The mainland will stay the one 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 consistently lead the expansion of worldwide robotics adoption, primarily driven by strong spending development 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, a lot more than double the amount estimated spending people$24.6 billion just last year. That could make up about half in the Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers derive from 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 are also seeing an accelerated increase in the adoption of commercial service robots, specifically automated material handling.
IDC estimated more and more than 50 percent of annual robotics spending on the mainland is perfect for so-called discrete manufacturing, the assembly-line manufacture of distinct products like cars and smartphones, and thus-called process manufacturing, the creation of goods in big amounts quantities like food, beverages and semiconductors.
“In China, our company is also seeing an accelerated increase 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 grow to over US$15.8 billion in 2020, based on IDC.
The strong marketplace for robotics around the mainland has become reinforced by 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 become 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 twice the estimated spending of US$24.6 billion this past year.
Mainland Chinese installations of proximity sensor reached about 90,000 units just last year, up from 68,556 in 2015, based on the federation.
Rising curiosity about robotics has additionally fuelled investments in Chinese start-ups which deliver home-grown innovation in the field.
Worldwide investments in robotics start-ups grew to some 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 in 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 around US$10 billion.
While Shenzhen-based DJI builds popular consumer drones such as the Mavic and Phantom, additionally, it makes drones for industrial applications like the Matrice series, CB Insights said.