INNOVATION AT YOUR FINGERTIPS
Updated: 03/2019
UBTECH
China / Shenzhen , China
Pitch
Worth over US$5 billion, UBTECH is China’s most valuable humanoid robot startup.
Why
Expensive humanoid robots
Well-designed humanoid robots are too expensive for families earning the median household income.
Lack of core technology
Without their own core technology, many Chinese robotics firms cannot create competitive products.
Market
$4.1 billion
In 2018, the global humanoid robot market was valued at US$624 million. It is expected to reach US$4.1 billion by 2023.
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