The mainland will continue to be the single largest and fastest-growing robotics market on the planet, accounting in excess of 30 % of global spending in that period, according to a report released Tuesday by technology research firm automation supplier.
“China will continue to lead the development 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 on the mainland is projected hitting US$59.4 billion in 2020, more than double the amount estimated spending of US$24.6 billion a year ago. That would make up 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 about 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 rise in the adoption of commercial service robots, specifically automated material handling.
IDC estimated more than 50 % of annual robotics spending on the mainland is perfect for so-called discrete manufacturing, which is the assembly-line manufacturing of distinct goods like cars and smartphones, therefore-called process manufacturing, the creation of goods in large quantities quantities like food, beverages and semiconductors.
“In China, our company is also seeing an accelerated development in the adoption of commercial service robots, specifically 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 develop to over US$15.8 billion in 2020, as outlined by IDC.
The strong marketplace for robotics in the mainland is reinforced by 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 become a leader in automation globally,” Joe Gemma, president of your International Federation of Robotics, said in February.
[Robotics expenditure on 68dexspky mainland is projected to hit US$59.4 billion in 2020, over double the amount estimated spending of US$24.6 billion just last year.
Mainland Chinese installations of proximity sensor reached about 90,000 units just last year, up from 68,556 in 2015, in line with the federation.
Rising curiosity about robotics has also fuelled investments in Chinese start-ups which deliver home-grown innovation in 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 FU-51TZ. 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, furthermore, it makes drones for industrial applications much like the Matrice series, CB Insights said.