China is the largest robotics (including drones) market in the world. It is expected to account for 38% of the global total in 2020, with a total expenditure of US$47.38 billion according to IDC.

By 2024, China will account for 44% of the global market. And, it will reach US$121.12 billion.

IDC believes that in the forecast period of 2020-2024, robotics will see higher expenditure. But, the growth rate of the drones market (5-year CAGR of 54.3%) is faster than that of robotics market (5-year CAGR of 23.4%).

Nearly half of China's robotics market spending will be concentrated in discrete manufacturing (including automobile, electronics, metal processing, etc.), followed by process manufacturing, medical and retail industries between 2020 and 2024.

Due to the novel coronavirus pneumonia epidemic, all sectors of growth in 2020 are expected to decline, the most affected ones are personal and consumer services, retail, resource industries, and consumers.

During the IDC fo...