The mainland will remain the single largest and fastest-growing robotics market on the planet, accounting for over 30 per cent of global spending during that period, based on a report released Tuesday by technology research firm automation supplier.
“China continues to lead the increase 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 hitting US$59.4 billion in 2020, greater than double the amount estimated spending of US$24.6 billion just last year. That would form about 50 % of the Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers are based on robotics spending across 13 industries in 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 increase in the adoption of commercial service robots, especially for automated material handling.
IDC estimated more and more than 50 % of annual robotics spending on the mainland is for so-called discrete manufacturing, which is the assembly-line manufacture of distinct products like cars and smartphones, therefore-called process manufacturing, which is the creation of goods in mass quantities like food, beverages and semiconductors.
“In China, we are also seeing an accelerated increase 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, in accordance with IDC.
The strong industry for robotics around the mainland has become reinforced from 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 in the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected hitting US$59.4 billion in 2020, over double 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, according to the federation.
Rising desire for 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, as outlined by 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 Science and Technology, well-known as DJI, raised a US$75 million Series B funding round in 2015 from US FU-51TZ. That helped raise DJI’s valuation to about US$10 billion.
While Shenzhen-based DJI builds popular consumer drones much like the Mavic and Phantom, furthermore, it makes drones for industrial applications like the Matrice series, CB Insights said.