Adaptive Robot Market – Synopsis
The market for adaptive robot industry is estimated to grow at a significant rate during the forecast period from 2018 to 2023. Recently, in September 2018, Energid Technologies, a U.S based developer of real-time motion control software, has introduced a real time adaptive motion control software development kit. With the help of this toolkit, robotic system developers can configure robot controllers with real-time monitoring capabilities. The lighting business of General Electric is using adaptive robots for mass production of roadway light fixtures in its Hendersonville, NC plant.
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Quiet Logistics, a supply chain & logsitics company, is using adaptive robots for picking & sending of orders to processing areas. With the implementation of adaptive robot, the company is focusing on improving its productivity by around 5-8 times. Robot are the basic link between digital and physical world. They have modernized the traditional manufacturing process and helped industries in expanding their basic capabilities. However, traditional robot poses some market barriers such as high installation and maintenance cost, which has limited their acceptance to the large enterprises only, and non-flexible, and rigid functioning of the robot. These limitations are expected to be overcome by adaptive robot. Adaptive robot are autonomous machines which can sense their physical environment and act accordingly without human interference. They are intelligent and interconnected autonomous machines which can collect IoT data and can provide instant decisions based on that to the businesses.
Rising cost of manufacturing, rising deployment of industry 4.0, and high investment by key players in research & development of adaptive robot are some of the major factors driving the market growth of adaptive robot. However, lack of regulations, and low adoption in discrete manufacturing as it can increase the operational complexity are some major factors expected to restrain the market growth in coming years. Further, risk of human safety while interacting with robot and perception of increment in unemployment ratio after adoption of robot are the challenges faced by the market.
Adaptive Robot Market – Key players
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) are some of the key players in adaptive robot market.
Adaptive Robot Market – Segmentation
The global adaptive robot market is segmented into technology, computing location, application, end-user, and region.
By technology, adaptive robot market is segmented into vision & sensors, learning, perception, & speech recognition, and mobility & navigation.
By computing location, adaptive robot market is segmented into on-board and on-cloud.
By application, adaptive robot market is segmented into industrial robot, consumer robot, logistics robot and service robot.
By end-user, the adaptive robot market is segmented into automotive, aerospace, electronics, food & beverage, healthcare, retail, BFSI, travel & transportation, education, and entertainment.
By region, the adaptive robot market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.
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Adaptive Robot Market – Regional Analysis
The geographical analysis of adaptive robot market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East, Africa, and Latin America).
North America is expected to dominate the adaptive robot market during the forecast period. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. The demand for more personalized and collaborative robots by industries in North America is fueling the adoption of adaptive robots in the region.
Europe is expected to be the second dominant market of adaptive robotics. According to press release by IBM, euRobotics (includes European Commission and 180 companies and research groups) has started the SPARC initiative to create around 240,000 jobs in Europe, which has increased the robotics market in Europe to around 4.5 billion in 2016. Also, digitization of manufacturing process with the support of industry 4.0 revolution is expected to boost the market of adaptive robotics in Europe in the coming years.
Asia-Pacific adaptive robot market is projected to grow with highest CAGR during forecast period 2018-2023. China, Japan, and South Korea are the leading market in adaptive robot in the region. South Korea is leading the industrial robotics automation market in the region, whereas, China is investing heavily in building fully automated manufacturing base in order to increase the production with efficiency. Japan, on the other hand, is continuously developing & innovating robotics research & development capabilities supported by data security regulations, in order to increase the adoption of robot among SMEs along with large enterprises in the country.
Rest of the world (RoW) comprise of adaptive robot market in The Middle East & Africa and Latin America. RoW adaptive robot market is expected to grow with slow and steady growth rate due to lack of technical skills and infrastructure.
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
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LIST OF TABLES
Table 1 Adaptive Robots Market, By Region, 2018–2023
Table 2 North America: Adaptive Robots Market, By Country, 2018–2023
Table 3 Europe: Adaptive Robots Market, By Country, 2018–2023
Table 4 Asia-Pacific: Adaptive Robots Market, By Country, 2018–2023
Table 5 Rest Of The World: Adaptive Robots Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Adaptive Robots Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Adaptive Robots Market
FIGURE 4 Value Chain/Supply Chain Of Global Adaptive Robots Market
FIGURE 5 Share Of Global Adaptive Robots Market In 2017, By Country (In %)
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This post was originally published on The Market Plan