The mainland will continue to be the single largest and fastest-growing robotics market in the world, accounting in excess of 30 % of global spending during that period, in accordance with a study released Tuesday by technology research firm automation supplier.
“China consistently 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 on the mainland is projected to hit US$59.4 billion in 2020, a lot more than double the estimated spending individuals$24.6 billion a year ago. That could comprise about half from the Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers are derived from 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 for automated material handling.
IDC estimated that more than 50 percent of annual robotics spending on the mainland is designed for so-called discrete manufacturing, which is the assembly-line manufacturing of distinct products like cars and smartphones, and thus-called process manufacturing, the manufacturing of goods in large quantities quantities like food, beverages and semiconductors.
“In China, we have been also seeing an accelerated rise in the adoption of commercial service robots, specifically 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, as outlined by IDC.
The strong industry for robotics around the mainland has become 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 turn into a leader in automation globally,” Joe Gemma, president of the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected hitting 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 also 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 just last year, up from 147 in 2015, in accordance with 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, widely known as DJI, raised a US$75 million Series B funding round in 2015 from US FU-66. 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, it also makes drones for industrial applications just like the Matrice series, CB Insights said.