Modular Robotics Market

Modular Robotics Market is anticipated to reach at USD 14,906 Million by 2025 at 17.7% CAGR during the forecast period.

Modular robots are the robots who don’t have a fixed morphology and can rearrange themselves to perform different tasks in different situations. The modular robots may be a large and unique application specific model or a small and identical model which can be produced on a mass scale. These robots are generally self-configurable models which can arrange by themselves for a required purpose. They may change their shape for various purposes like adapting to new surroundings, performing new tasks, recovering from damage etc. These types of robots may form a big matrix by continuous combining and recombining or can break a big matrix into smaller separate modules.

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Factors such as the growing investments in the field of industrial automation and increased acceptance of collaborative modular robots is one of the major drivers for the global modular robotics market. A big chunk of the work especially in the automotive industries like welding, fitting, handling etc. are being done by the application of modular robots, which is bolstering the growth of modular robotics market further. In addition, the increased demand for better productivity coupled with little or no margin for error in different manufacturing sectors is also responsible for the rapid growth of the global modular robotics market during the forecast period. Moreover, the production of the modular robots on a service model for the consumers is also playing a vital role in the increasing demand for modular robots. Besides, the customized product industries are accepting the modular robotics technology more to sustain their ever-changing product line in a cost-effective way.

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Various notable players in the market includes ABB Ltd., KUKA AG, Mitsubishi Electric Corp., FANUC Corp., Kawasaki Heavy Industries Ltd., Yaskawa Electric Corp., Universal Robots, Denso Corp., Rethink Robotics and Nachi-Fujikoshi Corp. among others.

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The Global Modular Robotics Market has been segmented by robot type, by services, by application and key geographies. Based on robot type the market comprises of articulated modular robots, cartesian modular robots, SCARA modular robots, parallel modular robots, collaborative modular robots and others .The research report “Global modular robotics market” provides in-depth analysis of the global modular robotics market based on robot type, services, application and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global modular robotics market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

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Key questions answered in this research report:
1- At what pace is global modular robotics market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global modular robotics market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation
• By Robot Type
• Articulated modular robots
• Cartesian modular robots
• SCARA modular robots
• Parallel modular robots
• Collaborative modular robots
• Others

• By Services
• Hardware
• Software
• By Application
• Automotive Industry
• Electrical and Electronics Industry
• Food and Beverages Industry
• Healthcare Industry
• Others

• By Geography
• North America
As a part of customization
• By Robot type
• By Services
• By Application
• US
• Canada
• Mexico

• Europe
As a part of customization
• By Robot type
• By Services
• By Application
• UK
• Germany
• Spain
• Rest of Europe

• Asia-Pacific
As a part of customization
• By Robot type
• By Services
• By Application
• China
• Australia
• India
• Rest APAC

• ROW
As a part of customization
• By Robot type
• By Services
• By Application
• Brazil
• South Africa
• GCC countries
• Rest of world (remaining countries of LAMEA region)

Leading Market Players
• ABB Ltd.
• KUKA AG
• Mitsubishi Electric Corp.
• FANUC Corp.
• Kawasaki Heavy Industries Ltd.
• Yaskawa Electric Corp.
• Universal Robots
• Denso Corp.
• Rethink Robotics
• Nachi-Fujikoshi Corp.