The mainland will stay the single largest and fastest-growing robotics market on the planet, accounting in excess of 30 percent of global spending in that period, based on a study released Tuesday by technology research firm automation parts.
“China will continue to 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, more than twice the estimated spending of US$24.6 billion this past year. That will comprise 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 about 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 growth in the adoption of commercial service robots, specifically for automated material handling.
IDC estimated more and more than 50 per cent of annual robotics shelling out for the mainland is made for so-called discrete manufacturing, the assembly-line manufacturing of distinct models like cars and smartphones, and thus-called process manufacturing, the creation 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, specifically 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 develop to greater than US$15.8 billion in 2020, based on IDC.
The strong marketplace for robotics on the mainland has become reinforced with 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 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, greater than double the estimated spending people$24.6 billion last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units a year ago, up from 68,556 in 2015, based on the federation.
Rising curiosity about robotics has also fuelled investments in Chinese start-ups which deliver home-grown innovation within the field.
Worldwide investments in robotics start-ups grew to your 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 Science and Technology, well-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 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 just like the Matrice series, CB Insights said.