China spending on robotics to hit .4 bln in 2020: IDC

Updated 2017-04-07 09:30:46 Xinhua
“Robot

Robot NK01 performs in a festival in Beijing, April 2, 2017. Standing 2.2-meter-high and weighing 200kg, the NK01 has made many appearances since it was created in 2015. (Photo: China News Service/Fu Tian)

International Data Corp. (IDC) reports that China will be spending 59.4 billion U.S. dollars on robotics and related services by 2020.

As the largest and the fastest growing robotics market in the world, China will account for over 30 percent of all robotics spending in 2020, according to a press release published on IDC's website.

Manufacturing continues to dominate China spending on robotics, it said.

“China continues to lead the adoption of robotics globally, primarily driven by strong spending growth in process manufacturing and cross-industry applications,” Zhang Jingbing, research director with IDC Worldwide Robotics and Asia Pacific Manufacturing Insights, said in the press release.

“In China, we are also seeing accelerated growth in commercial service robots especially for automated material handling in factories, warehouses and logistics facilities,” Zhang added.

By 2020, China's spending on robotic systems including industrial, service and consumer robots will grow to 29 billion U.S. dollars, while services-related spending involving application management, education and training, hardware deployment is expected to surpass 15.8 billion U.S. dollars.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 21 2017 09:18:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 21 2017 09:18:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 21 2017 09:18:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords