The modular robotics market is anticipated to expand at a healthy CAGR of 18% over the course of the forecast period. The modular robotics market is predicted to be worth US$9.11 billion in 2022 and US$47.2 billion in 2032.
The modular design of the robotic system allows for the flexibility of a single robot to carry out a variety of tasks. The modular robotic system includes a gripper that can grasp delicate objects using distributed sensing actuation.
Modular robotics systems are becoming more popular on the market thanks to their numerous functional advantages, including their morphologically adaptive nature, potential for robustness, and capacity for self-repair. Due to the rising demand for modular robotics in the electronics and automotive industries, a number of manufacturers are concentrating on creating a particular, highly efficient product.
Download Now: Explore the Booming Modular Robotics Market with Our Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-10837
The modular robotics manufacturers are engaged in research & development activities for improving the structure and design of the modular robotics systems. Modular robotics are mainly used in critical applications such as space exploration, accessing dangerous area, search & rescue, accessing tight spaces, an inspection of tubes & bridges.
Modular Robotics Market: Dynamics
An increase in productivity, a decrease in rejection rate and scalability of operations are key benefits that propel the adoption of modular robotics in various industries including the automotive industry, chemical industry across the globe. Modular robots are flexible, versatile, and easily configurable. This factor is resulting in prominent demand generation for modular robotics over the few years. Lattice-based modules are widely used in end-use industries than that of chain-based modules, as they are capable of connecting more than two modules simultaneously.
Modular robots are expected to create significant opportunities in the electronics industry with the ability to improve the efficiency of the fabrication process and integrity of the production process. The cost of skilled labor is increasing at a significant rate even in low-cost carrier countries such as China and India. Owing to the increasing labor costs, the payback for modular robotics and industrial automation is gaining more traction in the market.
The cost of appropriate solution development for specific use is substantially high in modular robotics, which makes it difficult from adhering to budget constraints for most of the small & mid-size organizations. Also, factors such as high maintenance costs, lack of awareness will stagnant the growth of the global modular robotics market.
Customize Your Report: Tailor the Exclusive Insights to Your Modular Robotics Market Strategy@
https://www.futuremarketinsights.com/customization-available/rep-gb-10837
Modular Robotics: Regional Market Outlook
In the Asia Pacific, increasing the adoption of robots in the electronics and automotive industries is estimated to create lucrative growth opportunities in the modular robotics market. In the Asia Pacific, East Asia is stipulated to be an attractive region for the modular robotics market owing to the increasing factory automation rate. China is expected to show lucrative growth opportunities in the market due to heavy investment in industrial automation. North America is expected to show a significant share in the modular robotics market due to the high adoption rate of autonomous and advanced robots across the region. Regions including Middle East Africa and Latin America are predicted to have healthy growth in the global modular robotics market.
Modular Robotics: Market Key Players
Examples of some of the market participants identified in the global modular robotics market are:
• ABB Ltd.
• FANUC Corporation
• Mitsubishi Electric Corporation
• Yaskawa Robotics
• Kawasaki Heavy Industries, Ltd.
• Aurotek Corporation
• Universal Robots
• DENSO
• A.C.M.I. spa
• CMA Robotics Spa
• Rethink Robotics GmbH
The Modular Robotics research report presents a comprehensive assessment of the Modular Robotics market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Modular Robotics research report provides analysis and information according to market segments, such as geographies, application, and industry.
The global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Modular Robotics report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Curious? We’ve Got Answers! Unleash Your Questions and Uncover the Knowledge You Seek – Ask Us Anything Today@
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-10837
Key Segments:
By Product Type:
• SCARA Modular Robots
• Articulated Modular Robots
• Cartesian Modular Robots
• Parallel Modular Robots
By Hardware Design:
• Chain-based
• Lattice-based
• Strut-based
By Configuration:
• Auto-Configuration
• Manual Configuration
By End Use Industry:
• Automotive
• Electronics & Electrical
• Chemical
• Food & Beverages
• Pharmaceutical
• Others
By Region:
• North America
• Latin America
• Asia Pacific
• Europe
• MEA
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us :
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
