China is estimated to spend US$77 billion on robots (including drones) by 2022 with a compound annual growth rate (CAGR) of 26.3%, according to the latest IDC Worldwide Semiannual Commercial Robotics Spending Guide.
By then, China will be the world’s biggest robot market, accounting for over 38% of the global spending, followed by rest of Asia/Pacific (excluding China and Japan), the United States, and Japan.
As customers have a higher demand for product quality, delivery, and personalized customization, collaborative robots (cobot) are gaining popularity.
It is adopted widely in industry, especially for short cycle, multi-specification, and small-batch productions. Besides the prerequisite requirement for safety, cobot is developing to be a more comprehensive one featured with safety, security, smartness, simplicity, and standardization.
From the dimension of robotic technologies, China’s spending on robots including industrial, commercial, and consumer robots and other robotic systems. With the great demand for industrial robots, the spending on robots from discrete manufacturing (including autos, electronics, metal processing) is expected to account for 44% of the overall Chinese market.