Semiconductor and Electronics Modular Robotics Market is projected to grow up to 18.2% CAGR during the forecasting perio...


Modular Robotics Market is projected to grow up to 18.2% CAGR during the forecasting period 2021-2027.

Modular Robotics refers to self-configurable articulated robots that can carry out a range of tasks by changing geometric structures autonomously and dynamically. Because of their improved optimization, adaptability, and resilience, human-robot interactions are becoming increasingly popular in industries such as automotive, manufacturing, healthcare, and many others. Some of the primary factors influencing the market expansion of modular robots include technological advancements toward integrating modern technologies such as AI, Industrial Internet of Things edge computing, and so on, as well as the capacity to improve organisational productivity standards. Modular robots' capacity to improve job productivity standards across multiple business verticals has also been identified as one of the primary causes driving considerable market growth. Modular robots have the ability to provide benefits like as versatility, configurability, and scalability, which increases fault tolerance and eliminates the requirement for part assembly. Unlike traditional industrial robots, these self-configurable modular robots may be quickly switched from one form to another based on customer needs, allowing end users to save money on a variety of robotic systems. This research aided us in gaining a better grasp of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour patterns, among other things. Primary research with industry professionals and opinion leaders from around the world confirmed the findings. Various market estimation and data validation approaches are used to compile and validate the data. In addition, we have an in-house data forecasting model that forecasts market growth until 2027.

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Key Driving Factors: A key market trend is the penetration of IIoT in industrial manufacturing.

The penetration of IIoT in industrial manufacturing, which has altered the industrial sector in terms of manufacturing capability, is a key trend in the modular robots industry. In modern manufacturing, IIoT is helping to establish a new era of industrial growth and development by enhancing efficiency, simplifying streamlined maintenance, asset monitoring, and more. Machine maintenance can be planned ahead of time using advanced data insights and real-time tracking. By changing linear, traditional manufacturing supply chains into networked, dynamic systems, the IIoT is bringing huge changes to industries.

Driving factor: During the projected period, the automotive industry will hold the greatest share of the modular robots market.

During the forecast period, the automotive industry is likely to hold the greatest share of the modular robots market. New capabilities of modular robotics have helped the automotive sector respond to changing demands in a more efficient and cost-effective manner. Modular robotics have also increased the competitiveness, quality, and productivity of manufacturing processes by achieving unprecedented levels of speed, accuracy, precision, adaptability, and agility. The growing demand for automobiles, particularly in emerging nations, has encouraged automakers and OEMs to turn to automation in order to expand production volume and fulfil market demand.

This report offers the major market player’s profiles, such as ABB, Fanuc, Kuka, Yaskawa, Kawasaki Heavy Industries, Mitsubishi Electric, Denso, Nachi-Fujikoshi, Universal Robots A/S, Rethink Robotics, Stäubli International, Daihen,  Cma Robotics Spa, Yamaha Motor, Engel, Aurotek, Toshiba Machine, Acmi Spa and Cassioli Srl

Based on Industry:  The modular robots market has been divided into automotive, electrical and electronics, plastics, rubber and chemical, metals and equipment, food and beverage, precision engineering and optics, pharmaceutical and cosmetics, and others, based on industry. During the projected period, the automotive industry is expected to hold the greatest share of the market. New capabilities of modular robotics have helped the automotive sector respond to changing demands in a more efficient and cost-effective manner. Furthermore, the new levels of speed, accuracy, precision, adaptability, and agility produced by modular robotics boost manufacturing processes' competitiveness, quality, and productivity.

The Modular Robotics Market report has been categorized as below

By Robot Type:

  • Articulated modular robots

  • Cartesian modular robots

  • SCARA modular robots

  • Parallel modular robots

  • Collaborative modular robots

  • Other modular robots

    • Spherical robots

    • Cylindrical robots

By Industry:

  • Automotive

  • Electrical and Electronics

  • Plastic, Rubber, and Chemicals

  • Metals and Machinery

  • Food & Beverages

  • Precision Engineering and Optics

  • Pharmaceuticals and Cosmetics

  • Others

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021