China’s demand for industrial robots will enter a new upward cycle in 2023, with the already burgeoning industry on the cusp of a continued boom, Sinolink Securities, a major stock brokerage firm, said in a research note today.
In the long run, the development of robotics will be a key variant in the full-fledged advances of AI technologies, the note said.
Over the past two years, the launch of humanoid robots by tech titans including Tesla and Xiaomi is likely to hasten the arrival of an era of intelligent robotics, Sinolink analysts predict in the note.
China is the world’s largest consumer of robots, with mature technologies and a complete industrial chain.
As the nation goes into overdrive to roll out homegrown substitutes for imported technologies, this momentum is likely to continue and usher in an age of “robot plus,” according to the research note.
China’s Ministry of Industry and Information Technology released a key document known simply as the “robot plus” action plan in conjunction with multiple ministries and ministry-level commissions early this year.
The plan aims to promote the development and adoption of cutting-edge robotics in the country, as part of an endeavor to drive a digital transition in the industrial sector and society.