GITNUX MARKETDATA REPORT 2024

Ai In The China Industry Statistics

The use of AI in the China industry is expected to increase rapidly, leading to improved efficiency and productivity across various sectors.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the thriving landscape of AI in the Chinese industry, backed by a plethora of compelling statistics. From exponential market forecasts to notable investments and ambitious growth plans, China has firmly established itself as a global powerhouse in the realm of artificial intelligence. Join us as we delve into the unprecedented growth and potential of AI technology within China’s dynamic market.

Statistic 1

"AI in China has a potential market forecast of more than 11.9 billion U.S. dollars by 2023."

Statistic 2

"By 2024, AI spending in the retail sector in China is forecasted to reach approximately 2 billion U.S. dollars."

Statistic 3

"About 2/3 of Chinese enterprises used AI in 2020."

Statistic 4

"It is estimated that by 2025, 21.7% of digital medical consulting in China will be performed using AI."

Statistic 5

"China will achieve 26.1% of the AI market share worldwide by 2024."

Statistic 6

"More than 15,000 companies in China are focused on AI research and application as of 2020."

Statistic 7

"Chinese AI startups received roughly 60% of all global AI private investment in 2017."

Statistic 8

"Over half of the world's total 1,028 AI companies are based in China."

Statistic 9

"Chinese AI manufacturing applications are expected to hit a 67% adoption rate by 2025."

Statistic 10

"By 2030, China plans to grow its AI core industry to over 147.8 U.S. billion dollars."

Statistic 11

"China wants AI to dominate in all basic research domains reaching 40% by 2030."

Statistic 12

"Cloud AI services market in China is estimated to exceed 7 billion U.S. dollars by 2023."

Statistic 13

"China's AI market was estimated at 6.9 billion dollars in 2020, an increase of 22.7 % from the previous year."

Statistic 14

"85% of Chinese consumers favor AI-generated personalized content."

Statistic 15

"The AI industry of China grew by 113% in 2020."

Statistic 16

"Currently, China is leading the world in the number of AI patents, accounting for about 300,000 AI patents."

Statistic 17

"By 2030, AI technologies are predicted to increase China's GDP by 26%, or $7 trillion."

Statistic 18

"As of 2020, China has built 220 Fortune Global 500 AI labs, occupying 50% of the world's total."

Statistic 19

"AI is predicted to provide 38% job opportunities in China by 2030."

In conclusion, the statistics presented indicate a significant and ongoing growth of the AI industry in China, with projections showing a substantial increase in market size, investment, adoption rates, and impact on various sectors of the economy. China’s strategic focus on AI development is evident through the high number of companies, patents, research labs, and planned investments in the field. The data point towards a future where AI plays a dominant role in China’s economic landscape, driving innovation, productivity, and job creation.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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