The global adaptive robotics market value was US$4,974 million in 2020. The global adaptive robotics market is forecast to grow at a compound annual growth rate (CAGR) of 26% during the forecast period from 2021-2030. The market anticipates reaching US$55,095 million by 2030. 

Advanced robotics that is capable of reducing human effort, improving productivity, and making good decisions is known as adaptive robots. Intelligent robots, such as adaptive robots, sense the data and make appropriate decisions based on AI and other industry 4.0 technologies. These robots can also learn from their surroundings and experience. With the help of feedback databases, they can build competencies. In spite of the fact that the robots are not overtly programmed, they display almost human-like intelligence. They also play a role in various sectors, including electrical & electronics, chemical, rubber, automotive, and food & beverage. 

Factors Influencing the Market Growth

• Several industries like automotive and medical are using collaborative robots and industrial robots, fueling the global adaptive robotics market growth.
• Automating manufacturing processes at a faster pace has led to a surge in demand for adaptive robotics. 
• The global adaptive robotics market is growing due to increasing awareness about adopting adaptive robots in manufacturing sectors.
• The urbanization of cities results in more renovation and reconstruction projects, which, in turn, will increase the demolition industry. Therefore, the adoption of automation and robotics is forecast to propel the growth of the global adaptive robotics market.

Impact Analysis of COVID-19

COVID-19 had a major impact on the construction, manufacturing, hotel, and tourism industries during its outbreak. Production was halted or severely restricted in the manufacturing sector. On a global scale, construction, transportation, and supply chains faced challenges. The decline in the manufacturing of robots and their demand in the market hampered the growth of the global adaptive robotics market. In contrast, industries are gradually returning to regular production and services. Consequently, the adaptive robotics market is likely to see a recovery during the forecast period as manufacturing companies begin to ramp up at their capacity.

Regional Insights

Asia-Pacific held dominance in the global adaptive robotics market and is forecast to remain dominant during the forecast period due to the heavy investment in developing fully automated manufacturing facilities to increase production with efficiency, innovating robotics research and development, and accelerating the adoption of robots among SMEs and large enterprises.

Leading Competitors

The leading prominent competitors in the global adaptive robotics market are:

• ABB
• Kuka AG
• Rethink Robotics GmbH
• Robotiq Inc
• SCHMALZ
• Soft Robotics Inc.
• SoftBank Group Corp
• Universal Robots A/S
• Weiss Robotics GmbH & Co Kg
• Yaskawa Electric Corporation
• Other Prominent Players

Scope of the Report

The global adaptive robotics market segmentation focuses on Component, Application, End-User, and Region.

Segmentation based on Component

• Hardware
  • RFID Tags
  • Sensor
  • Intelligent System 
  • Others
• Software
  • Data and Operation
  • Asset Management Solution
  • Analytics Solutions
  • Others

Segmentation based on Application

• Handling
• Assembling
• Welding
• Others

Segmentation based on End-User

• Automotive
• Electronics
• Metal & Machinery
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America