China’s service robots to yield ¥75bn in 2023

China’s service robot market is projected to reach 75.18 billion yuan in 2023, says China Securities Journal which quoted an expert from CCID Consulting.
China has rolled out a basket of policies to bolster the healthy development of the service robot industry in recent years, said Yao Yinguo, an analyst with the Intelligent Equipment Industry Research Center of CCID Consulting.
After years of development, China has now realised layouts in the whole industrial chain of service robots, with a complete industrial ecosystem and on the whole.
The industrial chain can be divided into three links – the upstream key parts and software, the midstream robot body manufacturing and the downstream terminal application added Mr Yao.
Mr Yao noted that the service robot industry had ushered in a number of favourable factors for development, including opportunities in medical services brought by the increasing ageing population and regular epidemic prevention and control.
The improvement of the performance of the robots was driven by technological development and supportive policies.
“We believe that the market structure of household robots will decrease year by year, and the market share of public service robots, medical robots and special robots will gradually increase.
“This is because the Covid-19 pandemic has made people aware of the importance of non-contact services.
“Meanwhile, the artificial intelligence technology and human-computer interaction technology demanded by public service robots, medical robots and special robots will be upgraded in the future, which will expedite the marketisation process of such robots,” Mr Yao explained.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Health
WHO warns Sudan’s cholera outbreak may get worse
The World Health Organisation warned on Friday that the cholera outbreak in Sudan could get worse amid war, displacement and the onset of the rainy season.

Abuja
Rep explains reason for Nutritionist Registration Council of Nigeria bill
The chairman of the House committee on nutrition and food security, Chike Okafor, has sponsored a bill to establish the Nutritionist Registration Council of Nigeria.

States
Borno: ISWAP’s Friday morning attacks thwarted, says military
“During the pursuit of the fleeing terrorists at Miringa, a mine-resistant ambush-protected vehicle triggered an improvised explosive device,” said the military.

Abuja
Tinubu celebrates former AGF Kanu Agabi at 80
President Bola Tinubu has congratulated former justice minister Kanu Agabi on his 80th birthday.

Economy
FG, private sector urged to focus on governance reforms
Governance experts have called for structural governance and institutional reforms across Nigeria’s public and private institutions to drive sustainable economic growth.

Politics
Tinubu govt frustrating me; I may be dead before 2027 presidential election: Peter Obi
“I might not even be alive. I’m telling you. Every single thing I do for a living, this government is frustrating it. Deliberately so. Everything,” Mr Obi claimed.





