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Strength comes from robotics prowess

Robotics prowess | Image Source : Forbes

Robotics prowess | Image Source : Forbes

Strength comes from robotics prowess

A rapid growth of robotics prowess technology has been occurring in recent years, including the integration of emerging technologies such as AI and 5G, as well as the development of new products and applications that can drive global economic development and increase people’s quality of life.

In the Chinese Institute of Electronics’ 2022 China robotics prowess Industry Development Report, published in August, the market is estimated to reach $51.3 billion (£45.3 billion) this year, growing at an average annual rate of 14 percent. By 2024, the global robotics market is estimated to reach $65 billion (£57.5 billion).

During the World Robot Conference in Beijing in August, 2022, China’s minister of industry and information technology Jin Zhuanglong said the robotics prowess industry represents a country’s technological strength and level of high-end manufacturing.

According to Jin, the robotics prowess industry is entering a crucial phase of strategic opportunity for growth and upgrade due to emerging technologies such as artificial intelligence, 5G, and new biological materials.

Robotics prowess | Image source : Independent.co.uk

The integration of robots into production and people’s everyday lives is accelerating as an important tool for promoting digital transformation and boosting the digital economy, Wang Hong, deputy director of the Ministry of Industry and Information Technology’s first equipment industry department, said, adding that the industry has great potential for development.

According to Wang, China has developed a whole industry chain encompassing everything from robot parts to robot applications.
As a result of COVID-19, the robotics prowess industry has slowed down in the first half of the year, but has gradually picked up in the second half

A record 366,000 industrial robots were produced in China in 2021, 67.9% more than in 2020. Service robots were produced at an annual rate of 9.21 million, a 48.9% increase from the previous year.

Despite the market growth, the institute projects that China’s robotics prowess market will continue to thrive in 2022, growing by 22 per cent each year.

As a result of supportive policies and the rapid development of emerging technologies, industrial robot production is growing rapidly and playing a key role in the advancement of the industry.

Customers in the new energy industry have stepped up their production as the pandemic is better contained, resulting in a revival in demand for Chinese industrial robots.

One of China’s largest robotics companies, Siasun Robot & Automation Co, said the new energy industry is at a breakthrough point for robotic applications.

In China, Siasun has been participating in the development of industrial and mobile robots due to new energy’s rapid development.

Several major new energy companies use our mobile robots in their manufacturing plants.”

IFOR, a professional, non-profit organization based in Germany, employs a number of professionals who specialize in robotics prowess. Former president Milton Guerry said: “China is the world’s largest robot market by far.”

Robotics prowess | Image source : Independent.co.uk

According to Guerry, China’s dynamic development can be measured by the number of industrial robots per 10,000 employees based on the federation’s statistical data.

According to the federation, China‘s robot density in the manufacturing industry ranks ninth globally with 246 industrial robots per 10,000 workers, up from 25th five years ago with 49 robots per 10,000 employees.

Chen Yu of Yunqi Partners, a Chinese venture capital firm, said robots are in high demand in labour-intensive industries and in industries where employees may be at risk.

It is hard to find people to work in these industries. Robots are also safer, more intelligent, and more standardised than people.

With the growth of the digital economy, AI also provides efficient digital technology that is useful to all industries. In intelligent robots, sensors analyze the environment and collect data, process the information, make decisions based on logical analysis and understanding, then respond to situations and accomplish tasks, Chen explained.

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