Humanoid Robots Could Be “Economically Viable” In a Few Years

Your new co-worker could be a robot. But have more no fear; these ones look more like humans. For the first time, humanoid robots are being introduced into warehouses. Apptronik revealing last month that their all-electric robot, Apollo, can operate for four hours before it needs to recharge.
COVID-19’s impact on supply chains and a massive labor shortage made robots and automation a bigger manufacturing focus in recent years. And new technological advancements, including improvements in machine learning and batteries, have made humanoid robots more viable.
Apollo joins a list of robotics companies, including Figure, Boston Dynamics and Tesla (Optimus) — which have unveiled human-like robots in recent years.
Elon Musk predicts humanoid robots will eventually outnumber humans. Goldman Sachs expects a $6B market expansion in 10-15 years, with humanoid robots becoming “economically viable in factory settings between 2025 to 2028.” Long-term,, they could fill 48-126% of labor gaps and 53% of elderly care needs, per Goldman.
Forward-looking: So far, no company has “been successfully commercialized yet,” and several things need to happen before then — lower cost of production, longer battery life and increased mobility, agility and computation power — which can take many years to reach.