Frost & Sullivan Frost & Sullivan China successfully listed on the main board of the Hong Kong capital market on May 18, 2026. The company is an industrial robot technology enterprise established in 2012, with its headquarters located in Taizhou, Zhejiang Province, China. Frost & Sullivan provided exclusive industry consulting services for the listing of Zhejiang Yifei Intelligent Technology Co., Ltd., and we extend our warm congratulations on this successful listing.
Frost & Sullivan China Frost & Sullivan China"Yifei Technology" Frost & Sullivan China
During the Hong Kong listing process, Frost & Sullivan performed the following key tasks: helping the issuer accurately and objectively understand its position in the target market, using objective market data to identify, support, and highlight the issuer’s competitive advantages, assisting the issuer, investment banks, and other intermediaries in drafting important sections of the prospectus such as overview, competitive advantages and strategy, industry overview, and business sections, and helping the issuer communicate with the Stock Exchange and investors to enable investors to quickly understand the market ecosystem and competitive landscape, as well as providing feedback on various industry-related issues from the Stock Exchange to the issuer.
Frost & Sullivan has always been a leader in helping companies list on the Hong Kong stock market. According toLiveReport Big Data (statistical data as of March 31, 2026), over the past 36 months and 12 months, and from January to March 2026, Frost & Sullivan provided listing industry consulting services for 195, 101, and 30 Hong Kong IPO listings respectively, ranking first in terms of number of engagements, and possessing rich industry experience and communication skills with regulatory authorities, exchanges, investment institutions, and related organizations.
Part.01
Investment Highlights
· The company is the fourth-largest domestic provider of industrial robots and related robot solutions focused on light industrial applications in China;
· It is one of the few robot companies in China with the ability to cover large-scale industrial robots and related solutions;
· The company has strong independent research and development capabilities and extensive technical reserves;
· The company offers a comprehensive, flexible, and scalable robot product portfolio;
· The company has a strong customer base and a wide network of delivery and service providers, including well-known industry leaders.
Part.02
Overview of the Industrial Robot and Solutions Market
Industrial robots are programmable, automatically controlled, and reconfigurable machines used to perform tasks accurately and efficiently in manufacturing and other industries. Based on product type, industrial robots can be divided into parallel robots, industrial mobile robots, multi-joint robots, collaborative robots, etc. Industrial robots belong to a subset of the broader robot and automation market. The entire robot and automation market covers multiple cutting-edge areas, including robots, automation systems, and related enabling technologies. This includes not only the research and development and production of various robots (such as industrial robots, service robots, and special robots) but also the provision of key components and core technologies required for robots, such as embodied intelligence systems, core controllers, and precision transmission systems. In addition, it also includes robot system integration and the provision of overall solutions. The technological evolution in the industrial robot industry is accelerating, driven by the integration of artificial intelligence and the Internet of Things, shifting from decades-long phases to shorter5–10 years of iteration. Its nature has changed from rigid, pre-programmed automation to adaptive, intelligent systems with sensor-based perception, collaborative autonomy, and cloud-edge integration, enabling extensive applications beyond manufacturing.
By revenue, the Chinese industrial robot market grew from RMB 37.9 billion in 2021 to RMB 67.3 billion in 2025, with a compound annual growth rate of 15.4%. With continuous expansion of downstream application scenarios and market demand, the market size is expected to reach RMB 147.2 billion by 2030, with a compound annual growth rate of 17.2 from 2026 to 2030.
Source: Frost & Sullivan Report
Driven by increased demand for manufacturing process automation, rising labor costs, and technological progress, the Chinese industrial robot solution market increased from RMB 117.5 billion in 2021 to RMB 235.6 billion in 2025, with a compound annual growth rate of 19.0%. As more industries adopt integrated robot solutions to improve efficiency, accuracy, and production, the market is expected to continue growing strongly. The Chinese industrial robot solution market is expected to reach RMB 588.8 billion by 2030, with a compound annual growth rate of 20.3 from 2026 to 2030.
Source: Frost & Sullivan Report
Promoted by automation upgrades and support policies for smart manufacturing, the Chinese light industrial robot market is expanding rapidly. By revenue, the Chinese light industrial robot market grew from RMB 14.3 billion in 2021 to RMB 24.6 billion in 2025, with a compound annual growth rate of 14.5%. As more industries seek automation to improve efficiency and accuracy, the Chinese light industrial robot market is expected to continue growing. The market is expected to reach RMB 53.1 billion by 2030, with a compound annual growth rate of 17.0 from 2026 to 2030.
Source: Frost & Sullivan Report
By revenue, the Chinese light industrial robot solution market grew fromRMB 44.3 billion in 2021 to RMB 86.1 billion in 2025, with a compound annual growth rate of 18.0%. With increasing adoption of automation in downstream industries and growing demand for smart manufacturing, the Chinese light industrial robot solution market is expected to reach RMB 212.6 billion by 2030, with a compound annual growth rate of 20.2 from 2026 to 2030.
Source: Frost & Sullivan Report
Part.03
Market Drivers and Trends in the Industrial Robot and Solutions Market
Increasing Labor Costs and Labor Shortages
Raising labor costs, combined with aging population and labor shortage, has led manufacturers to prioritize automation.By 2025, the proportion of people aged 65 and above in China will reach 15.7%, significantly higher than the global average of 11.8% in 2025. Industrial robots and solutions can help mitigate these challenges by providing consistent operational efficiency, reducing reliance on error-prone manual labor, and enhancing safety in repetitive or high-risk environments. This shift is particularly evident in regions where wages are rising rapidly, where the adoption of robot systems has accelerated due to population constraints. In addition to cost savings, automation can address skill gaps in advanced manufacturing processes, ensuring sustained productivity despite changes in labor dynamics.
Technological Progress of Core Components
Innovations in precision reducers, high-torque servo motors, and AI-enhanced controllers are redefining robot capabilities. Domestic suppliers have made breakthroughs in motion control algorithms and adaptive sensing systems, enabling robots to perform complex tasks with micron-level accuracy. Modular design and open-source software platforms further reduce integration barriers, allowing niche applications to be customized. This technological maturity reduces dependence on imports, enhances durability, and enables cross-industry scalability from mass automotive production to ultra-cleanroom semiconductor manufacturing. As technological capabilities continue to advance, domestic manufacturers become more capable of competing in high-end markets.
Integration of Artificial Intelligence and Automation Technologies
Next-generation robots and solutions will utilize embedded artificial intelligence for context-aware decision-making, allowing real-time process adjustments without human intervention. Machine learning algorithms will optimize energy consumption and predictive maintenance plans, while joint learning systems will enable knowledge sharing among multiple robots across factories. Vision-based autonomous navigation and tactile feedback mechanisms will expand deployment in unstructured environments. Generative artificial intelligence-driven natural language interfaces will make programming accessible to technicians, allowing them to guide robots through dialogue commands.
Modular and Lightweight Design Innovations
Emerging reconfigurable robot architectures will support rapid hardware replacement, enabling task-specific adaptation, such as switching between fixtures for material processing and laser tools for welding. Advances in carbon fiber composite materials and additive manufacturing will produce lighter yet stronger controllers, improving energy efficiency and payload weight ratio. These innovations will promote mixed workstations, allowing compact robots to operate alongside humans in confined spaces, benefiting companies requiring multi-functional automation. Enhanced mobility will also drive applications in construction and agriculture through robust mobile platforms.
Part.04
Competitive Landscape in the Industrial Robot and Solutions Market
In the Chinese industrial robot and solutions market, foreign companies initially took the lead. In recent years, domestic companies have emerged and grown rapidly, offering competitive pricing, quick response, and localized service capabilities. The market share of domestic companies continues to increase, and domestic substitution has become the main trend in the industrial robot and solutions market.
By revenue, Yifei Technology ranks fourth among the five major domestic light industrial robot and solutions providers in the Chinese market, with a market share of 1.4%.
Source: Publicly available materials of listed companies, Frost & Sullivan Report
