Core Insights - Robotics is expected to become a significant opportunity for Qualcomm within the next two years, as stated by CEO Cristiano Amon [1][3] - Qualcomm has launched a robotics processor under the Dragonwing brand, aiming to create a versatile chipset for various robotics platforms, similar to its approach with smartphones [2][3] - The robotics market is projected to grow substantially, with McKinsey estimating a market size of $370 billion by 2040 and RBC Capital Markets forecasting a total addressable market for humanoid robots of $9 trillion by 2050 [4] Industry Trends - Advances in AI models are enhancing the functionality of robots, making them more useful and contributing to the bullish outlook on the robotics sector [5][6] - Robotics is a prominent theme at industry events like the Mobile World Congress, showcasing various types of robots, including humanoid models [6] - The potential market size for robotics is being discussed as a trillion-dollar opportunity, driven by the integration of physical AI technologies [6]
Qualcomm CEO sees robotics as a 'larger opportunity' within 2 years