Adaptive Robotics Market Size, Share, Growth Analysis, By Application(Handling, Assembling, Welding, and Others), By Components(Hardware and Software), By End User(Automotive, Electronics, Pharma, Metal & Machinery), By Region - Industry Forecast 2024-2031

North America accounts for the largest share of this market owing to the high demand for personal assistive robots in that region and Asia Pacific is expected to witness the highest growth during the forecast period, a major driver of growth in that region and increased investment by major industrial players and growing government support. Robotics is increasingly being adopted in many applications in China, Japan and South Korea. China has the largest market for industrial robots and Japan is creating the global base for the development of new robots these products also drive growth in this sector.

Asia-Pacific is the leading global adaptive robotics market in the world and China has been the leading global adaptive robotics market in the world for the last five years and held about 36% of the total with 154,032 units in 2022. Industrial robot installations in Japan are up 21%. Robot installation in the US. is up 22% from 2022 with 40, 373 installations. Additionally, South Korea and Germany have 38,000 and 27,000 installations respectively. The growth is driven by the growing demand for variable industrial robots in the electronics and automotive industries across the region. Increasing technological advancements in robotics and automation in the APAC region, coupled with increasing sales of convertible robots are driving the market growth.