Press release
Modular Robotics Market 2024: Growth, Trends, Analysis & Forecast 2033 | Competitive Landscape Insights
Modular Robotics Market
The modular robotics market size is expected to see rapid growth in the next few years. It will grow to $16.97 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to emergence of small and medium-sized enterprises (smes), focus on rapid prototyping, customization in consumer electronics manufacturing, global resilience in supply chain management, demand for lightweight and portable robotics, focus on user-friendly interfaces. Major trends in the forecast period include collaborative and cooperative robotics, rapid advances in robotic arm technologies, integration of artificial intelligence (ai), focus on scalability, application diversity across industries, evolving simulation and digital twin technologies, human-robot collaboration in warehouse automation.
Market Overview -
Modular robotics refers to robots designed with parts that can be reconfigured to assume different shapes and functions. These robots have the capability of reconfiguring their shapes autonomously in many cases and adapting to new circumstances, performing new tasks, or recovering from damage beyond the conventional actuation, sensing, and control typically found in fixed-morphology robots.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7937&type=smp
The Surge Of Modular Robotics In Electronics And Automotive Industries
The increasing adoption of robots in the electronics and automotive industries is driving the modular robotics market going forward. Robots are being adopted by the automotive and electronics industries for automation. By increasing automation in a factory, modular robotics decreases costs and improves efficiency in the automotive industry. Modular robots are also used in electronics manufacturing for lean production time and reducing costs. For instance, in 2022, according to the International Federation of Robotics, a Germany-based professional non-profit organization, there were 34,987 new robot installations in the United States in 2021, an increase of 14%. The automotive industry was the largest adopter, with 9,782 robot units installed. Similarly, in 2020, according to research conducted by Massachusetts Institute of Technology economists, in the United States, 4 manufacturing industries accounted for 70% of robots, among which, the highest percentage (38%) of robots are used by automakers. Thus, the increasing adoption of robots in the electronics and automotive industries is driving the modular robotics market.
Competitive Landscape -
Major companies operating in the modular robotics market report are Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Limited, Universal Robots A/S, DENSO Corporation, Rethink Robotics GmbH, KUKA AG, Nachi-Fujikoshi Corporation, Yamaha Motor Co. Ltd., Acmi SpA, Shibaura Machine, Stäubli International AG, Engel Austria GmbH, Comau SPA, Cassioli Group, ABB Ltd., Acutronic Robotics, LEGO System AS, FANUC Corporation, Adept Technology Inc., Epson Robots, Omron Adept Technologies Inc., Rockwell Automation Inc., Schneider Electric SE, Emerson Electric Co., Robert Bosch GmbH, Delta Electronics Inc., Beckhoff Automation GmbH & Co. KG, Kollmorgen Corporation, Advantech Co. Ltd.
Tech Advancements Propelling Growth
Advanced technology is a key trend gaining popularity in the modular robotics market. Major companies operating in the modular robotics market are advancing toward the use of cost-effective technologies to gain a competitive edge in the market. For instance, in May 2021, OhmniLabs Inc., a US-based manufacturer of service robots, launched the Ohmni Modular Robotics Platform. The Ohmni Modular Robotics Platform is a powerful new tool that can help companies develop and deploy mobile service robots quickly and easily. The ultra-lean development and manufacturing processes help to reduce the time and cost of developing and deploying robots. The Ohmni Modular Robotics Platform enables new designs to be fabricated in a matter of hours at OhmniLabs' 3D printing facility.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/modular-robotics-global-market-report
Key Segments -
The modular robotics market covered in this report is segmented -
1) By Product Type: SCARA Modular Robots, Articulated Modular Robots, Cartesian Modular Robots, Parallel Modular Robots, Other Robots
2) By Hardware Design: Chain-based, Lattice-based, Strut-based
3) By Configuration: Auto-Configuration, Manual Configuration
4) By End Use Industry: Automotive, Electronics and Electrical, Chemical, Food and Beverages, Pharmaceutical, Other End Use Industries
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Modular Robotics Market 2024: Growth, Trends, Analysis & Forecast 2033 | Competitive Landscape Insights here
News-ID: 3485282 • Views: …
More Releases from The Business research company
Key Strategic Developments and Emerging Changes Shaping the Industrial Media Con …
The industrial media converter market is poised for strong growth in the coming years, supported by rapid technological progress and increasing digital transformation across industries. As more sectors invest in smart systems and modernize their network infrastructure, demand for industrial media converters continues to accelerate. Below is an overview of the market's projected value, major players, influential trends, and detailed segmentation.
Forecasted Market Value and Growth Trajectory for Industrial Media Converter…
In-Depth Examination of Segments, Industry Developments, and Key Players in the …
The histidine tag (His-Tag) antibody market is on track for substantial expansion, driven by increasing applications in biotechnology and pharmaceutical research. As advancements continue and demand rises, this sector is poised for significant growth, presenting varied opportunities for stakeholders. Let's explore the market size forecasts, key players, emerging trends, and main segments shaping this dynamic industry.
Market Size Forecast and Growth Potential in the Histidine Tag (His-Tag) Antibody Market
The histidine tag…
Leading Companies Fueling Growth and Innovation in the Hand Rehabilitation Devic …
The hand rehabilitation devices market is entering a strong growth phase, led by rapid technological progress and evolving patient recovery needs. As more individuals look for effective, patient-friendly solutions to restore hand function, the industry is set for considerable advancement. Below is an overview of the projected market size, major industry players, emerging innovations, and how the market is organized across product categories and applications.
Projected Market Size and Growth of…
Key Emerging Developments and Strategic Trends Shaping the Food Certification Se …
The food certification services industry is experiencing strong growth as consumers increasingly seek transparency, safety, and ethical sourcing in the food they purchase. Supported by rapid technological progress and stricter regulatory expectations, this market is evolving quickly and is poised for notable expansion in the years ahead. Below is a detailed look at the market size, key growth drivers, major companies, emerging trends, and segmentation shaping this critical sector.
Projected Market…
More Releases for Modular
Prominent Modular Kitchen Market Trend for 2025: Advancements In Modular Kitchen …
What industry-specific factors are fueling the growth of the modular kitchen market?
The significant surge in the residential construction industry has a considerable impact on the expansion of the modular kitchen market. The rising number of property projects and the escalating demand for compact homes are boosting the growth of the modular kitchen market. For instance, the Office for National Statistics, a UK government agency, reported in November 2023 that the…
Multifamily Modular Construction Market Demand Makes Room for New Growth Story: …
Latest Study on Industrial Growth of Global Multifamily Modular Construction Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Multifamily Modular Construction market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the…
Modular Systems Installation Services Market Implications for Biotechnology 2023 …
Modular Systems Installation Services Market Research Report Provides the Newest Industry Data and Industry Future Trends, allowing you to Identify the Products and End Users Driving Revenue Growth and Profitability.
The Modular Systems Installation Services Market is expected to reach USD 139.03 billion by 2029, up from 82.3 billion in 2022, at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Modular systems installation services refer to the…
Multifamily Modular Construction Market by Manufacturers: Guerdon Modular Buildi …
Multifamily Modular Construction Market research report includes the competitive landscape that involves leading companies and adopting strategies to introduce new products, announce partnerships, and collaborate to contribute to market growth. Moreover, the report elaborates on numerous customers' journeys related to this industry, regions, and segments. The Multifamily Modular Construction Market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions.
Request a Free PDF…
Multifamily Modular Construction market: Analysts Predict Market to Reach New He …
"
The global Multifamily Modular Construction Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Multifamily Modular Construction Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
Multifamily Modular Construction Market 2020-2026 | In Depth Analysis with Top K …
The research report on the Multifamily Modular Construction Market is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have…
