How is China's humanoid robotics market expected to grow by 2029
Introduction
China’s humanoid robotics market is poised for significant growth by 2029:
Market Size Projections
The Chinese humanoid robot market is expected to reach 75 billion yuan (approximately $10.36 billion) by 2029.
This growth represents a substantial 32.7% share of the global humanoid robot market.
Growth Rate
The market is projected to grow from 27.6 billion yuan ($3.81 billion) in 2024 to 75 billion yuan in 2029.
This indicates a rapid expansion over a five-year period.
Key Drivers
Advancements in AI and large-scale models are propelling humanoid robots toward greater intelligence.
Government support and strategic plans, such as the “Robot + Application Action Plan,” are accelerating development and adoption.
Major applications are expected in industrial manufacturing, commercial services, and household companionship.
Government Initiatives
By 2025, China aims to establish an innovative humanoid robotics system to facilitate mass production.
The country is striving to achieve comprehensive capabilities in humanoid robotics by 2027 that match those of the world’s most advanced nations.
Conclusion
This projected growth demonstrates China’s commitment to becoming a global leader in humanoid robotics technology, driven by technological advancements, strategic investments, and supportive government policies.
