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Global Modular Robotics Market Expected to Achieve 15.1% CAGR by 2029: Growth Forecast Insights
Modular Robotics
How Large Will the Modular Robotics Market Size By 2025?
In recent times, the modular robotics market has seen swift expansion. The market size is set to increase from $9.41 billion in 2024 to $10.79 billion in 2025, relishing a compound annual growth rate (CAGR) of 14.7%. A host of factors have led to this surge during the historic period including a rising demand for customization, cost-effectiveness, and scalability. Shifting industrial requirements, an emphasis on lean manufacturing, a range of application possibilities, initiatives for training and education, reinforced safety norms, as well as government initiatives and funding have also significantly contributed to this growth.
How Big Is the Modular Robotics Market Size Expected to Grow by 2029?
Anticipations reveal that the modular robotics market size is primed for quick expansion in the forthcoming years. It's projected to escalate to a value of $18.94 billion by 2029, with a compound annual growth rate (CAGR) of 15.1%. The predicted growth in this period can be ascribed to the rise of small and medium-sized ventures (SMEs), a concentration on speedy prototyping, personalization in the consumer electronics production, resilience in global supply chain management, the appeal for lightweight and compact robotics, and an emphasis on user-centric interfaces. Noteworthy trends emerging in this forecast period comprise collaborative and cooperative robots, fast progress in the sector of robotic arm technologies, AI integration, focus on scalable solutions, varied applications across diverse industries, evolving technologies such as simulation and digital twins, as well as an increased human-robot synergy in warehouse automation.
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Which Key Market Drivers Powering Modular Robotics Market Expansion and Growth?
The modular robotics market is experiencing growth due to the rising utilization of robots in the automotive and electronics sectors. These industries are increasingly turning to robots for automation purposes, which leads to cost reduction and enhanced efficiency, specifically in the automotive sector. Modular robots also contribute to lean production time and cost savings in the manufacturing process of electronics. For example, the International Federation of Robotics (IFR), a non-profit organization based in the US, reported in April 2024 that sales in the automotive sector rose by 1% the previous year, recording installations of 14,678 robots. This occurred after the dramatic increase in 2022, when installations skyrocketed by 47%, marking 14,472 units. Therefore, the continuous rise in robot usage in both the electronics and automotive fields propels the growth of the modular robotics market.
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Which Fast-Growing Trends Are Poised to Disrupt the Modular Robotics Market?
The growing popularity of advanced technology is a notable trend in the modular robotics market. Leading companies in this field are turning to cost-efficient technologies to maintain a competitive advantage. For example, ABB Robotics from Switzerland, a leading tech firm, introduced the IRB 930 SCARA robot in November 2023. This robot has been designed to revolutionize pick-and-place activities along with assembly processes, and is especially effective with heavy loads of up to 22 kg. Its design makes it perfect for high-demand industries like electronics, automotive, and renewable energy. Standout characteristics of this product include a 10% rise in throughput in comparison to SCARA robots within its class, and reinforcement of push-down force by 200%, allowing it to proficiently execute force-intensive maneuvers such as screw-driving and the assembly of components like battery cells and solar models.
What Are the Emerging Segments in the Modular Robotics Market?
The modular roboticsmarket 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
Subsegments:
1) By SCARA Modular Robots: Standard SCARA Robots, High-Speed SCARA Robots
2) By Articulated Modular Robots: 6-Axis Articulated Robots, 7-Axis Articulated Robots
3) By Cartesian Modular Robots: Linear Cartesian Robots, Gantry Systems
4) By Parallel Modular Robots: Delta Robots, Other Parallel Kinematic Robots
5) By Other Robots: Collaborative Robots, Custom Modular Robotics Solutions
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Who Are the Global Leaders in the Modular Robotics Market?
Major companies operating in the modular robotics market 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.
Which are the Top Profitable Regional Markets for the Modular Robotics Industry?
Asia-Pacific was the largest region in the modular robotics market share in 2024. The regions covered in the modular robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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