Machinery and equipment industry: industrial robots, automation upgrading, into intelligence

Three factors promote the development of industrial robots.            We believe that the main factors to promote the rapid development of industrial robots include the gradual disappearance of the demographic dividend, the active promotion of national strategy, and the growing demand for downstream automation. In terms of demographic dividends, the proportion of the working population in the total population dropped from the highest 74.5% to 72.5%. Employment in the manufacturing sector was declining, and the proportion of young and middle-aged migrant workers under 30 years old dropped from the highest 46% to 32.9%. In terms of national strategy, Made in China 2025 puts forward the overall plan for the upgrading and transformation of China's manufacturing industry and the leap-forward development of industrial structure, and at the same time formulates the future development goals, and actively promotes industrial innovation from the top down. Demand, in addition to the automotive industry automation rate is higher, other industries automation equipment penetration rate is still low. The market space of China's 3C equipment industry is expected to exceed 350 billion, and the automation rate is only 15%~25%. Other traditional industries, such as textile and clothing, food packaging and so on, are increasingly demanding for automation. Some traditional manufacturing industries are also actively upgrading their industries, and the degree of automation is constantly improving.            Industrial robots are growing strongly and the localization rate is increasing.            China's industrial robot sales for three consecutive years to maintain the world's first, has become the world's largest industrial robot consumer market. In 2016, the global sales of about 290,000 industrial robots grew by 14%, of which 90,000 were sold in China, an increase of 31%, accounting for nearly 30% of the world's industrial robots. Although foreign famous robot manufacturers occupy most of the domestic market, but driven by various dividend policies, China's domestic brand industrial robot sales growth rapidly, the localization rate of more than 30%. According to the statistics of China Robot Industry Alliance, China's domestic industrial robot sales increased by 129.17% from 2013 to 2015, and independent brands are gradually opening up the domestic market.            The industrial chain tends to be complete, and the import substitution of industrial robots is worth looking forward to.            The robot industry chain mainly includes upstream parts manufacturing, middle reaches noumenon manufacturing and downstream system integration. China's industrial robot industry has a relatively short history of development, technological innovation and cost control still have room to improve, market share is less than overseas manufacturers. In the aspect of core components, China's controller manufacturing has gradually achieved technological catch-up, but the algorithm and platform development still need to be strengthened; servo motor and precision reducer manufacturing precision has gradually improved, and some products have been used in domestic robots. In terms of ontology and system integration, the products of domestic robot manufacturers are mainly concentrated in the low-end market, but the scale of enterprises is small and the overall profitability is low. Future ontology manufacturing and integration vendors can further enhance profitability by gradually integrating and expanding the scale. With the implementation of a series of national industrial robot industrial policies, there is a huge imagination space for domestic industrial robots to replace imports.