Humanoid Robots (6)_Who supplies to Tesla, Unitree and Figure AI_

Summary of Humanoid Robots Industry Research Industry Overview - The humanoid robot market is projected to grow from USD 900 million in 2025 to USD 73 billion in 2034, reflecting a CAGR of 63% [3][15] - The average cost of humanoid robots is expected to decline from approximately USD 58,000 per unit to USD 20,000 by 2032, indicating an 11% annual decline from 2025 to 2034 [3][15] Key Innovations - Figure AI's "Helix" Vision-Language-Action (VLA) model significantly enhances training efficiency, requiring only 500 hours of supervised data to learn multiple tasks, compared to traditional methods that need 500 hours per task [2][11] - The Helix model integrates decision-making and robot action, allowing humanoids to learn new tasks faster and more efficiently [2][11] Market Dynamics - The humanoid robot supply chain is still evolving, with most companies currently delivering samples or small batch productions [4][8] - Major components of humanoid robots include: - Hardware components (55% of Bill of Materials) - Sensors (17% of BOM) - AI Chips/software (13% of BOM) [4][8] Supplier Landscape - Several Chinese companies are identified as suppliers for leading humanoid players like Figure AI, Unitree, and Tesla [4][16][17] - Key suppliers include: - Xusheng Group: Magnesium alloy shell - Everwin Precision: Joint, bearing, sensor - Zhaowei Machinery & Electronics: Coreless motor [16][17] Historical Cost Trends - Historical data shows that industrial robot costs decreased by approximately 7% annually from 2006 to 2017, while Tesla's production costs per vehicle declined by 10% annually from 2017 to 2024 [3][12] Competitive Landscape - Key humanoid robot players include: - Tesla: Optimus (prototype launched in September 2022) - Figure AI: Helix model - Boston Dynamics: Atlas - Agility Robotics: Digit [24][26] Future Projections - The humanoid robot market is expected to see various scenarios: - Bear case: Market size reaching USD 30.7 billion by 2034 - Base case: Market size reaching USD 73.1 billion by 2034 - Bull case: Market size reaching USD 380.7 billion by 2034 [15] Conclusion - The humanoid robot industry is on the brink of significant growth, driven by technological advancements in training methods and cost reductions. The evolving supply chain and competitive landscape will play crucial roles in shaping the future of this market.