The companies making China a robotics powerhouse
Last year marked a historic milestone for China’s robotics industry.
For the first time, local firms overtook foreign players in the country’s domestic industrial robotics market, according to the International Federation of Robotics.
That segment had been the only category still dominated by foreign companies before this. For the other four segments – collaborative robots, service robots, mobile robots, and drones – Chinese firms now command over 90 per cent of domestic market share, according to a June report by Morgan Stanley.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next