Service robot industry surged 24 billion yuan

With the increasing commercial value of service robots, a series of excellent service robot companies have mushroomed.

The market for service robots has attractive prospects. In 2017, the national market scale will reach 24 billion yuan. At present, the domestic service robot application areas and products are mainly concentrated on clean robots, education robots, entertainment robots, medical robots, and security robots.

Service robot

With the increasing commercial value of service robots, a series of excellent service robot companies have mushroomed. Domestic service robot representative companies include: boat robots, Goer robots, Ubisoft robots, etc. Their products serve audiences from both domestic and commercial fields and enter consumers' clothing, food, housing, and transportation.

According to the IFR (International Federation of Robotics) data, global robot ownership will increase by 15% annually from 2015 to 2018, and will reach 2.3 million units by 2018. Among them, in 2015, the sales volume of industrial robots reached 248,000 units, and the 5-year CAGR reached 15.5%; in 2014, sales of personal/domestic service robots and dedicated service robots were 4.7 million units and 24,000 units, respectively, and CAGRs for 4 years were 20.6% respectively. And 12.7%.

At the two academician conferences, Xi believes that "the robot revolution" is expected to become the entry point and growth point for the "third industrial revolution", which has greatly promoted the rapid development of the domestic intelligent robot industry. Taking the example of serving robots as an example of intelligent robot subdivision, we have gradually implemented technologies such as voice interaction, dialog question and answer, face recognition, environment awareness, and autonomous positioning navigation in the industry chain. The decline in the cost of the core components of the industrial chain has led to the widespread adoption of service robots in the application scenario and the explosive growth of the service robot industry.

In 2015, the market for service robots in China was 8.5 billion yuan. It is estimated that CAGR can reach 17% in the next five years. In 2016, the market size will reach 14 billion. By 2017, the national market scale will reach 24 billion yuan.

From networking, intelligence to autonomy, voice interaction, NLP, face recognition, scene understanding, and even more advanced autonomous behavior planning, multi-agent collaboration, etc., will all be essential skills for advanced service robots. The service robot with powerful interaction performance can realize face recognition and big data collection, and can be applied in different scenarios such as home, hospitals, shopping malls, and banks. Face recognition system can accurately analyze the audience, and then more accurately depict the user's portrait, census user habits, and achieve point-to-point product marketing.

Due to the shortage of labor force and the aging of the population, the application and popularization of service robots have become just needed. With the advancement of technology, the industry chain formed by key technologies such as the Internet of Things, big data, computers, and human-computer interactions for service robots has achieved a compound growth, and the development space for the service robot industry is huge. It is estimated that the compound annual growth rate of the service robot market in 2017 will reach 17.4%, and the market size is expected to reach 46.18 billion US dollars in 2017.

In addition, currently there are no more than 10 robot companies capable of producing more than 1 meter in size, and no more than 5 service robots capable of mass production and supply to more than 1,000 robots. It is even rare that the main business of robots is profitable.

Not only that, from the perspective of the industry average, intelligent service robots also have certain drawbacks. Take the boat service robot as an example. Currently, the robot customer service can solve a part of the service volume, but the remaining part still needs to be answered manually. The industry is facing the problem of natural language understanding technology being immature. At present, the positioning of robots is not a substitute for manpower. Instead, it is used as an assistant and a supplement to business services to cut into application scenarios, thereby reducing labor costs and improving work efficiency.

In the future, with the continuous advancement of speech interaction and semantic understanding technologies and the decrease in the cost of related parts and components, intelligent service robots are expected to replace a large number of basic human resources in education, catering, and shopping guides. In the intelligent service robot industry where giants have laid out and new players continue to emerge, there will eventually be unicorns with an estimated value of over 1 billion U.S. dollars or even 10 billion U.S. dollars. They will also have Pathfinders and followers who are “martial sacrifices” or “ on one's last legs". Only service robot companies that are constantly upgrading their technology and updating their products can stand out in the history of the industry.

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