The mainland will stay the one largest and fastest-growing robotics market worldwide, accounting for over 30 percent of global spending in that period, based on a study released Tuesday by technology research firm automation supplier.
“China consistently 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 around the mainland is projected going to US$59.4 billion in 2020, greater than double the estimated spending people$24.6 billion this past year. That might comprise 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 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, 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, the assembly-line manufacture of distinct models like cars and smartphones, so-called process manufacturing, which is the creation of goods in big amounts quantities like food, beverages and semiconductors.
“In China, we are also seeing an accelerated rise 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 expected to increase to greater than US$15.8 billion in 2020, according to IDC.
The strong marketplace for robotics about the mainland has become reinforced with the central government’s announcement in 2015 of 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, a lot more than twice the estimated spending people$24.6 billion just last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units a year ago, up from 68,556 in 2015, in accordance with the federation.
Rising interest in robotics also has 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 this past 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 within its 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 EZ-8M. 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, additionally, it makes drones for industrial applications such as the Matrice series, CB Insights said.