A comprehensive industry automation solution which can cut a production duration of an Audi car from 10 weeks to two weeks has been reviewed at this year’s CIIF. And the quickest way to introduce this product to the market is by making a studio here.
There is one thing: efficiency. I see that the interest is here from the chinese producers and we have this wonderful opportunity to show our product and already this morning we had a lot of visitors, we can’t do that by our own, knocking on doors. That is almost impssible. It is a wonderful opportunity.
In the next 20 years industry automation will be largely realized in terms of factory automation, and will be extensively applied to China’s pillar industries, like automobile, food production and packaging. Chinese market participants have been catching up quickly in the recent 2 years, crabbing more business opportunities.
In the year 2003 there was quite a big gap between the booths of the international and the Chinese exhibitors. Meanwhile they do have very perfect designs, they do have international staff on their booth, and they are doing very professional promotion for their products.
So far China’s Industry Automation has their market value of over 20 billion Yuan, growing faster than 10% annually. And the domestic industry automation software providers have one third of the market penetration. As a market expanding at a rate of over 20 %