The mainland will always be the only largest and fastest-growing robotics market worldwide, accounting in excess of 30 percent of global spending in that period, according to a report released Tuesday by technology research firm automation parts.
“China consistently lead the increase 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 hitting US$59.4 billion in 2020, more than double the amount estimated spending individuals$24.6 billion last year. That would 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 about the mainland. The categories included are commercial and consumer purchases of drones, robotics systems, and related hardware, software and services.
We have been also seeing an accelerated growth in the adoption of commercial service robots, specifically automated material handling.
IDC estimated more and more than 50 per cent of annual robotics spending on the mainland is perfect for so-called discrete manufacturing, the assembly-line manufacturing of distinct models like cars and smartphones, so-called process manufacturing, the production of goods in big amounts quantities like food, beverages and semiconductors.
“In China, our company is 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 increase to over US$15.8 billion in 2020, according to IDC.
The strong market for robotics about the mainland is reinforced by the central government’s announcement in 2015 from 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 of the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected to hit US$59.4 billion in 2020, greater than twice the estimated spending people$24.6 billion this past 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 desire for robotics has additionally 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, 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 within 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 EZ-8M. That helped raise DJI’s valuation to around US$10 billion.
While Shenzhen-based DJI builds popular consumer drones much like the Mavic and Phantom, furthermore, it makes drones for industrial applications such as the Matrice series, CB Insights said.