After cementing its position across tech domains globally, China has unveiled a five-year plan to become an innovation hub for the global robotics industry by 2025, as industries like automobile, aero space, railway transportation, logistics and mining aim to roll out smart factories.
The Ministry of Industry and Information Technology said in a statement that the operating income of China’s robotics industry is expected to grow at an average annual rate of 20 percent from 2021 to 2025. “The move is part of the nation’s broader push to cope with a greying population and leverage cutting-edge technologies to advance industrial up- grades, experts said,” state- owned newspaper China Daily reported on Wednesday. More efforts will also be made to achieve break- throughs in core robot components, such as speed reducers, servo motors, and control panels the three basic building blocks of so- phisticated automated machines. China has been the world’s largest market for industrial robots for eight consecutive years. The country now aims to double its manufacturing robot density by 2025.