Global Adaptive Robot Market, By Technology (Vision and Sensors, Learning, Perception and Speech Recognition and Mobility and Navigation), Computing Location (On-Board, On-Cloud), Application (Industrial Robot, Service Robot), End-User (Entertainment, Automotive, BFSI, Healthcare, Retail), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The adaptive robot market is expected to witness market growth at a 27.10% in the forecast period of 2021 to 2028 and is expected to reach USD 28,345.20 billion by 2028. Data Bridge Market Research report on adaptive robot market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The large acceptance of robotics across the globe is escalating the growth of adaptive robot market.
Adaptive robots refer to the third generation of robots. These are integrated with more technology that makes them adapt to their environment. These robots are autonomous physical machines which are capable of sensing and acting on their environment with no human intervention. The adaptive robots are known to be more precise and able to complete tasks faster. Adaptive robots are safer and more efficient.
The integration of technologies such as vision and sensing, speech recognition and deep learning and mobility and navigation and increasing development in artificial intelligence are the major factors driving the adaptive robot market. The transformation from single-purpose machines into multi-purpose adaptive machines and their use in industrial applications such as optimizing logistics process, facility management, customer service and engagement, logistics process, inventory management and packaging and assembling of parts among others accelerate the adaptive robot market growth. The utilization of the technology for automation of manufacturing process from start to finish, improvising supply chain efficiencies, understanding biological neural networks and automation of quality control and testing process influences the adaptive robot market. Additionally, rising cost of manufacturing, increasing number of research and development and surge in investment positively affect the adaptive robot market. Furthermore, rising deployment of industry 4.0 extend profitable opportunities to the adaptive robot market players in the forecast period of 2021 to 2028.
On the other hand, lack of regulations and low adoption in discrete manufacturing as it can increase the operational complexity are the factors expected to obstruct the adaptive robot market growth. The rise in the concerns regarding risk of human safety while interacting with robot and perception of increment in unemployment ratio after adoption of robot are projected to challenge the adaptive robot market in the forecast period of 2021 to 2028.
This adaptive robot market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on adaptive robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Adaptive Robot Market Scope and Market Size
- The adaptive robot market is segmented on the basis of technology, computing location, application and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the adaptive robot market is segmented into vision and sensors, learning, perception and speech recognition and mobility and navigation.
- On the basis of computing location, the adaptive robot market is segmented into on-board and on-cloud.
- On the basis of application, the adaptive robot market is segmented into industrial robot and service robot.
- On the basis of end-user, the adaptive robot market is segmented into entertainment, automotive, BFSI, healthcare and retail.
Global Adaptive Robot Market Country Level Analysis
The adaptive robot market is analyzed and market size, volume information is provided by country, technology, computing location, application and end-user as referenced above.
The countries covered in the global adaptive robot market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the adaptive robot market because of the increasing deployment of robot by industries and high demand for personal assistance and collaborative robot by industries in the region. Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2021 to 2028 because of the heavy investment in building fully automated manufacturing base in order to increase the production with efficiency, innovating robotics research and development and increase the adoption of robots among SMEs along with large enterprises.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Adaptive Robot Market Share Analysis
The adaptive robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to adaptive robot market.
The major players covered in the adaptive robot market report are Robotiq, Soft Robotics, Rethink Robotics, MABI Robotic AG, KUKA AG, Yaskawa America, Inc., Epson America, Inc., Boston Dynamics, Anki, Aethon, FANUC, SILÉANE, iRobot Corporation, Robert Bosch GmbH, Huawei Technologies Co., Ltd., Google, TOYOTA MOTOR CORPORATION, TelepresenceRobots, HONDA, Teledyne SeaBotix among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.