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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The COVID-19 pandemic has positively impacted the global modular robotics market. As a result of the difficulties brought by COVID-19 and its associated lockdowns, many individuals and companies have turned to robots to overcome the challenges of the pandemic. Compared with traditional human labor, robotic and autonomous systems have advantages such as an intrinsic immunity to the virus and an inability for the human-robot-human spread of any disease-causing pathogens, though there are still many technical hurdles for the robotics industry to overcome. The potential of modular robotics is high, therefore robotics industry is anticipated to leap forward due to this unexpected pandemic.
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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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