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Press Release 2017-07-11
As we are ushering in an era of aging society, the gap between the demands for and supplies of products, infrastructure and professionals in the market of elderly care is getting worse. Fortunately, service robots come to the rescue immediately and they are well-received by the market and soon recognized as a new favorite of the industry. It is expected that the coming five years will see a bright future of service robot industry with a compound annual growth rate of up to 40% with a huge market potential. In recent two years, China’s polices are also paving a smooth way for the its development, which have already motivated many giant investors including Baidu, Alibaba, Vanke, Midea, Haier and others, all eager to get a good market share.
To keep up with current trends and showcase the latest research results and their applications in the field of smart elderly care, the 4th China International Silver Industry Exhibition is to create a Featured Area of Service Robots, which has won huge support from a number of authoritative organizations in Taiwan and Hongkong such as Taiwan Automation Intelligence and Robotics Association,Robot Institution of Hongkong, Hongkong Commission of Service Robots Application and Management, and Hongkong Elderly Commission. Last month we introduced the Featured Area of Service Robots to the public for the first time at Taiwan Promotion Conference of 4th SIC and unsurprisingly caught the attention of about 30 enterprises who shared a positive view about Chinese market.
This Area will bring together innovative products, technologies and solutions concerning care-giving, rehabilitation, assistance and medical robots and display them at this comprehensive platform of SIC which also offers on-site experience to visitors. Companies like Amy Robotics, Syxrobot, Smart Dynamics and Guardian have shown strong intention of attending this session since the Area is unveiled. We believe its debut will attract more companies to come and set a new trend for the market, helping facilitate the industry’s scaling-up process.