Market Snapshot:
Modular robot refers to the machine that is programmed to make construction kits. These are made up of modular magnetic block that creates small self-powered robots. These robots are responsible for controlling, designing and motion planning of kinematic machine by using variable morphology. These provide high robustness and high versatility which is further aids in robotic automation. Modular robotics are used in various industries such as automotive, chemical, electrical and electronics, plastic, metal & machinery, food & beverage, rubber, precision engineering & optics, pharmaceutical and cosmetics.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), FANUC Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), ACMI Spa (United Kingdom), Aurotek Corp. (Taiwan), CMA Robotics Spa (Italy), Comau S.P.A (Italy), Daihen Corporation (Japan), Denso (Japan), Universal Robots A/S (Denmark), Nachi-Fujikoshi (Japan), Rethink Robotics (United States) and Engel (Austria) |
CAGR | 17.36% |
Segment Analysis
AMA Research have segmented the market of Global Modular Robotics market by Type, Application and Region. On the basis of Type, Articulated Modular Robots are dominating the market in the year 2022
On the basis of geography, the market of Modular Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022.
Market Trend
Development and Innovations in Modular Robots
Market Drivers
Rise in Investment in Industrial Automation and Government Support Worldwide To Develop Modern Technologies
Opportunities
Growing Adoption of Robotics As A Service Model
Restraints
- Complexity in Designing and Controlling Electronics of Modular Robots
In addition to the aforementioned factor, Rise in Investment in Industrial Automation
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), FANUC Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), ACMI Spa (United Kingdom), Aurotek Corp. (Taiwan), CMA Robotics Spa (Italy), Comau S.P.A (Italy), Daihen Corporation (Japan), Denso (Japan), Universal Robots A/S (Denmark), Nachi-Fujikoshi (Japan), Rethink Robotics (United States) and Engel (Austria). A lot of United States players are profiled in the research study indicating a strong market dependence.