The mainland will continue to be the only largest and fastest-growing robotics market on earth, accounting for longer than 30 % of global spending in that period, based on a report released Tuesday by technology research firm automation supplier.
“China consistently lead the development 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 about the mainland is projected to hit US$59.4 billion in 2020, a lot more than double the estimated spending people$24.6 billion a year ago. That could form 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 in 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, particularly for automated material handling.
IDC estimated that more than 50 percent of annual robotics spending on the mainland is made for so-called discrete manufacturing, which is the assembly-line production of distinct items like cars and smartphones, so-called process manufacturing, the production 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, especially 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 predicted to grow to over US$15.8 billion in 2020, based on IDC.
The strong industry for robotics about the mainland is reinforced by the central government’s announcement in 2015 of the “Made in China 2025” initiative, which promotes the fast-paced automation of major industries.
“The country aims to become leader in automation globally,” Joe Gemma, president in the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected to hit US$59.4 billion in 2020, more than twice the estimated spending individuals$24.6 billion a year ago.
Mainland Chinese installations of proximity sensor reached about 90,000 units a year ago, up from 68,556 in 2015, according to the federation.
Rising curiosity about robotics has additionally fuelled investments in Chinese start-ups which deliver home-grown innovation within the field.
Worldwide investments in robotics start-ups grew into a record 174 deals just last year, up from 147 in 2015, according to 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, well regarded 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, in addition, it makes drones for industrial applications like the Matrice series, CB Insights said.