The mainland will always be the only largest and fastest-growing robotics market on earth, accounting for more than 30 % of global spending in that period, in accordance with a written report released Tuesday by technology research firm automation supplier.
“China consistently lead the growth of worldwide robotics adoption, primarily driven by strong spending increase 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 going to US$59.4 billion in 2020, over double the amount estimated spending of US$24.6 billion a year ago. That might form about half 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 are also seeing an accelerated development in the adoption of commercial service robots, specifically automated material handling.
IDC estimated more than 50 % of annual robotics spending on the mainland is for so-called discrete manufacturing, which is the assembly-line manufacture of distinct goods like cars and smartphones, therefore-called process manufacturing, the creation of goods in big amounts quantities like food, beverages and semiconductors.
“In China, we have been also seeing an accelerated growth in the adoption of commercial service robots, particularly 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 cultivate to greater than US$15.8 billion in 2020, based on IDC.
The strong marketplace for robotics in the mainland continues to be reinforced by the central government’s announcement in 2015 of their “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 your International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected hitting US$59.4 billion in 2020, more than double the estimated spending folks$24.6 billion last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units just last year, up from 68,556 in 2015, in accordance with the federation.
Rising interest in robotics has also fuelled investments in Chinese start-ups which deliver home-grown innovation inside the field.
Worldwide investments in robotics start-ups grew into 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 their Series B funding round from CDH Investments, Qiming Venture Partners and Citic Securities.
Drone manufacturer Da-Jiang Innovations Science and Technology, 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 like the Mavic and Phantom, additionally, it makes drones for industrial applications just like the Matrice series, CB Insights said.