure humanoid robots in their new facility in Spartanburg, South Carolina, to increase efficiency and support growing consumer demands. However, the rise of robotics and AI in the workforce has raised concerns about potential mass unemployment and the need for an ethical balance between man and machine.
Key takeaways:
- The Humanoid Robot Market size was valued at USD $1.48 billion in 2021, and projected to grow from USD 42.10 billion in 2022 to USD $34.96 billion by 2030, growing at a CAGR of 42.1% in the forecast period of 2023-2030.
- Apptronik, a leader in next-generation general purpose humanoid robots, has entered into an agreement with Mercedes-Benz to explore potential use cases for Apollo humanoid robots in logistics and manufacturing.
- Other companies advancing in their humanoid robots include car makers from Honda, Hyundai, Tesla, and BMW. BMW plans to deploy Figure humanoid robots in their new manufacturing facility in Spartanburg, South Carolina.
- There is a growing concern about massive unemployment due to the rise of robotics and AI, with Bernie Sanders proposing a new thirty-two hour work bill recognizing the impact of AI and robotics on many jobs, especially in the manufacturing sector.