SIASUN(SZ:300024)2025-06-16 03:16Investment Rating - The report provides an "In-Line" investment rating for the robotics industry in Asia Pacific, with a specific focus on China [2]. Core Insights - Robotics penetration is accelerating, driven by advancements in mobility and intelligence, which are enabling new use cases [2][6]. - The total addressable market (TAM) for China's robot industry is expected to double by 2028, reaching approximately US$110 billion, with significant growth in drones, mobile robots, and collaborative robots (cobots) [6][17]. - Supply chain opportunities are identified in market growth and localization potential, particularly in components such as sensors, vision systems, motors, and reducers [6][32]. Market Overview - The global robotics market is projected to reach US$122 billion by 2024, with a compound annual growth rate (CAGR) of 17% from 2020 to 2024 [21]. - China currently accounts for about 40% of the global robotics market, a figure expected to rise with the increasing adoption of intelligent robots [24]. - The report highlights that approximately 55% of robots globally are produced in China, indicating the country's pivotal role in the robotics supply chain [32]. Market Segmentation - The report categorizes the robot market into various segments, including traditional industrial robots, service robots, drones, and humanoid robots, with specific growth rates projected for each category [20][21]. - By 2028, the TAM for components used in robotics is anticipated to reach US$40 billion, with a CAGR of 23% from 2025 to 2028 [32][31]. Localization and Supply Chain - The localization rate of key components in China's robotics supply chain is increasing, with batteries, LiDAR, and vision sensors leading in localization [37]. - The report emphasizes the importance of localization in enhancing cost efficiencies and driving the next generation of robotics development in China [28][84]. Technological Trends - AI technologies are lowering barriers to automation, enabling users with minimal experience to customize robot programs [121][124]. - The integration of digital twin technology is optimizing manufacturing processes before real deployment, enhancing efficiency and reducing waste [128][133]. Case Studies - The report includes case studies demonstrating the impact of robotics on various industries, such as automotive, solar, and agriculture, showcasing significant improvements in productivity and cost reductions [85][100][119].