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Market Research Report

China Robotics Market Forecast, 2019-2023

Published by IDC Product code 816273
Published Content info 21 Pages
Delivery time: 1-2 business days
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China Robotics Market Forecast, 2019-2023
Published: March 12, 2020 Content info: 21 Pages
Description

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."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.

Table of Contents
Product Code: US44623420

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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