China Has the World’s Largest Robotics Market but Lacks Core Technologies

Visitors look at an industrial robot at the 17th China International Industry Fair (CIIF) in Shanghai on Nov. 3, 2015. STR/AFP via Getty Images

News Analysis

For nearly a decade, China has been the world’s largest producer and consumer of industrial robots. However, it has “no pricing power” in the market, experts say, due to foreign companies owning the core technologies.