China’s domestic cooking robotics market, though still in its nascent stages, is witnessing significant growth, according to recent data from Aowei Cloud. In the first half of 2024, online sales revenue for cooking robots reached RMB 130 million (approximately USD 17.8 million), marking a robust year-on-year increase of 41.2%. Sales volume surged even more impressively, […]
robotics
Chinese Commercial Service Robot Industry Sees Practical Growth Phase
The Chinese commercial service robot industry has entered a more pragmatic and effective development phase. Industry clients expect robots to become efficient production and service assistants, while robot manufacturers are focusing on improving operational efficiency and profitability. According to IDC’s latest report, the overall market size for commercial service robots in China is approximately 1.38 […]
China Outpaces US in Industrial Robot Density, Now Ranks Fifth Globally
According to the International Federation of Robotics, China has outpaced the United States in terms of industrial robot density for the first time in 2022, a testament to its aggressive investment in the sector. With 322 operational robots per 10,000 workers, China now ranks fifth globally in the manufacturing industry’s automation.
China’s AI Market Booms with Focus on Professional Services, Government, and Finance
China’s AI market spending will grow to $14.75 billion in 2023, accounting for one-tenth of the global total, according to IDC data. Due to the impact of the pandemic, geopolitics, and macroeconomic factors, IDC slightly lowered its forecast for China’s AI market size in 2022, with a growth rate of approximately 17.9% compared to 2021. […]
China’s commercial service robot market overview 2022
In 2021, China’s commercial service robot market reached US $84 million (about RMB 540 million), with a year-on-year growth rate of 110.4%, according to data from IDC. Keenon Robot, Pudu Tech, CSJ Bot, Orion Star and other manufacturers lead the market. In the future, refined operation, pan catering, and overseas business will become an important […]
Top 10 Tech Trends in 2022 according to Baidu
Baidu shares top 10 technology trends in 2022 including large-scale pre-training model, AI for science, AI-powered computational biology, integration of quantum hardware and software, autonomous driving, deep space exploration, human-machine symbiosis, green AI, and Inclusive AI. As we begin 2022, with the global pandemic continuing to bring turmoil and the global economy facing numerous challenges, […]
Report: China growth AI companies overview
China’s artificial intelligence (AI) market will reach 205.8 billion yuan (US$31.74 bn) in 2021, with a growth rate of 30%, and exceed 500 billion yuan by 2025, according to a report jointly published by Intel and Deloitte. There are about 5,015 AI-related enterprises in China, including 4484 growth AI enterprises, accounting for about 90% of […]
MWC Shanghai 2021 exploring how tech and connectivity can lead global recovery
The GSMA has announced initial details of MWC Shanghai, making a grand return as a physical experience for 2021. Scheduled for 23 to 25 February 2021 and taking place at the Shanghai New International Expo Centre (SNIEC), it will be one of the largest and most anticipated events of its kind in recent months.
China installed 140,500 new industrial robots in 2019
Asia remains the strongest market for industrial robots and China rose by 21% and reached about 783,000 units in 2019, according to World Robotics 2020 Industrial Robots report by International Federation of Robotics (IFR).
China to account for 44% of global robotics market (including drones) by 2024
China is the largest robotics (including drones) market in the world. It is expected to account for 38% of the global total in 2020, with a total expenditure of US$47.38 billion according to IDC. By 2024, China will account for 44% of the global market. And, it will reach US$121.12 billion. IDC believes that in […]
Internet economy overview 2019: China vs. the U.S.
China’s road to digital transformation is quite different from other markets as the consumer internet is driving the development of industrial internet, according to a report co-released by the Boston Consulting Group (BCG), Alibaba, and Baidu. To a certain extent, Chinese consumers have led a highly digital daily life. 20% of households in first- and […]
China to spend US$77 bn on robots by 2022
China is estimated to spend US$77 billion on robots (including drones) by 2022 with a compound annual growth rate (CAGR) of 26.3%, according to the latest IDC Worldwide Semiannual Commercial Robotics Spending Guide.
Consumer robot expected to reach US$1.6 billion sales in China in 2018
Chinese consumers aged between 15 and 49 years have a stronger passion for high tech products than those aged over 50, according to a report from Gfk. For 28% of consumers who aged between 15 and 19 years, having the latest household electronics is of equal importance as luxury cars or a second car. That […]
China’s spending on robotics will more than double to $59.4 bn in 2020
China’s spending on robotics will more than double to $59.4 billion in 2020 from $24.6 billion in 2016 (over half from manufacturing) according to IDC.