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In 2024 the value of new industrial robot installations reached $16.5 billion, with over 4.28 million robots operating in factories worldwide. Asia accounted for 70% of new robot installations in 2023, with China alone representing 51% of 2023 installations. In 2025 robotics is being transformed by AI, with analytical AI, Physical AI simulators like NVIDIA’s Omniverse and Isaac, and Generative AI driving a “ChatGPT moment” for physical robots. Humanoid robots like Tesla’s Optimus target about $20,000 per unit, with forecasts calling for about 40,000 units by 2032 and a $38–66 billion market by 2035. In 2024 Intuitive Surgical’s da Vinci