Just last week, Ant Group, the Alibaba-linked fintech giant, entered the humanoid robotics industry, joining a growing number of Chinese companies expanding in the hot space. Meanwhile, across the Pacific, Mark Zuckerberg's Meta recently unveiled plans to develop a humanoid robot, while Tesla has repeatedly showcased its bi-pedal, autonomous humanoid robot, designed to perform unsafe, repetitive, and boring tasks. What's clear is that global Big Tech's interest in humanoid robotics has surged. 

Goldman's Jacqueline Du, Yuichiro Isayama, and others provided clients with new insight into the emerging global humanoid robotics industry, forecasting that the "fast-growing" sector could potentially expand into a "blue-sky" scenario, where the total addressable market increases from $38 billion to $205 billion by 2035.

"With a significant number of listed supply chain companies, especially in Asia, having publicly disclosed plans to enter or further progress in humanoid robot-related businesses, we see a comprehensive ecosystem taking shape with a fast-growing global humanoid robot demand potentially unlocking US$38bn/US$205bn TAM in our base/blue-sky scenarios by 2035E," the analysts said, adding, "In addition, given the still early development stage and various possible technology options, we think the competitive landscape will continue to evolve."