30 Sep '17, 3pm
Robots Roll Towards China VC investments take big steps up
SANTA CLARA, Calif. – Robots are on the rise with “massive growth” in venture investments and steeper revenue growth projected beyond 2020. Experts foresee long-term markets rise and prices decline as China’s factories start making and consuming more automated systems. Industrial robots will see “strong growth after 2020, due to their proliferation in Asia and the availability of more low-cost, high-quality systems,” said Dan Kara, research director for robotics at market watcher ABI Research, forecasting China will overtake the U.S. as the largest market in a few years. Robotics used to be all about precision actuators made mainly in “Germany, Japan and Switzerland, but now China is catching up and systems increasingly will be made with smart software so you don’t need those pricey actuators,” Kara said in a talk at the RoboBusiness event he helped found here. Overall, AB...