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Can China Conquer the leading role in the robotics market?

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An ambitious dream by china is to be the leader in the technology domain. So how can they not aim to conquer the leading position in the robotics market or industrial robotics markets?

China is the largest market for industrial robots. However, the majority of the machines are manufactured in foreign countries. An area that they are eagerly awaiting to bring a change.

Robotics is “the key technology of modern industry,” said Song Xiaogang, secretary-general of the China Robot Industry Alliance (CRIA).

In their 14th five-year plan, the robot industry is the second most important development plan for China.

This has “great importance for the promotion and development of high-quality Chinese robotics,” said the Secretary-General.  “China is by far the largest robot market in the world,” said Milton Guerry, president of the International Federation of Robotics (IFR). 

In 2020, 168,000 robots were newly installed in China with a sales increase by an average of 20 percent in the past 5 years.

Source:- Handelsblatt

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