China, holding 61% of global AI patents, is driving its robotics industry forward with innovations in image processing, voice recognition, and humanoid robots. By 2030, demand for these robots in China and the US is expected to hit 2.03 million units. With strong policy support and rising investments, China is on track to lead the global AI-robotics revolution.
BRICS bridge- China’s leap forward in artificial intelligence (AI) and robotics was highly visible during the 2024 Spring Festival Gala, where “robot yangko dancers” wowed the audience by blending folk art with high technology. Such an eye-catching showpiece was a striking embodiment of China’s meteoric rise in the AI field, owning 61% of the world’s AI patents. Achieving breakthroughs in everything from image classification and visual reasoning to voice recognition, these advancements are driving the robotics industry to achieve considerable growth. Demand for humanoid robots alone in China and the US is expected to reach 2.03 million units by 2030, making a market worth 318.5 billion yuan.
Investor excitement has grown in parallel with these technological developments. The Robotics ETF (562360), which follows the China Robotics Index, has risen over 4% as belief in the sector grows. Important innovations like planetary roller screws and six-dimensional torque sensors lead to localization of essential components and decrease dependence on foreign suppliers. Another positive growth trend is in quadruped robots with a unit sale target that may exceed 400,000 units annually as of 2024, impressive as market scope expands and industries embrace this trend.
With AI increasingly integrated with robotics, this momentum in China toward global leadership in this transformative industry shows no signs of slowing. With strong policies in place and increasing market demand, businesses nationwide are making preparations to seize these innovations. Each synchronized step in its technological dance positions China not just for today, but orchestrates a future where smart robotics transform industries and change daily life.