Adaptive Robotics Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM1834 | Last Updated On: Jun 15 2022 | Available Formats

> Global Adaptive Robotics Market Expected to reach at a high CAGR of 27.20% by 2029: DataM Intelligence

Global Adaptive Robotics Market is segmented By Application (Industrial Robots, Industrial Robots, Consumer Robots, Service Robots, Logistics Robots, Swarm Robots), By End User (Retail & Manufacturing, Banking, Healthcare, Travel & Transportation, Construction, Logistics, and others), By Component (Sensors, Control Systems, Actuators, Control Systems, and others), By Sales Channel (Distribution Channel, Direct Channel), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The Global "Adaptive Robotics Market" is expected to grow at a high CAGR of 27.20% during the forecasting period (2022-2029).

Adaptive robotics acceptance is increasing worldwide and integrated with other emerging technologies, and amplifying the benefits. Integrating technologies like Voice recognition and 3D vision will allow adaptive robots to give the best results and function more autonomously. Furthermore, adaptive robots can access, control, and collect diverse IoT data sets and make complex decisions autonomously. Companies across the world already recognize the value of adaptive robotics. For instance, General Electric Lighting uses adaptive robots in its Hendersonville, NC plant to build high-volume roadway light fixtures and increase productivity. In addition to manufacturing and construction, customer-facing industries like retail, banking, and travel will be adopters of adaptive robots.

Google filed a patent outlining a robot that changes personalities based on circumstance and a wide variety of user information. Google also outlined a series of robots used in warehouses and a system for controlling how quickly they move and accelerate to ensure that these bots can safely load cargo.

Market Dynamics

Speech recognition, vision, sensing, and acting based on various IoT data types are the prominent technologies used in adaptive robotics paralleled with traditional robotics. Usage of artificial intelligence, behavioral sciences, and communication & multimedia design in adaptive robotics play a crucial role in expanding adaptive robotics in various applications. Furthermore, increasing technological advancements, rising R&D investments in artificial intelligence & robotics, and growing adoption of IoT & industry 4.0 are the key drivers impacting the market in the estimated period.

Rising R&D investments in artificial intelligence and robotics are the key driver for the growth of the market worldwide. Economies are focusing on investing in technologies for strengthening their testing and experimentation facilities in the robotics industry. For instance, Europe has allocated USD 2.78 billion for artificial intelligence to facilitate safe access and storage of data and algorithms. Robotics companies have raised more than USD 15.6 billion during the first half of 2019. According to the robotics investments tracked and verified by The Robot Report, more than USD 2.6 billion has been raised on average per month. For instance, In February 2019, Horizon robotics has invested USD 600 million in Ai and IoT. Adding to this, In March 2019, Think surgical has invested USD 134 million in surgical robotics.

Safety issues, difficulty designing, and huge capital investment are the major restraints hampering the market's growth globally. High initial infrastructural investment and maintenance costs are associated with adaptive robots. Adaptive robots come in various sizes and have collision detection capabilities. Increased human-robot interaction raises the risk of human injury. Many organizations may not let humans and robots share the

same workspace. This limits the potentiality of the adaptive robot used in many scenarios where humans' presence is imperative. Robots in the workplace are viewed negatively as a technology that is going to reduce job opportunities.

Market Segmentation

Based on the end-user, the global adaptive robotics market is segmented into retail & manufacturing, banking, healthcare, travel & transportation, construction, logistics, others. The global logistics market size was worth USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. The logistics segment is expected to maintain a constant growth rate in the estimated period. Worldwide. Robots automate the process of storing and moving goods as they make their way through the supply chain in Logistics. Improving worker productivity and accuracy by using robotics in warehouse and storage facilities are the major factors for the growth of the logistics segment in the estimated period.

Logistic companies have started using robotics to improve their supply chain process. For instance, Companies such as Quiet Logistics use adaptive robots, which autonomously drive to an item’s location, showing their human coworkers what and where to pick. Quiet Logistics can increase picker accuracy and improve worker productivity by 5-8 times. Adaptive robots from I Am Robotics navigate warehouse aisles and help scale distribution centers, lower overhead costs, and reduce order fulfillment times by identifying and procuring products requested.

By application, the global adaptive robotics market is segmented into industrial robots, consumer Robots, Service Robots, logistics Robots, and swarm Robots. The global service robots market size was worth USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. Service robotics is expected to hold a major market share in the forecast period. Service robots are engineered to assist humans and perform useful tasks on their behalf.  For instance, Honda's Asimo robot is an autonomous, humanoid robot that could help the elderly by getting them food or turning off lights.

Demand for service robots in defense, healthcare, and agriculture drives service robot growth due to the high labor costs, scarcity of skilled workers, and increasing awareness of service applications. For instance, Thomas Jefferson University Hospital uses adaptive robotics to provide remote access to medicine and reduce patient transfer rates. InTouch Health’s RP-Vita, the hospital uses an adaptive patient-care robot that combines the latest autonomous navigation and mobility technology with telemedicine technology. Furthermore, Service robots in manufacturing facilities use adaptive robots for a wide range of tasks, such as welding and painting. These adaptive robots are programmed to accomplish one task repeatedly.

The global adaptive robotics market is classified into sensors, control systems, actuators, control systems, etc.

By sales channel, the global adaptive robotics market is divided into distribution channel and direct channel.

Geographical Analysis

The global adaptive robotics market is segmented into five major regions, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa region.

The North American adaptive robotics market size was worth USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. North America is dominating the global adaptive robotics market in 2018 and is estimated to hold the largest market size over the forecast period.  The market share for adaptive robots was highest in North America and grew due to the high demand for personal assistance robots & collaborative industrial robots and huge investments. For instance, Canadian marine robotics firm Kraken Robotics acquired a majority share in Rostock, Germany-based Kraken Power, for USD 110,000.

The government in this region is focusing on robot gripper technology in combination with adaptive robotics. For instance, The U.S. Department of Defense solicits proposals to establish an Institute focused on robotics in manufacturing environments. The federal government would provide USD 80 million over 5 years, which would be matched with at least USD 80 million from non-federal funding sources. Furthermore, Leverage over USD 160 million in funding to establish an institute focused on advanced industrial robotics as part of the “Manufacturing USA” National Network for Manufacturing Innovation.

The Asia Pacific logistics market size was worth USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. Asia Pacific is expected to grow at a high CAGR in the forecast period. Growing investments by major industrial players and increasing government support are the key factors responsible for the growth in the Asia-Pacific adaptive robotics market. For instance, Investment in robotics and related services is expected to double from the USD 60 billion in 2016 is to more than $133 billion in the Asia Pacific region by 2020 as per the worldwide commercial robotics spending guide.

The adoption of robotics in China, Japan, India, and South Korea increases in various applications. For instance, China, which is one of the major countries in this region and also in the world, is increasing its defense spending year on year, makes this region a favorite spot for commercial robotics. According to the International Federation of Robotics, China is the world's largest market for industrial robots and now accounts for more than 30% of global sales. Japan is developing a global base for robot innovation to promote public-private partnerships, initiate R&D capabilities, & develop data security regulations. For instance, In July 2019, Connected robotics, A Japanese company that develops specialized robot systems for cooking in restaurant kitchens, has secured investment worth approximately USD 8 million.

Competitive Analysis:

  • The adaptive robotics market is highly concentrated owing to the presence of several international and regional vendors. Adaptive robotics manufacturers are offering products integrated with multiple features and advanced technologies.
  • Some of the major players include iRobot, Rethink Robotics, SoftBank Group, Universal Robots, Yaskawa Motoman, Giraff Technologies, HONDA, PaR Systems, Robotiq, Teledyne SeaBotix.
  • The key players adopt various key strategies such as product launches, collaborations, mergers & acquisitions, contributing to the Adaptive Robotics Market's growth.
  • IBM has announced that they can partner with businesses at different stages of their robotics journeys interested in adaptive robotics.
  • For instance, In February 2019, Approximately USD 3.9 billion worth of acquisitions were done worldwide. For instance, Auris Health has acquired Johnson and Johnson, which is into surgical robots’ technology, for USD 3400 million.
  • In April 2019, The Japanese technology group Yaskawa officially opened its new robot production facility with the European robotics development center at Kocevje in Slovenia.
  • In November 2018, SoftBank Robotics and Brain Corp collaboratively announced a commercial robot vacuum in Japan, specially designed to be utilized in office environments and retail spaces.

Key Takeaways:

euRobotics, comprised of the European Commission and 180 companies and research groups, has developed the SPARC initiative to create 240,000 jobs and grow Europe’s robotic market by USD 4.5 billion annually.

Industry 4.0 targets the manufacturing process's digitization using robots and other physical systems to drive efficiency and operational flexibility.

Why Purchase the Report?

  • Visualize the composition of the global adaptive robotics in various applications, end-user, sales channels, and components, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global adaptive robotics market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global adaptive robotics market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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