China Tech - Thematic Research

China Tech - Thematic Research


This report tackles the issue of whether China-despite severe geographic, demographic, and economic constraints-will lead the world into the Fourth Industrial Revolution by 2030. It also assesses whether this will spawn a Beijing-centered global economic security zone dependent on Chinese technology and largely independent of the West. GlobalData concludes that China will succeed at both, with major implications for the global economic and political order.

This report also looks at the foundational technologies that will need to be advanced, converged, and widely deployed over the decade to birth and nurture the Fourth Industrial Revolution. Oil was the control point of the last century, and data will replace it in the 21st, fueling the algorithmic engines of the future. China will have more of this fuel than any other country.

Key Highlights

  • China has embarked on an ambitious project to create a home-grown semiconductor supply chain that eliminates the need for US technology. This will likely take at least 15 years of work, although step changes in chip technology could shorten that. Under the 14th Five-Year Plan (from 2021 to 2025), $1.4 trillion is being invested in building an advanced digital infrastructure in China, with the lion’s share going to the semiconductor industry. The scale of the challenge is highlighted by the fact that while the likes of Huawei, Alibaba, Xiaomi, ByteDance, and Oppo are designing advanced proprietary chips based on 7nm widths and below, they still cannot do so without using US electronic design automation (EDA) software. Moreover, as fabless operations, they cannot farm out their production to Chinese foundries because no Chinese foundry can currently make chips involving lower than 14nm process technology, and even 14nm is only just scaling up now.
  • Chinese interest in 6G wireless networking is the same as its interest in AI, quantum computing, space technologies, or even ocean bed exploration. The further development and deployment of 5G networks and, by the late decade, the creation of almost zero-latency 6G wireless networks that are 100 times faster are front and center of China’s Grand Strategy.
  • China will launch at least three 5G satellite communications networks in the next two years. For now, the scene is dominated by SpaceX’s Starlink network, which is already selling receivers and subscriptions for its 5G internet service.
  • This report provides an overview of the China Tech theme.
  • It identifies the key trends impacting growth of the sector over the next two to five years.
  • In includes a comprehensive overview of China's industries of the future, including markets such as semiconductors, 5G, robotics, consumer electronics, electric vehicles and energy storage, high-performance computing, space technology, biotechnology, alternative energy, autonomous vehicles, artificial intelligence, smart cities, and internet platforms.
  • The report also includes a timeline charting the development of the theme, and information on major mergers and acquisitions.
Reasons to Buy
  • As the great power competition increases between the US and China, the need to get ahead in the technologies of the future has never been of greater importance. Technologies such as AI, 5G, high-performance computing, robotics, and semiconductors are all industries within themselves but have the power to transform outcomes in almost every sector.
  • This report looks at how things may play out for China in 14 of the key next-generation technology markets, providing invaluable insights for companies across industries.

  • Executive Summary
  • Players
    • Table Figure 1: Who are the leading Chinese technology players that could dominate future industries?
  • Trends
    • Technology trends
      • Table Technology trends
    • Macroeconomic trends
      • Table Macroeconomic trends
    • Regulatory trends
      • Table Regulatory trends
  • China and the Industries of the Future
    • Hardware
    • Software
    • Platforms
    • Hardware
      • Semiconductors
        • Table Figure 2: SMIC leads China's chip charge
        • Table Figure 3: China led the US in semiconductor patents until January 2022
        • Table Figure 4: Semiconductors: China's leaders vs. global leaders
      • 5G
        • Table Figure 5: China's year-on-year increase in 5G subscriptions will continue to 2026 and beyond
        • Table Figure 6: 5G: China's leaders vs. global leaders
      • Robotics
        • Table Figure 7: China is investing heavily in robotics
        • Table Figure 8: China led the world in patents for robotics between 2019 and 2022
        • Table Figure 9: Robotics: China's leaders vs. global leaders
      • Consumer electronics
        • Table Figure 10: China is still behind the US in consumer electronics patents
        • Table Figure 11: Smartphone brands like Tecno and Xiaomi are expanding
        • Table Figure 12: Consumer electronics: China's leaders vs. global leaders
      • Military technology
        • Table Figure 13: China claims an enormous chunk of the South China Sea
        • Table Figure 14: Despite significant investment, China's navy still lags behind the US Navy
        • Table Figure 15: Military tech: China's leaders vs. global leaders
      • EVs and energy storage
        • Table Figure 16: BYD and other Chinese EV makers are expanding into Europe
        • Table Figure 17: In 2017, China produced nearly half of the world's B£Vs and dominated global EV production
        • Table Figure 18: Electric vehicles and energy storage: China's leaders vs. global leaders
      • High-performance computing
        • Table Figure 19: China leads in supercomputing scale, but not performance
        • Table Figure 20: China leads the US in high-performance computing patents
        • Table Figure 21: High-performance computing: China's leaders vs. global leaders
      • Space technology
        • Table Figure 22: China continues to invest heavily in space
        • Table Figure 23: Despite China's increased focus on space, the US has almost seven times more deals than China
        • Table Figure 24: Space technology: China's leaders vs. global leaders
      • Biotechnology
        • Table Figure 25: China has made genomics a key area of focus but still has to catch up with the US in terms of patents
        • Table Figure 26: He Jiankui's gene-editing experiment was
        • Table Figure 27: Biotechnology: China's leaders vs. global leaders
      • Alternative energy
        • Table Figure 28: China invested heavily and early in solar panels.
        • Table Figure 29: By subsidizing companies early, China has amassed a lead in the solar sector
        • Table Figure 30: Alternative energy: China's leaders vs. global leaders
    • Software
      • Autonomous vehicles
        • Table Figure 31: China has an increasingly competitive AV environment
        • Table Figure 32: China's Baidu and Huawei lead the way in AV patents
        • Table Figure 33: Autonomous vehicles: China's leaders vs. global leaders
      • Artificial intelligence
        • Table Figure 34: Chinese policymakers see AI as an area of utmost importance
        • Table Figure 35: Until January 2022, China led the way in AI patents
        • Table Figure 36: AI: China's leaders vs. global leaders
    • Platforms
      • Smart cities
        • Table Figure 37: China's smart city tech has been criticized for advancing authoritarianism
        • Table Figure 38: China leads the US in smart cities patents
        • Table Figure 39: Smart cities: China's leaders vs. global leaders
      • Internet platforms
        • Table Figure 40: Alibaba has led the way on patents for digital payments over the last three years
        • Table Figure 41: Internet platforms have been criticized by the CCP
        • Table Figure 42: Internet platforms: China's leaders vs. global leaders
  • Mergers and Acquisitions
    • Table Mergers and Acquisitions
  • Timeline
    • Table Figure 43: The China tech story
  • Companies
    • Public companies
      • Table Public companies
  • China Tech Sector Scorecard
    • Who's who
      • Table Figure 44: Who does what in the China tech space?
    • Thematic screen
      • Table Figure 45: Thematic screen
    • Valuation screen
      • Table Figure 46: Valuation screen
    • Risk screen
      • Table Figure 47: Risk screen
  • Glossary
    • Table Glossary
  • Further Reading
    • GlobalData reports
      • Table GlobalData reports
  • Our thematic research methodology
    • Table Figure 48: Our five-step approach for generating a sector scorecard
  • About GlobalData
  • Contact Us

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