Robotics Is on a Path Toward a $25 Trillion Economy
Morgan Stanley projects that robotics will expand from a $91 billion global market today to an astonishing $25 trillion by 2050. That kind of trajectory would place robotics among the largest sectors on Earth, rivaling entire national economies.
Elon Musk says “Humanoid robots will be the biggest product in human history… bigger than cars, phones, or anything ever made.”
Elon Musk’s latest declaration is not subtle. It is a line in the sand that claims a future where humanoid robots eclipse every technological revolution that came before them. Not the smartphone. Not the automobile. Not the personal computer. Musk is suggesting that a new dominant industry is about to emerge and it will reshape the global economy, daily life, and the very definition of work.