The mainland will remain the single largest and fastest-growing robotics market in the world, accounting for more than 30 % of global spending during that period, based on a study released Tuesday by technology research firm automation parts.
“China will continue to lead the growth of worldwide robotics adoption, primarily driven by strong spending development in process manufacturing and cross-industry applications,” said Zhang Jing Bing, IDC’s research director for worldwide robotics and Asia-Pacific manufacturing.
Robotics expenditure about the mainland is projected to hit US$59.4 billion in 2020, more than double the amount estimated spending folks$24.6 billion this past year. That might constitute about 50 % from the Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers are based on 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 growth in the adoption of commercial service robots, specifically automated material handling.
IDC estimated more and more than 50 percent of annual robotics spending on the mainland is designed for so-called discrete manufacturing, which is the assembly-line manufacture of distinct products like cars and smartphones, and so-called process manufacturing, the manufacturing of goods in large quantities quantities like food, beverages and semiconductors.
“In China, our company is also seeing an accelerated rise in the adoption of commercial service robots, specifically for 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 expected to grow to greater than US$15.8 billion in 2020, based on IDC.
The strong market for robotics around the mainland continues to be reinforced through the central government’s announcement in 2015 of their “Made in China 2025” initiative, which promotes rapid-paced automation of major industries.
“The country aims to become a leader in automation globally,” Joe Gemma, president in 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 twice the estimated spending folks$24.6 billion last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units last year, up from 68,556 in 2015, based on the federation.
Rising fascination with robotics has also fuelled investments in Chinese start-ups which deliver home-grown innovation inside the field.
Worldwide investments in robotics start-ups grew to a record 174 deals last 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 within its 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 EZ-8M. That helped raise DJI’s valuation to around US$10 billion.
While Shenzhen-based DJI builds popular consumer drones just like the Mavic and Phantom, furthermore, it makes drones for industrial applications much like the Matrice series, CB Insights said.