What is the status of the servo motor industry?

According to RIC data, the global servo system market size in 2017 was 11.83 billion US dollars, and my country’s servo market accounted for about 10% of the world, while the global added value of manufacturing industry accounted for 26.2%. There is a lot of room to grow.
We predict that the CAGR of the domestic servo industry will be 10% in the next three years, and the market size will exceed 10 billion yuan by 2020. At present, the main suppliers of servo systems in China’s domestic market are still dominated by foreign-funded enterprises, of which Japanese brands account for about 50%, mainly Panasonic, Yaskawa and Mitsubishi, and mainland brands account for about 10% of the market share, of which Inovance 5%.