Samsung Electronics is increasing its investments in the robotics sector, becoming the largest shareholder in Rainbow Robotics. This move aims to drive growth amidst challenges in its core businesses. The competition with key players like Hyundai, Tesla, and NVIDIA points toward a rapidly developing humanoid robotics market, projected to exceed USD 2 billion by 2027, with a substantial CAGR of 154%.
Samsung Electronics is intensifying its focus on the robotics industry due to declining performance in its core sectors, such as semiconductors and mobile devices. The company is proactively seeking new avenues for growth by advancing its robotics ambitions. Recently, Samsung became the largest shareholder in Rainbow Robotics after investing KRW 86.8 billion, raising its stake to 35.0%. Rainbow Robotics, established in 2011, is recognized for developing South Korea’s first bipedal robot, Hubo.
To synergize their strengths, Samsung aims to combine its artificial intelligence (AI) and software expertise with Rainbow Robotics’ capabilities to create advanced humanoid robots. The company has initiated the Future Robotics Initiative Team within its DX Division to facilitate this objective, planning to integrate various robotics technologies into its operations, particularly in manufacturing and logistics automation.
As Samsung enters the humanoid robot sector, it sparks competition with Hyundai Motor Company, which has been active in robotics since 2018 and acquired Boston Dynamics in 2021. Furthermore, Hyundai is collaborating with Toyota to fast-track the development of AI-equipped humanoid robots for general applications. This impending competition is expected to reshape the humanoid robotics landscape significantly.
Notably, Tesla is also an active player with its project named “Optimus,” aiming for low-scale production by 2025 for internal use, followed by broader releases by 2026. Moreover, NVIDIA has entered the humanoid robotics market, poised to launch its compact computers, Jetson Thor, in 2025, offering a full suite of AI training software and necessary chips to enhance robot capabilities.
The broader humanoid robotics market is projected to exceed USD 2 billion by 2027, fueled by advancements in generative AI and increasing mass production by key manufacturers. TrendForce predicts a remarkable compound annual growth rate (CAGR) of 154% from 2024 to 2027, signifying robust investments and innovations within the industry, particularly in service-oriented applications.
The article discusses the intensified focus of Samsung Electronics on the robotics sector as it seeks to counterbalance challenges in its primary markets. With increasing investments in Rainbow Robotics and competition from prominent players like Hyundai, Tesla, and NVIDIA, the article outlines a rapidly evolving humanoid robot market. The global value of this sector, anticipated to exceed USD 2 billion by 2027, signals substantial potential and growth driven by technology advancements and partnerships.
In summary, Samsung Electronics is escalating its robotics initiatives as it adapts to shifting market dynamics, becoming the largest shareholder in Rainbow Robotics to harness AI and software capabilities. The competitive landscape includes other major firms like Hyundai, Tesla, and NVIDIA, all contributing to the projected growth of the humanoid robotics market. By 2027, the market is expected to surpass USD 2 billion, showcasing significant advancements and investments in this innovative field.
Original Source: www.trendforce.com
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