Adaptive Robot Market Size, Segmentation and Opportunity Assessment; 2027

Market Analysis

Market Research Future (MRFR) presumes the global adaptive robot market size to grow at a significant pace from 2020 to 2027 (forecast period). 

Multiple Factors to Boost Market Growth

Robots serve as the primary link between the digital and physical worlds. They have modernized traditional manufacturing processes and assisted industries in increasing their fundamental capabilities. Traditional robots, on the other hand, present some Adaptive Robot Market hurdles, such as expensive installation and maintenance costs, which have limited their acceptability to large organizations only, and non-flexible and stiff robot operation. These constraints are anticipated to be resolved by adaptive robots. Adaptive robots are autonomous machines that can detect their physical surroundings and operate accordingly without the need for human intervention. They are intelligent and networked autonomous machines that can collect IoT data and provide organizations with rapid decisions based on it.

With the advancement of artificial intelligence, robots are evolving from single-purpose machines to multi-purpose adaptive machines. Adaptive robots can play a critical role in industrial applications such as optimizing logistics processes, facility management, customer service & engagement, packaging & assembling of parts, inventory management, and many more by integrating technologies such as vision & sensing, speech recognition, deep learning, and mobility & navigation.

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Rising production costs, increased deployment of Industry 4.0, and substantial investment by key players in adaptive robot research and development are some of the key factors driving the adaptive robot market growth. However, lack of regulations and poor acceptance in discrete production due to increased operational complexity are some main factors predicted to restrain the growth of the Adaptive Robot Market in the future years. Furthermore, the adaptive robot market is confronted with obstacles such as the risk of human safety while interacting with a robot and the notion of an increase in the unemployment ratio following the deployment of a robot.

The adoption of adaptive robots can have a wide-ranging impact on end-user industries. Some of them include automation of the manufacturing process from start to finish, automation of the quality control and testing process, improving supply chain efficiencies, assisting researchers and scientists in understanding biological neural networks, law enforcement and security, natural disaster assistance, and many others.

Market Segmentation

The global adaptive robot market has been segmented into technology, computing location, application, and end-user.

By technology, the global adaptive robot market has been segmented into vision & sensors, learning, perception & speech recognition, and mobility & navigation.

By computing location, the global adaptive robot market has been segmented into on-board and on-cloud.

By application, the global adaptive robot market has been segmented into industrial robots, consumer robots, logistics robots, and service robots.

By end-user, the global adaptive robot market has been segmented into automotive, aerospace, electronics, food & beverage, healthcare, retail, BFSI, travel & transportation, education, and entertainment.

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Regional Analysis

North America to Lead the Global Market

North America leads the adaptive robot market, followed by Europe and Asia-Pacific. According to an IBM Corporation press release, the sale of industrial robots in North America climbed by 11 percent in 2017. The increased deployment of robots by North American industry to perform important functions in the manufacturing process has played a vital influence in establishing North America as a leading market in robotics. In addition, because industries have a strong demand for personal assistance and collaborative robots, the market for adaptive robots has surged in North America.

Key players

Market Research Future has recognized the following key players in adaptive robot market- 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).

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Dynamics

4.1 Market Drivers

4.1.1 Increasing Development In Artificial Intelligence

4.1.2 Rising Cost Of Manufacturing

4.1.3 Rising Technology Of Industry 4.0

4.1.4 High Investment By Key Players In Research & Development Of Adaptive Robots

4.2 Market Restraints

4.2.1 Lack Of Regulations

4.2.2 Low Adoption Of Adaptive Robots In Discrete Manufacturing

4.3 Market Opportunities

4.3.1 Research & Development Of Biological Neural Networks

4.3.2 Natural Disaster Assistance

4.4 Market Challenges

4.4.1 Risk Of Human Safety While Interacting With Robot

4.4.2 Perception Of Increment In Unemployment Ratio After Adoption Of Robots

4.5 Value Chain/Supply Chain Of Adaptive Robots

4.6 Porter’s Five Forces Analysis

4.6.1 Threat Of New Entrants

4.6.2 Bargaining Power Of Buyers

4.6.3 Threat Of Substitutes

4.6.4 Segment Rivalry

4.6.5 Bargaining Power Of Suppliers

5 Market Alerts

5.1 Impact Analysis Of Emerging Technologies

5.2 Use Cases

6 Adaptive Robots Market By Technology

Continued…

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