Commercial service robot to reach $17 billion in the world by 2020

The "China Robot Industry Development Report” was just issued by the robot industry research of China Institute of Electronics on August 30th, 2017.

According to the report, at present, the Chinese robot market has entered a period of rapid growth. In 2017, the domestic robot market is expected to reach $ 6.28 billion, and the average growth rate during 2012-2017 is 28%. Among them, industrial robots make up 4.22 billion US dollars, intelligent service robots make up 1.32 billion US dollars, and the other are special robots, around 740 million US dollars.

Among them, the Chinese home service robot, medical service robot and public service robot respectively present 530 million US dollars, 410 million US dollars and 380 million US dollars; home service robot market growth is relatively leading.

By 2020, the rapid development of emerging robots applied in new scenarios such as parking robots and retail service robots used in supermarkets or shopping malls will make the market size exceed $ 2.9 billion.

Behind the growth of China's service robot industry, the core is the increase in aging population which causes the increases of human costs. In addition, policy and capital support, the development of artificial intelligence technology has also boosted the growth of the service robot market.

With the acceleration of population aging, the huge manpower demand in pension, medical, education and other aspects creates the rapid expansion of intelligent service robot, especially the care robot for elderly. As of the end of 2016, China's population aged over 60 has reached 230 million, accounting for 16.7% of the total population.

At present, China's intelligence level of service robot has been rapidly improved, shoulder to shoulder with the first international echelon. The report pointed out that China's number of patent applications in the field of artificial intelligence and the United States are in the same order of magnitude, especially the increase in computer vision, intelligent voice applications and other application. This gave birth to a number of innovative start-ups. At the same time, China has made some progress in innovative AI robotics such as multi-model human-computer interaction technology, bionic materials and structure, modular self-reconfiguration technology and so on.

China's service robot industry has not yet shape stably. Facing a good market development opportunities, high-frequency demand intelligent service robots become the main investment direction. In recent years, some enterprises that use robots go into robot industry by performing independent research and development, investment and acquisition and other means. And through the comprehensive application of artificial intelligence technology to build intelligent service robots, a great number of innovative entrepreneurial enterprises Dji, Ecovacs, Sanbot service robot, i robots and other enterprises have been recognized by the market.