China and South Korea are fiercely competing for t

China and South Korea are fiercely competing for the second place in India's industrial robot market

now India is actively introducing foreign capital in order to develop its manufacturing industry, and the development of manufacturing industry has also led to an increase in the demand for industrial robots. According to KOTRA statistics of South Korea, the annual overseas import volume of industrial robots in India increased by 72.19% throughout the year, of which the import scale of South Korea increased by 207.4%

the largest demand for industrial robots in India is in the automotive industry. At present, the annual output of Indian cars is 29million, with an average annual growth rate of 7%. Therefore, the increase in automobile production has driven the demand for industrial robots. The CEO of a local auto parts enterprise in India said that various problems such as the steep salary rise and defect rate in India have led to the increase of enterprises considering whether to introduce factory automation equipment. Although the increase in local auto production has also expanded investment, the devaluation of the Indian rupee has led to the rise in the price of imported robots, and the stagnation of economic development has also led to the increase of production facilities and the introduction of equipment, which need careful consideration

according to the report published by the International Federation of Robotics (IFR) in 2017, India has only 3 industrial robots per 10000 workers, less than 1/200 compared with South Korea, which has the highest robot penetration rate (631 robots per 10000 people). The report also points out that India's industrial robots, which have been adjusted for 0 years from 2018 to 202, will increase at a 26% growth rate. In the past three years, the import volume of robots in the diversified market demand of Indian semiconductor manufacturer plastic film blowing machine industry has increased significantly. According to the report of Indian industry and Commerce Department, such as experimental reports, experimental parameters, system parameters, etc., the number of industrial robots in India increased by 14.12% from 2014 to 2017

Japanese enterprises account for about 46% of the industrial robot market in India, and China and South Korea are fiercely competing for the second place

at present, India's cases of breakthroughs in China's major manufacturing innovations under the exchange rate include: the successful flight test of the first domestic large aircraft C919; The first flexible composite industrial robot was successfully developed; The world's largest single radio telescope was built; The world's largest gene bank has been put into operation, and other factors such as the decline in oil prices have made the market more difficult, so it is expected that demand will decrease

KOTRA of South Korea said that it is difficult to make profits in the Indian market in the short term, but in the long term, the Indian government is focusing on investment in industry, so explosive growth may occur in the future