Description
The indicator is published by the China Robot Industry Alliance (CRIA) and measures the market value and annual growth rate of domestically produced industrial robots in China. It provides insights into technological advancements in manufacturing and automation trends. An increase in market value indicates the growth of the industrial robotics sector, reflecting a higher adoption rate and progress in manufacturing automation.
Broadly speaking, an industrial robot is an automatically controlled, reprogrammable, and multifunctional manipulator or multi-joint robot used in production activities. It can perform various tasks in industrial automation, either in a fixed position or with mobility.
Market value is calculated based on the actual sales value of domestically produced industrial robots in China, including the total revenue generated from their sales in the domestic market.
This data is typically updated annually, providing insights into annual growth and trends in the market value of domestically produced industrial robots.