2018 China's robot industry faces three major challenges

Recently, at the 2018 World Robot Congress held in Beijing, the Chinese Institute of Electronics released the "China Robot Industry Development Report 2018". Also released on the same day is the "2018 China Robot Industry Analysis Report" in both English and Chinese. Based on the rapid development of China's robotics industry in 2017, these two reports comprehensively analyze the development trends and characteristics of the global and China's robotics industry. By judging the status quo, summarizing the problems, and looking into the future, we hope to be the enterprises and startups of the robotic industry chain. Investment institutions provide valuable basis for decision making.

Overall growth profile and forecasting Industry still has three major challenges

In recent years, the overall market size of the Chinese robot industry has further expanded. In 2017, the overall scale of China's robot industry exceeded RMB 120 billion, a year-on-year increase of 25.4%, and its growth rate remained the first in the world. The report predicts that in 2018, China's robot market will reach 8.74 billion US dollars. Among them, industrial robots are 6.23 billion US dollars, service robots are 1.84 billion US dollars, and special robots are 670 million US dollars. From 2013 to 2018, the average growth rate of China's robot market will reach 29.7%.

However, in the gratifying environment, there are still many challenges. For example, the Chinese robot industry has not completely reversed the situation that core components rely on imports; the conversion rate of industrial technology achievements is low; the national robot standard system still cannot meet the actual needs of rapid market development.