Five Industries Lead the Growth of China Robotics Market
April 16, 2019 | IDCEstimated reading time: 1 minute
The latest update of the IDC China Robotics Market Forecast, 2018−2022 reveals that the robotics market in China is expected to grow at a high compound annual growth rate (CAGR) of 26.9% from 2017 to 2022 to reach US$80.5 billion, or 38.3% of the world's total spend in robotics, by 2022. IDC data shows five industries leading the growth of the China robotics market namely, Discrete Manufacturing, Process Manufacturing, Consumer, Retail, and Healthcare Provider.
"With experience and knowledge accumulated over the past few years, end users of robotics in China are becoming more sophisticated and demanding," says Dr. Jing Bing Zhang, Research Director for Worldwide Robotics and Asia/Pacific Manufacturing Insights at IDC. "This presents both opportunities and challenges to robot vendors as well as solution providers. Taking a customer-centric approach, investing to understand end users' true needs and pain points, and delivering maximum business values will prove to be key to success in the China market," adds Zhang.
This IDC study provides a five-year forecast of the China robotics market for the 2017 to 2022 period. The forecast data consists of end-user total spend in robots (including drones) and the related hardware components, application software, and consulting and systems integration services.
In addition to the detailed forecast data for 64 use cases across 20 industries in China, this report provides an analysis of the key drivers and inhibitors influencing and shaping the robotics market in China over the next few years, as well as advice to robotics ecosystem technology suppliers.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company that activates and engages the most influential technology buyers.
Suggested Items
Real Time with… IPC APEX EXPO 2024: Tools, Training, and Trends in Manufacturing Engineering
04/25/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and Product Specialist Erik Bateham of Polar Instruments discuss Polar's latest technology, including their role in aiding manufacturing engineers. They highlight the advanced capabilities of Polar's tools and the critical role of signal integrity analysis, as well as the importance of accurate modeling in board manufacturing. Polar's unique training approach and demonstration contact details are also explored.
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.