Press release
Modular Robotics Market: Surging to $19.53 Billion by 2029, Key Drivers and Trends
Modular Robotics Market
What Is The Projected Market Size Of The Global Modular Robotics Market And Its Growth Rate?
The modular robotics industry has experienced a vibrant expansion and is anticipated to follow a similar trajectory in the near future:
•Progressing from $9.41bn in 2024 to $10.94bn in 2025 at a CAGR of 16.3%, this growth has been driven by demand for customization, cost-efficiency, scalability, evolving industry needs, focus on lean manufacturing, diversity in applications, training and education initiatives, improved safety standards, and government initiatives and funding.
•In the forecast period, the market size is expected to soar to $19.53bn by 2029 at a CAGR of 15.6%. The growth will be propelled by the emergence of SMEs, rapid prototyping, customization in consumer electronics manufacturing, global resilience in supply chain management, demand for lightweight and portable robotics systems, and focus on user-friendly interfaces.
What Is Driving The Growth In The Modular Robotics Market?
The thriving modular robotics sector owes its success to the accelerated uptake of robots by the automotive and electronics industries, facilitating increased automation and consequently, reduced costs and superior efficiency. For instance, the International Federation of Robotics, a US-based non-profit, reported an unprecedented 1% increase in sales in the automotive sector in 2023 with an installation of 14678 robots.
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Who Are the Key Players Driving Modular Robotics Market Growth?
The major contributors to the modular robotic market's growth 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.
What Are The Key Trends In The Modular Robotics Market?
Advancements in technology is a crucial trend in the market, with major players leaning towards innovative, cost-effective systems. Forecasts suggest high potential for:
•Collaborative and cooperative robotics
•Rapid advancements in robotic arm technologies
•Integration of artificial intelligence
•Focus on scalability
•Application diversity across industries
•Evolving simulation and digital twin technologies
•Human-robot collaboration in warehouse automation
What Are The Segments Of The Global Modular Robotics Market?
The global modular robotics market is categorized as per the:
1.Product Type: SCARA Modular Robots, Articulated Modular Robots, Cartesian Modular Robots, Parallel Modular Robots, and Other Robots
2.Hardware Design: Chain-Based, Lattice-Based, Strut-Based
3.Configuration: Auto-Configuration, Manual Configuration
4.End Use Industry: Automotive, Electronics And Electrical, Chemical, Food And Beverages, Pharmaceutical, and Other End Use Industries
Which Region Leads The Modular Robotics Market?
Asia-Pacific dominated the modular robotics market share in 2024, with other prominent regions being Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Modular Robotics Market Global Market Report?
- Market Size Analysis: Analyze the Modular Robotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Modular Robotics Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Modular Robotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Modular Robotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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