The mainland will always be the single largest and fastest-growing robotics market in the world, accounting for more than 30 percent of global spending in that period, as outlined by a study released Tuesday by technology research firm automation parts.
“China consistently lead the expansion of worldwide robotics adoption, primarily driven by strong spending rise in process manufacturing and cross-industry applications,” said Zhang Jing Bing, IDC’s research director for worldwide robotics and Asia-Pacific manufacturing.
Robotics expenditure in the mainland is projected to hit US$59.4 billion in 2020, a lot more than twice the estimated spending folks$24.6 billion this past year. That would constitute about 50 % of your Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers derive from robotics spending across 13 industries on the mainland. The categories included are commercial and consumer purchases of drones, robotics systems, and related hardware, software and services.
Our company is also seeing an accelerated increase in the adoption of commercial service robots, specifically for automated material handling.
IDC estimated more than 50 percent of annual robotics shelling out for the mainland is designed for so-called discrete manufacturing, which is the assembly-line production of distinct models like cars and smartphones, therefore-called process manufacturing, which is the creation of goods in large quantities quantities like food, beverages and semiconductors.
“In China, we are also seeing an accelerated development in the adoption of commercial service robots, specifically automated material handling in factories, warehouses and logistics facilities,” Zhang said.
Services-related robotics spending – encompassing application management, education and training, hardware deployment, systems integration and consulting across various domestic industries – is anticipated to develop to greater than US$15.8 billion in 2020, as outlined by IDC.
The strong industry for robotics on the mainland is reinforced with the central government’s announcement in 2015 of its “Made in China 2025” initiative, which promotes the fast-paced automation of major industries.
“The country aims to be a leader in automation globally,” Joe Gemma, president of the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected going to US$59.4 billion in 2020, more than double the amount estimated spending people$24.6 billion a year ago.
Mainland Chinese installations of proximity sensor reached about 90,000 units just last year, up from 68,556 in 2015, in line with the federation.
Rising interest in robotics also has fuelled investments in Chinese start-ups which deliver home-grown innovation within the field.
Worldwide investments in robotics start-ups grew to some record 174 deals this past year, up from 147 in 2015, as outlined by venture capital database service CB Insights.
In September, home service robot start-up Roobo from Beijing raised US$100 million in funding led by Shenzhen-listed software company iFlytek.
Humanoid robot maker Ubtech, headquartered in Shenzhen, obtained US$100 million in their Series B funding round from CDH Investments, Qiming Venture Partners and Citic Securities.
Drone manufacturer Da-Jiang Innovations Technology and science, widely known as DJI, raised a US$75 million Series B funding round in 2015 from US FU-51TZ. That helped raise DJI’s valuation to around US$10 billion.
While Shenzhen-based DJI builds popular consumer drones such as the Mavic and Phantom, it also makes drones for industrial applications just like the Matrice series, CB Insights said.