USD 6.04 Billion
Global Adaptive Robotics Market Size, Share, Growth Analysis, By Application(Handling, Assembling), By Components(Hardware and Software), By End User(Automotive, Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2257 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
91 |
Figures:
70
Global Adaptive Robotics Market Insights
Global Adaptive Robotics Market size was valued at USD 6.04 Billion in 2022 and is poised to grow from USD 7.42 Billion in 2023 to USD 38.64 Billion by 2031, growing at a CAGR of 22.9% in the forecast period (2024-2031).
Growth in collaborative robotics and industrial robotics in various industries such as automotive and medical drives the growth of the global adaptive robotics market. Adaptive robots interact with the environment, and it works accordingly. They can change their approach or business model according to changes in business conditions. Furthermore, the increasing trend of automation in manufacturing to accelerate tasks has increased the demand for flexible robots but robotic systems using robotic end effectors are expensive. Additionally, their installation creates additional costs in the construction industry. In addition, they are more susceptible to damage during heavy duty operations, where they can be expensive to replace or repair. Thus, all these factors act as major restraints for the global adaptive robotics market.
Adaptive robots are advanced robots used to reduce human effort, increase productivity, and make faster decisions. Adaptive robots are intelligent robots that use technology 4.0 technologies such as artificial intelligence (AI) to sense data according to the environment and make appropriate decisions along with the ability to learn from the environment of their surroundings and experience. Requirements can be met based on the feedback. These robots achieve almost human-like intelligence without being programmed explicitly. Moreover, they are used in various industries such as electrical & electronics, pharmaceuticals, rubber, automotive, food & beverage industries.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Software
Growth Rate
22.9% CAGR
Global Adaptive Robotics Market ($ Bn)
Country Share for North America Region (%)
Global Adaptive Robotics Market By Components ($ Bn)
Global Adaptive Robotics Market By Components (%)
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Global Adaptive Robotics Market Segmental Analysis
The global adaptive robotics market is segmented into application, component, end user and region. By application, the market is segregated into handling, assembling, welding, and others. Based on components, the market is segregated into hardware and software. Depending on the end user, the market is fragmented into automotive, electronics, pharma, metal & machinery, and others. From a geographical standpoint, the market is categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Analysis by Components
Hardware components include sensors (such as cameras, lidar, radar, and tactile sensors) that allow the robots to perceive the environment and it is a dominating segment. Like mechanisms and joints, robots are powered by motion sensors. These features are necessary for the robot to be able to sense and interact with its environment. The physical structure of the robot including its chassis, limbs and end effectors falls under the hardware category. Mechanical design is essential for the robot’s flexibility in work environments, so that it can move through and process objects efficiently.
Adaptive robotics relies heavily on advanced control algorithms. Software segment controls the development of algorithms that allow robots to dynamically react to their environment, adjust their speed, and perform tasks efficiently. Adaptation control algorithms are essential for continuous learning and improvement. The software aspects of machine learning and artificial intelligence (AI) are key for flexible robots. These algorithms allow robots to analyze data, learn from experiences, and optimize their actions without explicit planning. Reinforcement learning, deep learning, and other AI techniques contribute to adaptability. The software processes data collected from sensors and interpreted information about the robot’s environment. This includes finding objects, avoiding obstacles, and mapping the environment. The ability to process sensory information in real time is critical for adaptive response.
Analysis by Application
One of the most important roles robots play in manufacturing efficiency is in automating and manipulating materials. This includes picking up, moving and placing items accurately. Controller robots are often used for palletizing, sorting, loading/unloading and other tasks such as logistics, warehousing and manufacturing. Handling robots typically incorporate sensors and sensors to detect and identify objects in their environment. Adaptive essay robots can adjust their grip and manipulation based on the shape, size, and weight of objects. Machine learning and computer vision help improve visualization.
In the assembly segment, robotic transformation plays an important role in the development of assembly systems in the manufacturing industry. These robots can precisely and robustly assemble components, improving quality and manufacturing efficiency. The assembly flexibility of robotic systems is critical to dealing with changes in production and specifications. Adaptive assembly robots can easily reconfigure or change their assembly processes to accommodate different production or customizations. Robots equipped with sensors and vision systems can detect faults or obstructions in the assembly. The flexibility allows these robots to adjust our improvements in real time to ensure that the final product meets quality standards.
Global Adaptive Robotics Market By Components (%), 2023 (%)
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Global Adaptive Robotics Market Regional Insights
North America accounts for the largest share of this market owing to the high demand for personal assistive robots in that region and Asia Pacific is expected to witness the highest growth during the forecast period, a major driver of growth in that region and increased investment by major industrial players and growing government support. Robotics is increasingly being adopted in many applications in China, Japan and South Korea. China has the largest market for industrial robots and Japan is creating the global base for the development of new robots these products also drive growth in this sector.
Asia-Pacific is the leading global adaptive robotics market in the world and China has been the leading global adaptive robotics market in the world for the last five years and held about 36% of the total with 154,032 units in 2022. Industrial robot installations in Japan are up 21%. Robot installation in the US. is up 22% from 2022 with 40, 373 installations. Additionally, South Korea and Germany have 38,000 and 27,000 installations respectively. The growth is driven by the growing demand for variable industrial robots in the electronics and automotive industries across the region. Increasing technological advancements in robotics and automation in the APAC region, coupled with increasing sales of convertible robots are driving the market growth.
Global Adaptive Robotics Market By Geography, 2024-2031
- Largest
- Fastest
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Global Adaptive Robotics Market Dynamics
Drivers
Wide Adoption of Industry 4.0 and Smart Manufacturing
- The advent of Industry 4.0, characterized by the integration of digital technologies into manufacturing processes, is the key driver for the growth of the global adaptive robotics market. Industry 4.0 builds on intelligent technology, data analytics and automation emphasize the implementation of work to maximize efficiency and work products ecosystem. Adaptive robots play a key role in this paradigm, providing advanced features such as artificial intelligence, real-time data analysis and connectivity. These robots are equipped with sensors and actuators to adapt to the changing needs of manufacturers, they are other machines work together, working independently in smart manufacturing environment Flexible robots that can also, in Industry 4.0, help increase agility and responsiveness in production. They can rapidly adapt to changes in industry, product specifications, or environmental conditions, ensuring efficiency and resource utilization.
Increasing demand for Industrial Robots
- Many industries such as manufacturing, construction and healthcare are increasing in demand for industrial robots to perform various tasks. These industries include packaging, consumer goods, exchange and collection. Warehousing, manufacturing, and logistics industries are fueling e-commerce with increasing demand for automatic grippers. They are widely used for moving and warehousing goods. They are essential to process customer orders efficiently and expeditiously.
Restraints
Integration Complexity and Alignment Issues
- One of the major challenges facing the global adaptive robotics market revolves around challenges associated with integration and compatibility. Processes and technological approaches are diverse, and a wide range of existing systems, devices and technologies are available. As businesses seek to integrate revolutionary robotics into their operations, ensuring seamless integration of existing products is a key obstacle Integration challenges arise from the need for robotics fluctuations are associated with sensors, control systems and communication systems. Achieving interfaces between robots and manufacturing power, such as CNC machines or conveyor systems, requires careful planning and often involves custom solutions. These challenges are compounded by the lack of communication and communication infrastructure therefore standardized throughout the industry, causing manufacturers to make their It is difficult to accept adaptive robots without appropriate changes in the current system.
Costs and Benefits of Investment Information
- While the benefits of revolutionary robotics in terms of increased productivity, accuracy and flexibility are clear, the initial cost of procurement and implementation can be a significant challenge for organizational. Technology moves the face of flexible robotics, including artificial intelligence, sensors and adaptive control systems. Economic constraints may hold back some manufacturers, especially smaller companies with few branches.
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Global Adaptive Robotics Market Competitive Landscape
The competitive environment of the Global Adaptive Robotics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
- Soft Robotics, Inc.
- Boston Dynamics
- ROBOTIQ
- Rethink Robotics
- KUKA
- Yaskawa America, Inc
- Aethon Inc
- Mabi-Robotic
- Epson America, Inc
- ANKI
- iRobot Corporation
- ABB Ltd
- Intuitive Surgical, Inc.
- Northrop Grumman Corporation
Recent Developments
- In 2022, the United Kingdom buys Briar Chemicals, a chemical company based in India. The acquisition of Briar will help expand the business across all sectors. Cefex would now become a global partner in the agrochemical business. Since ammonium carbonate is also used in fertilizer this acquisition applies to ammonium carbonate on January 23, 2023. Aromatic salts, one of the ammonium carbonate products, have been used many times in the sports industry especially in the balls for weights Salt increases mood, also opens the respiratory system.
- In 2021, Boston Dynamics announced the release of a new robot named Stretch. The robot aims to automate warehouse and box distribution operations.
Global Adaptive Robotics Key Market Trends
Specific Engineering and Manufacturing Quality
- The dynamic industrial environment has placed greater emphasis on precision manufacturing, product optimization, and process flexibility. Revolutionary robots are leading the way in meeting this demand with robotics a versatile programmable arm that can perform multiple tasks precisely with advanced sensors and adaptive capabilities and when equipped, this robot can navigate tight spaces, completing complex tasks accuracy, and adjust their speed based on real-time data analysis. This accuracy is critical in industries where product quality, accuracy and speed are paramount. Revolutionary robots help reduce manufacturing errors, reduce waste, and accelerate manufacturing processes, ultimately increasing overall productivity.
Global Adaptive Robotics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The variable robot market CAGR is driven by the increasing demand for automation across industries. Flexible robots are designed to work together with humans and can perform a variety of tasks, including assembly, sorting and analysis. These robots can adapt to their environment and perform tasks that would be too dangerous or difficult for humans. They help companies increase productivity, reduce labor costs, and improve productivity. The automotive industry has extensively used customizable robots to streamline processes and eliminate human error. Switching robots are used in a wide range of automotive applications, including welding, painting and assembly. The increasing importance of conversion robots in the automotive industry is driving the global adaptive robotics market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.04 Billion |
| Market size value in 2031 | USD 38.64 Billion |
| Growth Rate | 22.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Adaptive Robotics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Adaptive Robotics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Adaptive Robotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Adaptive Robotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Adaptive Robotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Adaptive Robotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Adaptive Robotics Market Report Snapshots
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