Modular robotics market is anticipated to grow at a CAGR of 17.5% during the forecast period. The growing investment in industrial automation and increasing adoption of collaborative modular robots owing to their benefits and features are some key factors driving the growth of the market. Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their automotive production facilities and throughout their operations.
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Asia-Pacific region is anticipated to exhibit considerable growth in the global modular robotics market during the forecast period. The increasing investment in automation by the automotive and electrical and electronics players, mainly in emerging economies including China, South Korea, and India are key factors driving the growth of the regional market. Additionally, the increasing adoption of collaborative modular robots by manufacturers has elevated the demand for modular robotics in Asia-Pacific.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Modular Robotics Market Report by Segment
By Robot Type
- Articulated Modular Robots
- SCARA Modular Robots
- Collaborative Modular Robots
By End-User Industry
- Automotive
- Electrical & Electronics
- Plastic
- Rubber
- Chemicals
Global Modular Robotics Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global modular robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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