Three hidden worries trouble the robot industry will reach 600 billion in the next 10 years

As one of the key development areas of “Made in China 2025”, robots are the key supporting equipment for digitalization and intelligence in the manufacturing industry, and their development potential is huge. In April this year, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Robot Industry Development Plan (2016-2020)" and proposed that by 2020, major breakthroughs in key components for robots in China will be achieved, and the annual output of self-owned industrial robots will reach 10 Million. With the dual benefits of the market and policies, the domestic robot market is rapidly heating up and the robot industry is developing rapidly. In 2015, China's industrial robots market has reached 68,000 units, accounting for a quarter of global sales, and has ranked first in the global market for three consecutive years. The industry expects that in the next 10 years, the total size of China's industrial robot market will reach 600 billion yuan. However, behind the prosperous industry and the market, various issues of the disorderly development of the robot industry have begun to appear gradually. Three major concerns have emerged and need to be highly valued. First, beware of industrial bubbles. According to statistics, 28 provinces, autonomous regions, and municipalities directly under the Central Government have listed robots and key components as development priorities. By the end of 2015, there were more than 40 robotic industrial parks built and under construction in China, and not including the number of parks under preparation; the number of industrial robot-related companies reached more than 1,000, and there were more than 100 listed companies with robot concepts. Robot companies have become the guests of local governments. Regardless of local conditions for development, they are strongly supported by funds, land, and policies, leading the robot industry to blindly follow the trend and move forward. In addition, the investment in robotics and mergers and acquisitions fund led by listed companies are also increasing. Some of them are companies that rely on the concept of speculation.