The global demand for Modular Robotics Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Modular robotic systems are of many autonomous, independent, and programmable modules that are connected physically to each other. These robots are stated to as re-configurable robots and are capable of configuration change by the environmental conditions. The system of modular robotics is equipped with a modular gripper that is capable of grasping a fragile object using distributed sensing actuation. With several advantages that include potentially robust, morphologically adaptive nature, and self-repair, these systems are taking the traction in the market. Increasing demand for these robotics in the automotive industry, electronic industry, and various manufacturers are majorly concentrating on emerging a specific product having high efficiency in industries. Modular robotics are generally used in critical applications such as accessing the dangerous area, space exploration, search & rescue, an inspection of tubes & bridges, and accessing tight spaces.
Rising productivity, the decline in rejection rate and scalability of operations are main benefits that boost the acceptance of modular robotics in different industries like the chemical industry, automotive industry, globally. These robots are versatile, flexible, and easily configurable. This factor is leading in projecting demand generation for modular robotics in the upcoming years. Lattice-based modules are broadly used in end-use industries of chain-based modules, as they are capable of connecting more than two modules instantaneously.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of modular robotics.
The entire modular robotics market has been sub-categorized into robot type and industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Robot Type:
- Articulated Modular Robot
- Cartesian Modular Robot
- Scara Modular Robot
- Parallel Modular Robot
- Collaborative Modular Robot
- Other Modular Robot
- Spherical Robot
- Cylindrical Robot
- Electrical And Electronics
- Plastics, Rubber, And Chemical
- Metal And Machinery
- Food & Beverage
- Precision Engineering And Optic
- Pharmaceutical And Cosmetic
This section covers regional segmentation which accentuates on current and future demand for modular robotics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Modular Robotics Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the modular robotics market include Abb, Acmi Spa, Aurotek, Cassioli Srl, Cma Robotics Spa, Comau S.P.A, Daihen, Denso, Engel, Fanuc, Kawasaki Heavy Industry, Kuka, Mitsubishi Electric, and others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.