The mainland will remain the single largest and fastest-growing robotics market on earth, accounting in excess of 30 per cent of global spending during that period, according to a report released Tuesday by technology research firm automation supplier.
“China is constantly lead the increase 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, a lot more than twice the estimated spending folks$24.6 billion this past year. That could form about half of 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.
Our company is also seeing an accelerated rise in the adoption of commercial service robots, specifically automated material handling.
IDC estimated that more than 50 % of annual robotics shelling out for the mainland is for so-called discrete manufacturing, which is the assembly-line manufacturing of distinct items like cars and smartphones, so-called process manufacturing, the manufacture of goods in bulk quantities like food, beverages and semiconductors.
“In China, our company is 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 predicted to develop to more than US$15.8 billion in 2020, based on IDC.
The strong niche for robotics in the mainland continues to be reinforced from the central government’s announcement in 2015 of its “Made in China 2025” initiative, which promotes rapid-paced automation of major industries.
“The country aims to become 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, a lot more than double the estimated spending folks$24.6 billion this past year.
Mainland Chinese installations of proximity sensor reached about 90,000 units this past year, up from 68,556 in 2015, in line with the federation.
Rising curiosity about robotics has additionally fuelled investments in Chinese start-ups which deliver home-grown innovation from the field.
Worldwide investments in robotics start-ups grew into a 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 EZ-8M. 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, furthermore, it makes drones for industrial applications like the Matrice series, CB Insights said.