Global Adaptive Robot Market to Reach USD 2,418.13 Million by 2030 | CAGR of 4.8%
Category : Semiconductor And Electronics | Published Date : Oct 2024 | Type : Press Release
Adaptive Robot Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Adaptive Robot Market size was valued at USD 5,719.73 Million in 2022 and is projected to reach USD 44,136.47 Million by 2031, growing at a CAGR of 25.7% from 2023 to 2031. Adaptive robots are integrated with advanced sensing, cognitive, and decision-making capabilities, allowing them to adjust their functions based on environmental changes. These robots are utilized across various sectors, including healthcare, transportation & logistics, retail & e-commerce, and manufacturing, due to their versatility, collision avoidance, and high elasticity.
The report comprises the Adaptive Robot Market Share, Size & Industry Analysis, By Type (Grippers, Wearable Robots, and Others), Component (Hardware, Software), End-User (Retail & E-commerce, Transportation & Logistics, Food & Beverage, Healthcare, Manufacturing, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2031.
The report contains detailed information on Adaptive Robot Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The growing healthcare industry and increased automation in food & beverage processing are primary drivers of market growth. Additionally, Industry 4.0 adoption in manufacturing provides growth opportunities.
Segmental Analysis :
Based on type, the market includes grippers, wearable robots, and others.
- Grippers held the largest share in 2022 due to their flexibility, which enables them to handle various objects across sectors such as food & beverage, logistics, and manufacturing(RD_ Adaptive Robot Mark…).
- Wearable robots are expected to grow rapidly, supported by their applications in assisting mobility for industrial workers and healthcare purposes.
Based on component, the market is bifurcated into hardware and software.
- Hardware accounted for the largest share in 2022, driven by developments in robotic sensors, actuators, and other core components, which enhance adaptive robots' capabilities.
- Software is expected to witness the fastest growth due to advances in robotics programming, enabling robots to autonomously perform complex tasks.
Based on end-user, the market includes retail & e-commerce, transportation & logistics, food & beverage, healthcare, manufacturing, and others.
- Manufacturing held the largest share in 2022, with adaptive robots deployed in picking, assembly, and packaging tasks to streamline operations in Industry 4.0 settings.
- Healthcare is anticipated to grow the fastest, driven by demand for adaptive robots in diagnostics, rehabilitation, and surgical procedures.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America led the market in 2022, with high adoption rates in the food & beverage and healthcare sectors.
- Asia-Pacific is projected to grow at the highest CAGR, with demand driven by industrial expansion in countries such as China, Japan, and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2031 |
| Market Size in 2031 | USD 44,136.47 Million |
| CAGR (2024-2031) | 25.7% |
| By Type | Grippers, Wearable Robots, Others |
| By Component | Hardware, Software |
| By End-User | Retail & E-commerce, Transportation & Logistics, Food & Beverage, Healthcare, Manufacturing, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Adaptive Robot Industry:
- ROBOTIQ
- Siléane
- Boston Dynamics
- Adaptive Robot Inc.
- Yaskawa Electric Corporation
- Ekso Bionics Holdings Inc.
- Rewalk Robotics Ltd.
- Festo Inc.
- RightHand Robotics Inc.
- Elephant Robotics Technology Co. Ltd.
- Flexiv Ltd
Recent Industry Developments :
- In November 2020, Flexiv Ltd. announced the production of its 100th robot, emphasizing advancements in adaptive robotics and integration with AI and machine vision.
- In September 2019, Hyundai introduced a new wearable robot for industrial workers, aimed at enhancing productivity and reducing physical strain in overhead tasks.
