China Robotics Market Forecast, 2019-2023

China Robotics Market Forecast, 2019−2023

This IDC study provides a five-year forecast of the China robotics market for the 2019–2023 period. This forecast data consists of end-user spend in robots and related hardware components, application software, and consulting and systems integration services, as defined in IDC's Worldwide Semiannual Robotics and Drones Spending Guide Taxonomy, 1H19 (IDC #US44737219, October 2019)."The China robotics market is forecast to grow at a high CAGR of 26.2% to reach US$103.6 billion in 2023, primarily led by manufacturing, consumer, retail, healthcare providers, and resources industries," said Dr. Jing Bing Zhang, research director, Worldwide Robotics and Asia/Pacific Manufacturing Insights, IDC Asia/Pacific. "The outbreak of the COVID-19 coronavirus in January 2020 is expected to have a positive spin on the deployment of robots for healthcare as well on the use of robots as a means to increase operation capacity in labor-intensive verticals," added Zhang.

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
5G Wireless Communication
Development of Robotics Capabilities
COVID-19 Coronavirus Outbreak
Inhibitors
Talent Shortage
Protracted USA-China Trade War
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

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