Manufacturing, both discrete and process, will lead consumer, retail and the healthcare provider markets in creating a US$80.5 billion market by 2022, according to IDC.
The new IDC China Robotics Market Forecast, 2018−2022 report reveals that the robotics market in China is expected to grow at a high compound annual growth rate (CAGR) of 26.9% from 2017 to 2022, or 38.3% of the world's total spend in robotics, by 2022.
"With experience and knowledge accumulated over the past few years, end users of robotics in China are becoming more sophisticated and demanding," says Dr. Jing Bing Zhang, Research Director for Worldwide Robotics and Asia/Pacific Manufacturing Insights at IDC.
"This presents both opportunities and challenges to robot vendors as well as solution providers. Taking a customer-centric approach, investing to understand end users' true needs and pain points, and delivering maximum business values will prove to be key to success in the China market," adds Zhang.