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According to Next Move Strategy Consulting, the Modular Robotics Market size is predicted to reach USD 15.60 billion with a CAGR of 10.3% till 2030.
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Modular Robotics Market The Modular Robotics Market size is predicted to reach USD 28.89 billion with a CAGR of 16.2% by 2030. Next Move Strategy Consulting
Agenda • Market Overview • Market Segmentation • Regional Analysis • Key Market Players • Key Highlights Next Move Strategy Consulting
Market Overview • The rise in the adoption of automation across various industries including automotive, food and beverage, electronics, and others is significantly driving the growth of the market • Modular robots help in automating repetitive tasks, reduce human error, and streamline processes. Thus, the rising demand for automation is significantly creating demand for sophisticated robotics systems including modular robots. • The Governments around the globe are actively encouraging the adoption of advanced manufacturing technologies including modular robotics through various incentives and support programs. • The high costs associated with modular robotics systems poses a significant restraint on market growth. Next Move Strategy Consulting
Market Segmentation • By Application • Logistics • Aerospace & Defense • Healthcare • Food & Beverages • Automotive & Transportation • Manufacturing • Media & Entertainment • Others • By Type • SCARA Modular Robots • Articulated Modular Robots • Collaborative Modular Robots • Cartesian Modular Robots • Parallel Modular Robots • Others • By Payload • Upto 16 Kg • 16.1-60 Kg • 60.1-225 Kg • More than 225 Kg Next Move Strategy Consulting
Regional Analysis • North America • U.S • Canada • Mexico • Asia-Pacific • China • India • Japan • South Korea • Australia • Rest of Asia-Pacific • RoW • UAE • Saudi Arabia • South Africa • Brazil • Remaining Countries • Europe • The UK • Germany • France • Italy • Spain • Denmark • Netherlands • Finland • Sweden • Norway • Russia Next Move Strategy Consulting
Key Market Players • ABB Ltd. • Midea Group (KUKA AG) • FANUC Corporation • Yaskawa Electric Corporation • Kawasaki Heavy Industries Ltd. • Denso Robotics • Universal Robots • Nachi-Fujikoshi Corporation • Mitsubishi Electric Corporation • Omron Corporation Next Move Strategy Consulting
Key Highlights • Rising Demand in Manufacturing: Industries such as automotive, electronics, and pharmaceuticals are increasingly implementing modular robotics to enhance production • Cost Efficiency: Modular robots offer cost advantages due to their scalability and adaptability. Businesses can start with a basic setup and expand or modify their robotic systems as needed, reducing the initial investment and ongoing maintenance costs. • Collaborative Robots (Cobots): The rise of collaborative robots, designed to work alongside human workers, is a significant trend. These robots enhance workplace safety and productivity, particularly in small and medium-sized enterprises (SMEs). Next Move Strategy Consulting
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