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Adaptive Robotics Market Trends, Share, Growth, Opportunity and Forecast 2030 Hits a CAGR of 26.3%

11-29-2023 05:02 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Adaptive Robotics Market

Adaptive Robotics Market

Adaptive robots represent the third generation of robotic technology, incorporating features like IoT and artificial intelligence, enabling them to autonomously sense and respond to their surroundings without human intervention. These robots are characterized by their compact size, precision, and enhanced speed, making them adept decision-makers across various sectors, including automotive, manufacturing, and food and beverages.

The growing adoption of collaborative robots in industries has significantly fueled the demand for adaptive robots. Furthermore, the increasing trend of automation in manufacturing and logistics industries has facilitated operations at a faster pace and with greater accuracy, thanks to the capabilities of adaptive robots. Consequently, these factors are expected to contribute to the continuous advancement of adaptive robot technology.

The adaptive robotics market size was valued at $4.9 billion in 2020, and is expected to reach $ 55.0 billion by 2030, registering a CAGR of 26.3% from 2021 to 2030. North America is anticipated to dominate the global adaptive robotics market in 2020.

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Major Key Players of the Pressure Reducing Valve Market are:

The key players profiled in this report include ABB, Kuka AG, Robotiq Inc, SCHMALZ, Soft Robotics Inc, Weiss Robotics GmbH & Co Kg, Universal Robots A/S, Yaskawa Electric Corporation, SoftBank Group Corp, and Rethink Robotics GmbH.

Integration of IoT in manufacturing is expected to propel the demand for adaptive robots, which is likely to act as a major opportunity for growth of the adaptive robotics market.
The global adaptive robotics market is segmented into application, component, end user, and region. By application, the market is segregated into handling, assembling, welding, and others. The handling segment dominate the market in 2020. On the basis of component, it is segregated into hardware and software. Software segment dominates the market in 2020. Depending on end user, it is divided into automotive, electronics, pharma, metal & machinery, and others. Automotive segment dominates the market in 2020.

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Key Market Segments -

The global adaptive robotics market is segmented into application, component, end user, and region.

By application, the market is segregated into handling, assembling, welding, and others. The handling segment dominate the market in 2020.

On the basis of component, it is segregated into hardware and software. Software segment dominates the market in 2020.

Depending on end user, it is divided into automotive, electronics, pharma, metal & machinery, and others. Automotive segment dominates the market in 2020.

Region wise, the global adaptive robotics market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to dominate the market throughout the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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