China’s robotics market set to double in four years: Morgan Stanley – Robotics is a key part of the Made in China 2025 initiative, launched a decade ago to position the country at the forefront of hi-tech industries
https://www.scmp.com/tech/policy/article/3314611/chinas-robotics-market-set-double-2024-2028-morgan-stanley
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China’s [robotics](https://www.scmp.com/topics/robotics?module=inline&pgtype=article) market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday.
China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not provided.
“China is not only the largest market but also is arguably the world’s innovation hub, propelling cost efficiencies and next-gen robotics development,” they said.