Harmonic reducers are widely used in industrial automation fields such as robotics, aerospace, military, and machine tools due to their small size, light weight, high torque, simple structure, compact installation, high transmission ratio, and high transmission accuracy. With the rapid development of industrial automation in China, the demand for harmonic reducers is also increasing significantly, and continues to exceed supply. The market outlook for harmonic reducers is analyzed as follows:

　　Global service robots will continue to maintain high-speed growth

　　The Robot Union predicts that from 2021 to 2023, global service robots will continue to grow. It is expected that the sales volume of personal/household service robots will reach 12.1 billion USD in 2023, and professional service robots will reach 27.7 billion USD.

　　Service robots

　　The domestic robot market has a bright outlook

　　1. The rapid development of emerging technologies promotes and empowers the robotics industry

　　The world is in the process of a new round of technological revolution and industrial transformation, and all countries have listed the development of advanced manufacturing and intelligent manufacturing as a development priority. The integration and development of new generation information technology, new generation communication technology, artificial intelligence and robotics are in their infancy.

　　2. Impact of the COVID-19 pandemic

　　The COVID-19 pandemic has spurred companies to accelerate the implementation of "robot replacement of human labor," leading to a rapid increase in the initiative and demand for automation, digitalization, and intelligence.

　　3. Support from industrial policies

　　Ministry of Industry and Information Technology: Focusing on six key tasks, including the development of new infrastructure such as 5G and intelligent upgrades in manufacturing, actively expanding effective investment, promoting faster investment in major manufacturing projects, and supporting enterprises to strengthen intelligent and service-oriented transformation.

　　Market expectations for Chinese robots in 2021

　　1. Analysis of China's industrial robot industry and market

　　● It is expected that the market will maintain a steady growth trend, with a year-on-year growth rate of single digits based on the high base of this year.

　　● It is expected that the market share of domestic Brands will maintain stable growth, with a year-on-year growth rate basically the same as the overall growth rate.

　　● It is expected that the industry operation will continue to improve: Against the background of stable growth in production and sales, it is expected that the industry's operating income will remain positive in 2021.

　　2. Analysis of China's service robot industry and market

　　● It is expected that the market will maintain a high-speed growth trend.

　　● It is expected that the number of product types will continue to increase, and product application scenarios will become increasingly richer.

　　● It is expected that the industry operation will continue to improve: It is expected that the industry's operating income in 2021 will maintain a high growth rate of over 20%, and the industry's profitability will continue to improve.

　　Service robots

　　Because harmonic reducers are one of the core components of robots, with the support of national industrial policies and the continuous surge in market demand, the overall positive factors for the Chinese robot market are continuously expanding. Therefore, the market prospects for harmonic reducers are promising, and the market size of harmonic reducers in China will show a sustained growth trend.