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Modular Robotics Market Size, Share and Global Trend By Robot Type (Articulated Modular Robots, Parallel Modular Robots, SCARA Modular Robots, Spherical Robots, Cartesian Modular Robots, Cylindrical Robots, Collaborative Modular Robots), By Industry Vertical (Automotive,Chemical, Metals and Machinery, Food & Beverages, Precision Engineering and Optics,Pharmaceuticals and Cosmetics, Others), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100760 | Status : Ongoing

 

KEY MARKET INSIGHTS

Modular robotics is an advanced machine that carries out a series of tasks with the help of programmed instructions given by a computer. An advanced modular robotics includes electronic and mechanical units, sensors and controller backed up by Artificial Intelligence (AI) platform. Modular robotics is capable of changing its shape and size by repositioning their parts to adopt new surroundings, execute operations, and recover from damage.

These robots are operated on the robotics-as-a-service model and are playing a crucial role in the manufacturing and logistics industry. Manufacturing industries are focusing on adopting modular robots to optimise operational effectiveness and to reduce overall time and cost.

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Moreover, modular robots are gaining popularity and are deployed in automotive manufacturing plants. The growing market of automobiles is indirectly generating tailored demand for modular robotics in the manufacturing industry. According to the International Organization of Motor Vehicle Manufacturers statistics, in 2016, global motor and passenger vehicle production was valued at around 95 million.

The key factors driving the growth of modular robotics is the rising adoption of advanced technology, including machine learning and artificial intelligence in robotics industries. Further, the growing adoption of the robotics-as-a-service model in the robotics industry is expected to drive the growth of modular robots in the forecast period.

Key Players Covered


Some of the key players in global modular robotics market include ABB Ltd., Acutronic Robotics, KUKA AG, Mitsubishi Electric Corp., FANUC Corporation, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, Denso Corporation, Universal Robots, Nachi-Fujikoshi Corp., and Rethink Robotics among others.

SEGMENTATION






















SEGMENTATION

 DETAILS

By Robot Type

· Articulated Modular Robots

· Parallel Modular Robots

· SCARA Modular Robots

· Spherical Robots

· Cartesian Modular Robots

· Cylindrical Robots

· Collaborative Modular Robots

· Other modular Robots

By Industry Vertical

· Automotive

· Chemical

· Metals and Machinery

· Food & Beverages

· Precision Engineering and Optics

· Pharmaceuticals and Cosmetics

· Others

By Geography

· North America (USA and Canada)

· Europe (UK, Germany, France, Scandinavia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico and Rest of Latin America)

· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Regional Analysis


Globally, North America is estimated to lead the modular robotics market in terms of revenue. Adoption of surface mount technology in robotics industries, growth is expected to increase with a decent CAGR in this region. Further, the innovation in gripping systems and related technology is also driving the growth of modular collaborative robots segment. Key players are focusing on collaborating with various companies who provide gripping systems and similar technology to enhance their robotics business process. For instance, in 2019, Acutronic Robotics has merged with gripping systems providers DH Robotics and Robotiq. This merger was completed to build their robots enabled with the hardware in the ROS2 ecosystem. As a result, fully modular robots, including MARA robot, was created.

Also, Asia-Pacific is projected to observe the highest development rate during the forecast period. Owing to factors such as an increase in IT investment backed by several government programmes in developing countries such as China, Singapore, India, and South Korea are expected to drive the growth in this region.

Key Industry Developments


February, 2019 – Universal Robots announced its collaboration with Bharat Fritz Werner (BFW), manufacturer of India based machine tools. The partnership would help to merge the collaborative robots technology with MSME shop floors via a modular platform. In addition, it would also advance BFW's production capacity.





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