The mainland will remain the only largest and fastest-growing robotics market on earth, accounting for over 30 % 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 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 on the mainland is projected to hit US$59.4 billion in 2020, greater than double the estimated spending folks$24.6 billion just last year. That would make up about 50 % of your 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.
We have been also seeing an accelerated increase in the adoption of commercial service robots, particularly 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, the assembly-line manufacturing of distinct items like cars and smartphones, and thus-called process manufacturing, which is the production of goods in mass quantities like food, beverages and semiconductors.
“In China, we have been 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 predicted to grow to more than US$15.8 billion in 2020, in accordance with IDC.
The strong industry for robotics in the mainland continues to be reinforced through the central government’s announcement in 2015 of the “Made in China 2025” initiative, which promotes rapid-paced automation of major industries.
“The country aims to turn into a leader in automation globally,” Joe Gemma, president from the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected going to US$59.4 billion in 2020, a lot more than double the estimated spending people$24.6 billion just last year.
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 curiosity about robotics has 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 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 in its Series B funding round from CDH Investments, Qiming Venture Partners and Citic Securities.
Drone manufacturer Da-Jiang Innovations Science and Technology, 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 such as the Mavic and Phantom, furthermore, it makes drones for industrial applications much like the Matrice series, CB Insights said.