TECH SUPPLIER Mar 2019 - Market Forecast - Doc # US44623319

China Robotics Market Forecast, 2018−2022

By: Jing Bing ZhangResearch Director, IDC Worldwide Robotics, Vijay Sarathi GollapalliResearch Manager, Samuel Jeyachandran

Abstract

This IDC study provides a five-year forecast of the China robotics market for the 2017 to 2022 period. This forecast data consists of end-user spend in robots and the related hardware components, application software, and consulting and systems integration services, as defined in IDC's Worldwide Semiannual Robotics and Drones Spending Guide Taxonomy, 1H18 (IDC #US44430618, November 2018).

"The robotics market in China is expected to grow at a high CAGR of 26.9% through the forecast period. With experience and knowledge accumulated over the past few years, end users of robotics in China are becoming more sophisticated and demanding," said Dr. Jing Bing Zhang, research director, Worldwide Robotics and Asia/Pacific Manufacturing Insights, IDC Asia/Pacific. "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," added Zhang.


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