China is already beginning to dominate the production of mechanical and electronic components, which are significantly cheaper than in the United States, the Financial Times newspaper writes. There are 25 manufacturers of robotic arms operating in the country, which is significantly higher than the number of similar companies in the United States.
Despite this, the United States continues to hold leadership in the field of advanced electronics and software solutions necessary for the functioning of robots. Johnson Wang, an industrial analyst at Jefferies investment bank, noted that the United States still has an advantage in terms of innovation and software. However, China is actively developing its industry, using a well-developed supply chain and strategic investments from the government, which allows it to strengthen its position in the global market.
Analysts believe that China can repeat its success in the electric vehicle market by changing the balance of power in the global robotics industry. The Chinese government considers robotics as a strategic priority and actively supports new startups. This stimulates innovation and development in areas where the United States still has an advantage, creating conditions for further growth and China's dominance in this area.
