China’s robotics market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday.
China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not…

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