Robot Competition

Statistics from the International Federation of Robotics show that from 2010 to 2016, the annual growth rate of the total supply of China’s industrial robots hit 40 percent. In 2015, 66,700 robots were sold in China, accounting for 25 percent of the global share. China became the largest market for industrial robots globally three years ago thanks to the rapidly aging population, rising labor costs, increasingly fierce global competition and growing investments in emerging enterprises. In line with the growth of market potential, the robotics industry has entered a golden era, attracting continuing attention from enterprises, capital and government. Experts argued that R&D and the applications of robotics have become an important issue closely bound to the national economy and public livelihood and offer a crucial way to upgrade China’s manufacturing industry.