The mainland will continue to be the single largest and fastest-growing robotics market worldwide, accounting in excess of 30 percent of global spending in that period, based on a written report released Tuesday by technology research firm automation supplier.
“China will continue to 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 in the mainland is projected going to US$59.4 billion in 2020, greater than double the amount estimated spending people$24.6 billion just last year. That would constitute about 50 % of the Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.
Those numbers derive from robotics spending across 13 industries around 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 for automated material handling.
IDC estimated that more than 50 % of annual robotics spending on the mainland is designed for so-called discrete manufacturing, the assembly-line production of distinct products like cars and smartphones, therefore-called process manufacturing, which is the manufacture of goods in large quantities quantities like food, beverages and semiconductors.
“In China, we are also seeing an accelerated growth in the adoption of commercial service robots, specifically 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 more than US$15.8 billion in 2020, as outlined by IDC.
The strong industry for robotics about the mainland has been reinforced from 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 a leader in automation globally,” Joe Gemma, president of the International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected going to US$59.4 billion in 2020, greater than twice the estimated spending individuals$24.6 billion last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units this past year, up from 68,556 in 2015, based on the federation.
Rising desire for 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, 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 the 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-66. That helped raise DJI’s valuation to around US$10 billion.
While Shenzhen-based DJI builds popular consumer drones like the Mavic and Phantom, in addition, it makes drones for industrial applications much like the Matrice series, CB Insights said.