The global robotics market is expected to exceed $65 billion in 2024

The integration of new-generation information technology, biotechnology, new energy technology, new material technology, etc. and robot technology is accelerating. The "Report" shows that the application of robots in the fields of automobile manufacturing, electronics manufacturing, warehousing and transportation, medical rehabilitation, and emergency rescue has continued to expand. It is estimated that by 2022, the global robotics market will reach US$51.3 billion, with an average annual growth rate of 14% from 2017 to 2022. Among them, the market size of industrial robots will reach US$19.5 billion, service robots will reach US$21.7 billion, and special robots will exceed US$10 billion. It is estimated that by 2024, the global robotics market is expected to exceed US$65 billion.

Among them, the scale of the industrial robot market hit a record high, and robots have been widely used in industries such as automobiles, electronics, metal products, plastics and chemical products. According to IFR statistics, it is estimated that by 2022, the industrial robot market will reach US$19.5 billion; in 2024, it is expected to reach US$23 billion.

Service robots have bred new development opportunities under the influence of the epidemic, and have formed an emerging growth point in the industry that has begun to take shape. Anti-epidemic series robots have become a new force in epidemic prevention and control, and "contactless" unmanned delivery has become a new focus. It is estimated that the global service robot market will reach USD 21.7 billion in 2022. In 2024, the global service robot market is expected to grow to 29 billion US dollars.

In recent years, the scale of my country's robot market has continued to grow rapidly, and a complete robot industry chain has initially formed. At the same time, the application of "robot +" has continued to expand and deepen. According to the "Report", it is estimated that in 2022, the scale of China's robot market will reach 17.4 billion US dollars, with a five-year average annual growth rate of 22%.

In the field of industrial robots, driven by multiple factors such as intensive domestic policies and a maturing market, industrial robots are growing rapidly. In addition to the two most demanding industries of automobiles and 3C electronics, chemical and petroleum application markets are gradually opening up. According to IFR statistical data, the scale of China's industrial robot market has maintained a growth trend in the past five years, and the market scale will continue to grow in 2022, and is expected to reach US$8.7 billion. It is estimated that by 2024, the scale of China's industrial robot market will exceed US$11 billion.

In the field of service robots, as well as demand traction in the fields of construction and education, China's service robots have huge market potential and development space. In 2022, the demand in fields such as education and public services will become the main driving force for the development of service robots. It is estimated that by 2024, the scale of China's service robot market is expected to exceed US$10 billion.