LINE

Text:AAAPrint
Economy

China spending on robotics to hit $59.4 bln in 2020: IDC

1
2017-04-07 09:09Xinhua Editor: Gu Liping ECNS App Download
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)

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.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.