Tightness in labor markets is boosting the use case of robotics, Morgan Stanley says, predicting a boom in humanoids — or robots in human form.
"Advancements in AI are transforming the robotics industry," Morgan Stanley analysts said in a June 26 report called: "Humanoids: Investment Implications of Embodied AI."
The bank forecasts a humanoid population of 40,000 by 2030, 8 million by 2040 and 63 million by 2050.
Morgan Stanley is not alone in its bullish stance on humanoids.
Still, Morgan Stanley outlined a number of sectors set to potentially benefit from humanoids, with social care likely to be the largest total addressable market.
Persons:
Morgan Stanley, it's, Elon Musk, Morgan Stanley's, —, Michael Bloom, Lora Kolodny
Organizations:
Labor, Morgan
Locations:
China, United States, Asia, Europe