What is the story about?
What's Happening?
RoboBusiness 2025, scheduled for October 15-16 in Santa Clara, California, will feature discussions on strategies to close the robotics gap with China. China has become the third most automated country globally, surpassing the U.S., Germany, and Japan, according to the International Federation of Robotics. The country now holds the largest market for industrial robots, with its share of global installations rising significantly over the past decade. The Chinese government plans to invest $137 billion in robotics and AI over the next 20 years. The event will include a keynote session titled 'Closing the Robotics Gap with China,' featuring experts like Jeff Burnstein, Georg Steiler, and Eric Truebenbach, who will discuss fostering innovation ecosystems and strengthening supply chains.
Why It's Important?
China's rapid advancement in robotics poses a competitive challenge to the U.S. and other regions. The discussions at RoboBusiness aim to explore strategies for fostering innovation and commercialization to compete globally. The U.S. and European stakeholders stand to gain insights into strengthening their robotics industries, potentially leading to increased investments and policy shifts. The event highlights the need for strategic collaboration and innovation to maintain competitiveness in the global robotics market.
What's Next?
The RoboBusiness conference will provide a platform for stakeholders to discuss potential collaborations and strategies to enhance their robotics capabilities. The insights gained could influence future investments and policy decisions in the U.S. and Europe. The event may lead to increased focus on innovation ecosystems and supply chain enhancements, potentially impacting the global robotics landscape.
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