Global Adaptive Robot Market Size By Type (Industrial Robots, Consumer Robots), By End-User (Retail And Manufacturing, Banking), By Computing Location (On Board, On Cloud), By Geographic Scope And Forecast

Adaptive Robot Market Size And Forecast

Adaptive Robot Market size was valued at USD 6.04 Billion in 2021 and is projected to reach USD 46.92 Billion by 2030, growing at a CAGR of 22.9% from 2022 to 2030.

The market is expected to show the highest growth in the forecasted years, various industries are establishing adaptive robots to solve their operations and increase the efficiency of the operations. The Global Adaptive Robot Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Adaptive Robot Market Definition

Adaptive Robots are known to be the third generation of robots with an integrated technology, adaptive Robots are proficient in adapting to a dynamic environment and are capable to perform various complicated activities with minimum errors and high precision. These Robots use artificial intelligence and have the ability to perform tasks by making their own decision similar to humans. Integrated technologies are involved in speech recognition, vision, deep learning and up gradation in artificial intelligence has boosted the growth of the Adaptive Robot Market. They expand their ability on the basis of input information and gain basically human-like knowledge without being custom-made.

Global Adaptive Robot Market Overview

The characteristics of Adaptive Robots to increase the operational efficiency, which helps to lower the operational cost of the company is a major factor contributing to the growth of the Adaptive Robot Market furthermore rise in the adoption of the Internet of Things (IoT) has brought attention to the need to adapt Adaptive Robot instead of traditional ones. Less number of skilled workers is also an important factor driving the growth of this market and increasing research and development investments in machine learning is also contributing to the growth of this market.

Moreover, the modification of single-purpose machines into the multi-purpose adaptive machine and their use in industries like logistic processes, inventory management customer service, and packaging and assembly accelerate the growth of the Adaptive Robot Market. However, Adaptive Robots have a high-grade sensors for vision and sensing technology, these sensors are costly which in turn increases the production cost, and the high cost involved in the installation of Adaptive Robots is restricting the growth of this market. The major threat to this is cyber security as AI and ML are integral parts of the Adaptive Robot, this also hinders the growth of the Adaptive Robot Market.

Global Adaptive Robot MarketSegmentation Analysis

The Global Adaptive Robot Market is Segmented on the basis of Type, End-User, Computing Location, and Geography.

Adaptive Robot Market, By Type

• Industrial Robots• Consumer Robots• Logistics Robots• Service Robots• Swarm Robots

Based on Type, the market is segmented into Industrial Robots, Consumer Robots, Logistics Robots, Service Robots, and Swarm Robots. Services Robots are expected to account for the highest market share in the forecasted period due to their ability to perform useful tasks for humans. A humanoid robot “Asimo” has been developed by Honda to help elderly people to get food or to turn off their lights. Increasing demand for robots in health and defense due to the lack of skilled workers has contributed to the growth of the Adaptive Robot Market.

Adaptive Robot Market, By End-User

• Retail and Manufacturing• Banking• Healthcare• Travel and Transportation• Construction• Logistics

Based on End-User, the market is segmented into Retail and Manufacturing, Banking, Healthcare, Travel and Transportation, Construction, and Logistics. The logistics segment is expected to have a major contribution due to improved productivity and accuracy by using robots in the warehouse, for the improvement of the supply chain logistics companies has started using robots.

Adaptive Robot Market, By Computing Location

• On board• On cloud

Based on Computing Location, the market is segmented into On board and On cloud. The Cloud Computing development for adaptive robots is estimated to improve the growth of this market.

Adaptive Robot Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Adaptive Robot Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest share of this market due to the high demand for personal assistant robots in that region and the Asia Pacific region is expected to show the highest growth in the forecasted period, the primary factor driving the growth in this region is increasing investments by major industrial players and rising government support. Acceptance of robotics in China, Japan, and South Korea is rising in several applications. China holds the largest market for industrial robotics and Japan is developing a global base for robot innovation these factors are also responsible for the growth in this region.

Key Players

The “Global Adaptive Robot Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are iRobot, SoftBank Group, Rethink Robotics, Giraff Technologies, Robotiq, Universal Robots, HONDA, PaR Systems, Teledyne SeaBotix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• February 2019 – Auris Health has acquired Johnson, Johnson is into the technology of surgical robots. This acquisition is approximately 3.5 billion.

• April 2019 –Yaskawa which is a Japanese technology group has opened its new robot production facility with the European robotics department.

• November 2018 –SoftBank Robotics and Brain Corporation together announced a commercial robot vacuum in Japan and it is specially designed to be utilized in offices and retail spaces.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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