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FU-66 – Find Out About Automation Parts at This Helpful Web Site.

The mainland will stay the one largest and fastest-growing robotics market on earth, accounting for over 30 per cent of global spending in that period, in accordance with a study released Tuesday by technology research firm automation parts.

“China will continue to lead the growth 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 in the mainland is projected hitting US$59.4 billion in 2020, a lot more than double the estimated spending people$24.6 billion a year ago. That will constitute about 50 % of your Asia-Pacific’s US$133 billion in forecast robotic spending in 2020.

Those numbers are based on 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.

Our company is also seeing an accelerated development in the adoption of commercial service robots, specifically for automated material handling.

IDC estimated that more than 50 percent of annual robotics spending on the mainland is made for so-called discrete manufacturing, the assembly-line manufacturing of distinct items like cars and smartphones, and so-called process manufacturing, which is the manufacture of goods in bulk quantities like food, beverages and semiconductors.

“In China, our company is also seeing an accelerated increase 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 anticipated to develop to more than US$15.8 billion in 2020, based on IDC.

The strong industry for robotics on the mainland is reinforced from 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 from the International Federation of Robotics, said in February.

[Robotics expenditure on 68dexspky mainland is projected hitting US$59.4 billion in 2020, a lot more than twice the estimated spending folks$24.6 billion last year.

Mainland Chinese installations of proximity sensor reached about 90,000 units a year ago, up from 68,556 in 2015, based on the federation.

Rising desire for robotics has also fuelled investments in Chinese start-ups which deliver home-grown innovation in the field.

Worldwide investments in robotics start-ups grew to a record 174 deals a year ago, 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 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 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.

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