Booming robotics a platform to advanced manufacturing
The emerging robotics industry is booming in China. Not so long ago, the major robotics markets comprised Japan, the United States, Germany, the Republic of Korea and China, which had a combined share of 70 percent. But in 2014, sales of industrial robots soared in China and it became the largest market for robotics with a 25 percent share of the global total. Chinese robotics pioneers, including Shenyang Siasun and Ningbo Techmation's subsidiary E-Deodar, have been scaling up fast, and China is about to triple the annual production of robots in manufacturing to 100,000 in five years and sell over $4.6 billion worth of service robots by 2020, thanks to surging demand in healthcare, education and entertainment. This year, China's growing robotics industry turned to acquisitions, as evidenced by the acquisition of the Michigan-based Paslin by Wanfeng Technology, Siasun's planned acquisitions, and Chinese venture funds' investments in robotic ventures in Russia, Israel and Silicon Valley.
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