Following the article we wrote on Monday about foreign robotics firms benefiting from a technology gap in China, the Business Insider has released its 2020﻿﻿ ﻿estimates for global industrial robot installations. According to the estimates, by 2020﻿﻿﻿, global installations will reach 416,000 up from 224,000 this year and during 2015﻿ foreign companies will﻿ have contributed 41,000 out of the﻿ 56,000 industrial robots currently deployed in Chinese factories. Many of these﻿ foreign robot makers are situated in Europe or Japan. The report also notes that China is expected to surpass Japan as the world’s largest market for robotic manufacturing over the next five years.
Following the article we wrote on Monday about foreign robotics firms benefiting from a technology gap in China, the Business Insider has released its 2020﻿﻿ ﻿estimates for global industrial robot installations. According to the estimates, by 2020﻿﻿﻿, global installations will reach 416,000 up from 224,000 this year and during 2015﻿ foreign companies will﻿ have contributed 41,000 out of the﻿ 56,000 industrial robots currently deployed in Chinese factories. Many of these﻿ foreign robot makers are situated in Europe or Japan. Despite ﻿﻿domestic robotics companies falling behind﻿ in China,the report suggests that companies like Foxconn plan to catch up with foreign robot makers, and provide more competition in the industry over the next few years.