The mainland will remain the one largest and fastest-growing robotics market on the planet, accounting for longer than 30 percent of global spending in that period, according to a report released Tuesday by technology research firm automation parts.
“China continues to lead the increase of worldwide robotics adoption, primarily driven by strong spending growth 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 hitting US$59.4 billion in 2020, more than double the amount estimated spending people$24.6 billion a year ago. That could constitute about 50 % of your Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers are derived 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 rise in the adoption of commercial service robots, especially for automated material handling.
IDC estimated more than 50 percent of annual robotics spending on the mainland is perfect for so-called discrete manufacturing, which is the assembly-line manufacture of distinct products like cars and smartphones, therefore-called process manufacturing, which is the manufacturing of goods in bulk quantities like food, beverages and semiconductors.
“In China, we are also seeing an accelerated growth 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 expected to grow to more than US$15.8 billion in 2020, in accordance with IDC.
The strong marketplace 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 be a leader in automation globally,” Joe Gemma, president from the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected to hit US$59.4 billion in 2020, over twice the estimated spending of US$24.6 billion last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units this past year, up from 68,556 in 2015, in accordance with the federation.
Rising fascination with robotics also has fuelled investments in Chinese start-ups which deliver home-grown innovation from the field.
Worldwide investments in robotics start-ups grew to a record 174 deals just last year, up from 147 in 2015, based on 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 its Series B funding round from CDH Investments, Qiming Venture Partners and Citic Securities.
Drone manufacturer Da-Jiang Innovations Technology and science, well 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 about US$10 billion.
While Shenzhen-based DJI builds popular consumer drones just like the Mavic and Phantom, in addition, it makes drones for industrial applications just like the Matrice series, CB Insights said.