SIASUN(SZ:300024) Ren Min Ri Bao·2025-11-27 22:02Industry Overview - The Chinese robotics industry has shown rapid growth during the 14th Five-Year Plan, with revenue increasing from 106.1 billion yuan in 2020 to 237.89 billion yuan in 2024, achieving a doubling of revenue [1] - In the first three quarters of this year, the industry revenue grew by 29.5% year-on-year [1] - The export value of the robotics industry rose from 390 million USD in 2020 to 1.15 billion USD in 2024, with a significant increase of 56% year-on-year in the first three quarters of this year, reaching 1.24 billion USD [1] Market Share and Domestic Production - The market share of domestic industrial robots has increased from 31.4% in 2020 to 58.5% in 2024 [1] - Key components such as harmonic reducers and servo systems have seen a rise in domestic market share, with domestic harmonic reducers now exceeding 40% [6] - Major enterprises in the industry have achieved over 80% localization in their complete product offerings [7] Technological Advancements - High-performance industrial robots for heavy loads, welding, and painting have been successfully developed and implemented, with notable examples including a 1200 kg payload robot and a welding robot capable of performing spot welding in as little as 2.2 seconds [2][3] - New technologies have enabled robots to automate complex processes such as color matching and cleaning, significantly reducing production time [3] Production and Application Growth - In the first three quarters of this year, the production of industrial robots reached 595,000 units, surpassing the total production for the previous year [4] - By the end of 2024, the total number of industrial robots in China is expected to exceed 2 million, making it the largest market globally [8] - The sales of industrial robots in China reached 302,000 units in 2024, a 68.7% increase from 2020, accounting for 54% of global sales [9] Future Trends - The industry is expected to focus on intelligent and specialized development, with a shift towards integrating artificial intelligence into robotics [11] - New products, such as voice-interactive robots, are being introduced to enhance user interaction and operational efficiency [12] - The industry aims to encourage diversification in applications across manufacturing and service sectors to uncover new business opportunities [12]