Adaptive Robot Market Analysis 2020, By Application (Industrial Robot, Service Robot), By Technology (Navigation, Vision & Sensors, Speech Recognition),..
Market Research Future (MRFR) has published a research report about the global adaptive robot market that observes a huge surge for this market. Adaptive robot market 2020 reveals different factors that are likely to prompt the expansion of the market. Growth opportunities and potential threats are also discussed in the report. In addition, the impact of COVID 19 on adaptive robot market is also explained in the report. MRFR data reveals that the adaptive robot market is can expand at considerably high pace and generate substantial revenue in the study period.
Market Highlights
- 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.
- 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.
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.
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Regional Analysis
The market for adaptive robot is estimated to grow at a significant rate during the forecast period from 2018 to 2023. 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.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Adaptive robot Market Segmentation
8. Adaptive robot Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
14. Strategic Outlook
15. SWOT Analysis
16. Regional Adaptive robot Market Share
17. Country Adaptive robot Market Share
18. Revenue and Sales Forecast
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