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China Robot Industry Projected To Reach $108bn In 2028
- China's robotics industry is projected to grow by 23 percent annually, reaching $108 billion in 2028 from $47 billion in the previous year.
- Chinese companies represented about 40 percent of the global robotics market in 2027 according to analysts.
- China is considered the largest robotics market globally and a leading hub for innovation in the sector.
- Robots are reshaping Chinese industries and are expected to have a more profound impact on society in the future, becoming more intelligent, collaborative, and affordable.
- Drones are projected to become China's largest robotics segment, increasing from $19 billion in 2027 to $40 billion in 2028.
- Humanoid robots are expected to experience significant growth, with an annual pace of 63 percent, reaching $3.4 billion by 2030.
- By 2050, China is expected to domestically deploy 302 million humanoid robots, representing 30 percent of the world's humanoid robots.
- China accounted for over half of global robot installations in 2027 and is home to more than 741,000 robotics-related companies, including UBTech, Unitree, and Agibot.
- The Made in China 2025 initiative aimed to establish China as a leader in high-tech industries, with a focus on robotics.
- China's industrial robot production surged 35 percent year-on-year in May, with service robot production also increasing by 13.8 percent.
- Various companies like Meta Platforms, Tesla, and Mercedes-Benz are exploring the use of humanoid robots in their operations to leverage advancements in AI technology.
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