Adaptive Robot Market Research Report - Global Forecast till 2027

Adaptive Robot Market Research, By Application (Industrial Robot, Service Robot), By Technology (Navigation, Vision & Sensors, Speech Recognition), by End-User (Entertainment, Automotive, BFSI, Healthcare, Retail) — Forecast till 2027

ID: MRFR/SEM/5575-HCR | February 2023 | Region: Global | 100 Pages         

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Adaptive Robot Market

The Adaptive Robot Market 2020 reveals different factors that are likely to prompt the expansion of the market.

By technology learning perception & speech recognition vision & sensors and mobility & navigation
By computing location on-board on-cloud
By application logistics robot consumer robot industrial robot service robot
By end-user education food & beverage aerospace electronics automotive travel & transportation healthcare retail BFSI entertainment
Key Players
Companies Profiled   Fanuc (Japan)    KUKA AG (Germany)    Rethink Robotics (U.S)    Siléane (France)    iRobot Corporation (U.S)    Robert Bosch GmbH (Germany)    Yaskawa Motoman (U.S)    Huawei Technologies Co. Ltd. (China)    Google    Inc. (U.S)    and Toyota Motor Corporation (Japan)
Market Driving Forces   Rising cost of manufacturing rising deployment of industry 4.0 high investment by key players in research & development of adaptive robot
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Adaptive Robot Market Overview

The Adaptive Robot Market is acquired to reach a substantial CAGR value and significant value during the forecast period by 2027.

An adaptive robot is a connection based on the digital and physical world. Adaptive robot technologies are using modern and advanced technology to expand the capabilities of the market. The increased rate of applications of industrial robots in different industrial verticals is driving the Adaptive Robot Market growth.

The automotive and medical sectors adopt adaptive robots for various operational work as these robots have multiple features such as interaction with surroundings for operation. It can also change the direction according to the direction or working condition. The growth of automation in the manufacturing sector for reliable and faster service increases the demand for the market.

The increased rate of artificial intelligence development in the verticals sets vast opportunities. Technological advancements for sensing, speech recognition, and deep learning associated with mobility and navigation are beneficial for industrial purposes. The operational process includes optimising logistics, facility management, and customer engagement. These processes are enhancing the Adaptive Robot Market size. The development and improvements of the market's key players for research activities bring opportunities for the market.

COVID 19 Analysis

The upsurge of COVID brought a downfall in the market during the market forecast period. COVID has resulted in creating a lockdown scenario by the government which has safeguarded the people so present throughout the world. Moreover, the traveling units have experienced shutdown where transmission of the virus is being avoided. After the recovery of COVID, the technology of robots will gain prosperity in the upcoming years. Supply chain analysis of the industrial verticals was disrupted. Manufacturing and healthcare units adopted robots to work in a certain place which minimized the impact of COVID on it. Production units faced difficulties in manufacturing during this situation.

Market Dynamics

  • Drivers

With the rise in Development of the demand for artificial intelligence where the robot is now transforming single-purpose equipment to multi-purpose equipment. The rise in technological development like vision along with sensing, recognition of speech, learning deeply along with mobility and navigation, lead to the development of industrial purposes which includes processing the optimizing logistics, management of facility, service, and engagement by customers, assembling along with the packaging of robot parts, management of inventory purposes, and many more helps in driving up the Adaptive Robot Market size.

  • Opportunities

Increase in costs of manufacturing processes, with the rise in deployment of the adaptive robot industry along with high sums by certain robot key players along with a change in research and development of the Adaptive Robot Market, are the main opportunities that raise the market growth. Due to the lack of regulations, and the decrease in the adoption of the discrete manufacturing units where it rises, the complexity of operations are some of the factors that raise the opportunities. The need for automation and safety of the organization raises the availability and affordability of production of energy-efficient adaptive robots which raises the Adaptive Robot Market size. An increase in labor along with the energy costs upsurges the rise of robotic technology across different industrial verticals.

  • Challenges

The risk associated with human safety where it interacts with the robots along with the rise in unemployment factors where it adopts different robotic technologies which act as a challenging factor for the Adaptive Robot Market.

  • Restraints

Increase in the initial cost of the manufacturing of the robots along with the lack of awareness spread along the Adaptive Robots deteriorates the market size.

Market Segmentation

  • By Type

Adopting adaptive robots influences the end-user sectors in some other ways. It includes automating the manufacturing process from the initial stage to the finished one, automation of quality control market system, it also involves the testing process, using the improvised efficiency of the adaptive robot technology, it helps the researchers along with the scientists for having a better understanding about the biological neural connection, its law and enforcement along with the security, assistance towards the natural disaster and many more. Globally, the adaptive adaptive robot industry is being classified into the application, technological encroachment, location dealing with computing services, applications, segments of end-users, and based on region. Based on technology, the adoption of the Adaptive Robot Market is being divided into vision and sensors, perception towards learning, recognition of speech, along mobility and navigation. Based on computing location, the industry is being classified on board and the cloud. Based on application, the Adaptive Robot Market is being segmented into industrial and consumer robots, logistics along service robots. As per the end-user segment, the market is being classified into automotive, aerospace, electronic sector, food and beverage units, healthcare units, retail units, entertainment segment, travel and transportation units, BFSI units, and education units. Based on region, the industry is being divided into the North American region, some of the European region, Asia Pacific, and some regions in the rest of the world. The hardware segment occupies a phenomenal Adaptive Robot Market share during the market forecast period. It has been found that the adaptive robot industry enhances the efficiency of robotic applications. Here the service robot segment rises at a significant rate which owes to the adoption of certain market services which raises the competitive analysis of the market. Based on the component, the market is being classified into hardware, software, and certain services. As per the robot type, the adaptive robot industry is being classified into traditional, industrial, professional services, and many others. Here the application segments include manufacturing units, healthcare sectors, aerospace, defense sectors, media, entertainment segment, and logistics units.

  • By Technology

The advancement of technology led to the development and production of certain robots which dealt with the replication of human activities. Here the technology helped in the enhancement of certain performance of the organization dealing with robotic activities. It produces good and better outcomes. Here the technology helped in spreading its applications through a wide range of areas majorly dealing with the verticals of industrial Adaptive Robot Market growth. It produced certain growth in healthcare, domestic, agricultural, and manufacturing sectors.

Regional Analysis

From the MRFR report analysis, it has been found that the report covers some of the regions of the United Kingdom, the United States, Mexican region, some of the Canadian region, Germany, France, some regions of Spain, Italy, some of the European region, Japan, Indian regions, Chinese region South Korean region, along with Taiwan and some regions of the Asia Pacific region. It also includes the Middle East region, African, and some of the Latin American regions. It has been found that North American has found to be the most dominant market in every robotic segment. The North American region covers the industrial sake of the robots by covering 11% of the raised Adaptive Robot Market share during the market forecast period. The rise in deployment activities by robots in the North American region, carry out certain tasks during the process of manufacturing. This has helped in making the North American market a better place for manufacturing robots. The rise in demand for personal assistance along with the collaborative technology performed by industries increases the demand in the North American region.Recent Development

April 2022

Flexiv, a general-purpose robotics company leader, displayed its cutting-edge robotic automation solutions at the ATX West expo in Anaheim, CA, from the 12th to the 14th of April 2022. ATX West is the largest automation technology event for both the suppliers and buyers for the discovery of innovation, engineering new technology, and building a better lifestyle.

April 2022

Unitree Robotics, an Hangzhou-based manufacturer of quadruped robots, recently announced the completion of B-round financing of several hundred million yuan. Matrix Partners and Dunhong Capital Management lead this further by Hexagon AB, Shunwei Capital, Win real Investment, Shenzhen Capital Group Co., Ltd., and Winsoul Capital.

Competitive Landscape

As per the MRFR analysis, it has been found that the adaptive robot market key players include Fanuc of Japan, Toyota Motor Corporation of Japan, KUKA AG of Germany, Google Inc. of the United States, Rethink Robotics of the United States, Huawei Technologies of China, Dilwale of France, Yaskawa Motown of the United States, iRobot Corporation of the United States, Robot Bosch GmbH of Germany and many more. These key players have taken into account certain strategies that have helped in the expansion of the market along with the penetration of various marketing segments. These key players put forward certain plans where it strengthens the market positions.

Report Overview

From the Adaptive Robot Market analysis, it has been found that it focuses on various prospects, certain restraining factors inhibiting the growth, along certain Adaptive Robot Market trends taking place in the market. The study also analyzes Porter’s five forces and the SWOT analysis is carried out in the market. The report analyzes the competitive intensity of the various other market players operating in the market. It summarizes the threat associated with new entrants, risks associated with the substitutes, and bargaining power of the Adaptive Robot Market key players. The report summarizes the impact of COVID on the whole of the world. It even symbolizes the market growth taking place along with the market segmentation occurring in the market.

Report Scope:

Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Technology, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Fanuc (Japan), KUKA AG (Germany), Rethink Robotics (U.S), Siléane (France), iRobot Corporation (U.S), Robert Bosch GmbH (Germany), Yaskawa Motoman (U.S), Huawei Technologies Co. Ltd. (China), Google, Inc. (U.S), and Toyota Motor Corporation (Japan)
  Key Market Opportunities   With integration of technologies such as vision & sensing, speech recognition, deep learning and mobility & navigation, adaptive robot can play a crucial role in industrial applications.
  Key Market Drivers

  • Rising cost of manufacturing
  • rising deployment of industry 4.0
  • high investment by key players in research & development of adaptive robot

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    Frequently Asked Questions (FAQ) :

    The intensifying improvement in artificial intelligence is expected to broaden the scope for improvement in the upcoming period.

    End-user, computing location, technology, application, and region are segments that permit a better study of the market on a global scale.

    The surge in the deployment of robots in the regions is expected to place the North American region at the pole position in the market.

    Yaskawa Motoman (U.S), iRobot Corporation (U.S), Robert Bosch GmbH (Germany), Google, Inc. (U.S), and Huawei Technologies Co. Ltd. (China) are the market competitors.

    The income creation capability of the market is expected to rise with developments within the market.