The mainland will remain the single largest and fastest-growing robotics market on the planet, accounting for over 30 % of global spending during that period, based on a written report released Tuesday by technology research firm automation parts.
“China continues to lead the development of worldwide robotics adoption, primarily driven by strong spending growth in process manufacturing and cross-industry applications,” said Zhang Jing Bing, IDC’s research director for worldwide robotics and Asia-Pacific manufacturing.
Robotics expenditure around the mainland is projected going to US$59.4 billion in 2020, over twice the estimated spending of US$24.6 billion a year ago. That could make up about half of your 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 rise 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 designed for so-called discrete manufacturing, the assembly-line creation of distinct models like cars and smartphones, and so-called process manufacturing, the manufacture of goods in bulk quantities like food, beverages and semiconductors.
“In China, we are also seeing an accelerated development 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 develop to greater than US$15.8 billion in 2020, in accordance with IDC.
The strong marketplace for robotics on the mainland has become reinforced with the central government’s announcement in 2015 from 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 in the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected hitting US$59.4 billion in 2020, greater than double 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, in line with the federation.
Rising interest in robotics has additionally fuelled investments in Chinese start-ups which deliver home-grown innovation inside the field.
Worldwide investments in robotics start-ups grew to your record 174 deals this past 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 its Series B funding round from CDH Investments, Qiming Venture Partners and Citic Securities.
Drone manufacturer Da-Jiang Innovations Technology and science, well regarded as DJI, raised a US$75 million Series B funding round in 2015 from US EZ-8M. 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.