China has become the world's largest industrial robot application market for five consecutive years

The "China Robot Industry Development Report (2017)" recently released in Beijing shows that: China's robot market has entered a period of rapid growth, and industrial robots have become the world's largest application market for five consecutive years.

Li Ye, director of the Research and Consulting Center of the China Electronics Association, said that China is the world’s largest market for industrial robots, accounting for about one-third of the global market share. With the intelligent transformation and upgrading of manufacturing, the industrial robot market will continue to flourish. It is estimated that the sales volume of industrial robots in China will exceed 110,000 units for the first time in 2017, and the market scale will reach US$4.22 billion. By 2020, the domestic market is expected to expand to 5.89 billion US dollars.

According to the report, with the accelerated aging of the population and the surge in demand for medical care and education, there is a huge market potential and space for development of service robots in China. It is estimated that the service robot market in China will reach US$1.32 billion in 2017, an increase of approximately 28% year-on-year, which is higher than the average annual growth rate of the global service robot market.

Experts suggest that China's robotic industry should accelerate the development of its own core technologies, accelerate breakthroughs in the core components of key technologies in the upstream of the industrial chain, and move toward high-end industries. It is necessary to further improve the government support system, leverage capital leverage, and regulate the market. Competition order.

The report also shows that the global robotics industry is ushering in a new round of growth. The global robot market in 2017 is expected to reach US$23.2 billion, and the average growth rate from 2012 to 2017 is almost 17%.

According to the report, the global service robot market in 2017 is expected to reach US$2.9 billion. Among them, the scale of robots for medical services, home services, and special services were 1.62 billion U.S. dollars, 780 million U.S. dollars, and 500 million U.S. dollars, respectively. The market for service robots is rapidly developing and is expected to reach 6.9 billion U.S. dollars by 2020.

The 2017 World Robot Conference was held in Beijing from the 23rd to the 27th. As one of the major achievements of the conference, the "China Robot Industry Development Report (2017)" was prepared by the secretariat of the Organizing Committee of the World Robotics Conference organized by experts from the China Electronics Association.

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