REPORT SCOPE & OVERVIEW:
The Modular Robotics Market size was estimated at USD 10.5 billion in 2022 and is expected to reach USD 40.68 billion by 2030 at a CAGR of 18.1% during the forecast period of 2023-2030.
Self-configuring robots made up of multiple independent units are known as modular robots. They can adjust their geometric structure and rearrange themselves on their own or with human assistance to deal with new situations, carry out new duties, or repair damage. By the geometric arrangement of its units, such as lattice, chain, hybrid, and homogeneous, modular robotic systems can be divided into a number of architectural groupings. Modular robotic systems are more adaptable than traditional robotic systems because they can disassemble and reassemble modules or components to create new morphologies that are more suited to the task at hand.
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MARKET DYNAMICS
DRIVERS
Flexibility and personalization systems for modular robotics enable customization and flexibility in the development of robotic solutions suited to particular applications and sectors.
Cost-effectiveness By permitting the reuse of similar components across several applications, modular robots frequently enable cost-effective solutions.
Simple Maintenance Modular designs save downtime and maintenance costs by making it simpler to identify and swap out malfunctioning parts.
Scalability is one of the systems that can readily be scaled up or down to accommodate shifting operational or production requirements.
RESTRAIN
Complex Integration of numerous modules and components can be technically difficult and necessitate specialist knowledge.
Initial Expenditure Although the initial investment in modular systems and their integration may be somewhat significant, modular robots might result in long-term cost benefits.
OPPORTUNITY
Industry Applications Modular robotics find use in a variety of sectors, including manufacturing, healthcare, logistics, agriculture, and more, providing numerous prospects for expansion.
Technology Advancements Quickly Continuous improvements in robotics technology, such as those in sensors, artificial intelligence, and materials, create opportunities for creative modular solutions.
Robotic collaboration The development of collaborative robots (cobots) expands opportunities for interaction and cooperation between humans and robots, particularly when performing flexible jobs.
CHALLENGES
The lack of industry standards for modular components might cause problems with compatibility and integration.
Complexity management As systems get bigger and include more interchangeable parts, managing and improving their performance can get tricky.
Cybersecurity issues must be addressed in order to avoid unwanted access and control as robotic systems grow more connected and autonomous.
IMPACT OF RUSSIAN RUSSIAN-UKRAINE WAR
2023 at a 16.5% compound annual growth rate. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. The conflict between these two nations has resulted in supply chain interruptions, an increase in commodity prices, economic penalties against other nations, inflation of goods and services, and a negative impact on numerous global markets. At a CAGR of 15.8%, the modular robot market is anticipated to reach $15.8 billion in 2027. The market for modular robotics is being propelled forward by the growing use of robots in the electronics and automotive sectors. The automotive and electronics industries are using robots to automate processes.
IMPACT OF ONGOING RECESSION
Recessions can affect several businesses, including the robotics market, in different ways. Businesses frequently reduce capital expenditures and investments during a recession, which may have an impact on the uptake and development of cutting-edge technology like modular robotics. However, some industries may continue to see demand because of their capacity to boost productivity, save expenses, or meet particular demands. Modular robots reduce costs and boost efficiency in the automotive sector by raising industrial automation. Electronics manufacturing also makes use of modular robots to speed up production and cut expenses. A professional non-profit organization called Robotics claims that in 2021, there will be 34,988 new robot installations in the United States, a 15% increase. The largest adopter, with 9,783 robot units installed, was the automotive industry. Likewise, according to studies from the Massachusetts Institute of Technology, in 2020, technology economists estimate that four manufacturing sectors in the US will account for 70–80% of all robot usage, with the automotive industry using the most robots (39%) overall. Consequently, the rising use of robots in the automotive and electronics industries is propelling the modular market.
KEY MARKET SEGMENTATION
By Robot Type
Articulated modular robots
Cartesian modular robots
SCARA modular robots
Parallel modular robots
Collaborative modular robots
Other modular robots
Spherical robots
Cylindrical robots
By Industry
Automotive
Electrical and Electronics
Plastic, Rubber, and Chemicals
Metals and Machinery
Food & Beverages
Precision Engineering and Optics
Pharmaceuticals and Cosmetics
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
Due to the widespread deployment of advanced and autonomous robots in the area, North America is expected to hold the largest market share for modular robotics over the projection period. Additionally, advancements in grasping systems and related technologies have aided the expansion of the market for modular collaborative robots in this area.
During the projected period, Asia-Pacific is anticipated to dominate the modular robot market. The market for modular robots in this region is predicted to experience profitable growth due to the rising utilization of robots in the electronics and automotive industries. The rising adoption of factory automation is another reason that makes East Asia a desirable place for the modular robot industry. Additionally, factors including rising IT spending supported by several government initiatives in developing nations like China, Singapore, India, and South Korea are anticipated to fuel regional growth.
Key Players
The major key players are 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., Rethink Robotics, and others.
Acutronic Robotics-Company Financial Analysis
RECENT DEVELOPMENT
ABB: announced the acquisition of Codian Robotics in October 2020. With the help of Codian's expertise in high-precision pick-and-place robots for hygienically sensitive industries, including the food and beverage and pharmaceutical industries, ABB expanded its product line of industrial modular robots with this acquisition.
Yaskawa Electric: Corporation unveiled the MOTOMAN-GP300R, a multifunctional modular robot with a payload capacity of 300 kg and a maximum reach of 3,220 mm, in April 2020. The MOTOMAN-GP300R will be put to use in applications for moving body parts along a vehicle manufacturing line.
| Report Attributes | Details |
| Market Size in 2022 | US$ 10.5 Bn |
| Market Size by 2030 | US$ 40.68 Bn |
| CAGR | CAGR of 18.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Robot Type (Articulated modular robots, Cartesian modular robots, SCARA modular robots, Parallel modular robots, Collaborative modular robots, Other modular robots, Spherical robots, cylindrical robots) • By Industry (Automotive, Electrical and Electronics, Plastic, Rubber, and Chemicals, Metals and Machinery, Food & Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | 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., Rethink Robotics |
| Key Drivers | • Flexibility and personalization systems for modular robotics enable customization and flexibility in the development of robotic solutions suited to particular applications and sectors. • Cost effectiveness By permitting the reuse of similar components across several applications, modular robots frequently enable cost-effective solutions. • Simple Maintenance Modular designs save downtime and maintenance costs by making it simpler to identify and swap out malfunctioning parts. • Scalability is one of the systems that can readily be scaled up or down to accommodate shifting operational or production requirements. |
| Market Restrain | • Complex Integration of numerous modules and components can be technically difficult and necessitate specialist knowledge. • Initial Expenditure Although the initial investment in modular systems and their integration may be somewhat significant, modular robots might result in long-term cost benefits. |
The Modular Robotics Market is expected to grow at 18.1% CAGR from 2023 to 2030.
According to our analysis, the Modular Robotics Market is anticipated to reach USD 40.68 billion By 2030.
Hardware, software, and services constitute the market's offerings for modular robotics.
The leading participants the ABB Ltd., Acutronic Robotics, KUKA AG, Mitsubishi Electric Corp., FANUC Corporation, and Kawasaki Heavy Industries Ltd.
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TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Modular Robotics Market, By Robot Type
8.1 Articulated Modular Robots
8.2 Cartesian modular robots
8.3 SCARA modular robots
8.4 Parallel Modular Robots
8.5 Collaborative modular robots
8.6 Other Modular Robots
8.7 Spherical robots
8.8 Cylindrical robots
9. Modular Robotics Market, By Industry
9.1 Automotive
9.2 Electrical and Electronics
9.3 Plastic, Rubber, and Chemicals
9.4 Metals and Machinery
9.5 Food & Beverages
9.6 Precision Engineering and Optics
9.7 Pharmaceuticals and Cosmetics
9.8 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Modular Robotics Market, by Country
10.2.2North America Modular Robotics Market, By Robot Type
10.2.3 North America Modular Robotics Market, By Industry
10.2.4 USA
10.2.4.1 USA Modular Robotics Market, By Robot Type
10.2.4.2 USA Modular Robotics Market, By Industry
10.2.5 Canada
10.2.5.1 Canada Modular Robotics Market, By Robot Type
10.2.5.2 Canada Modular Robotics Market, By Industry
10.2.6 Mexico
10.2.6.1 Mexico Modular Robotics Market By Robot Type
10.2.6.2 Mexico Modular Robotics Market By Industry
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Modular Robotics Market by Country
10.3.1.2 Eastern Europe Modular Robotics Market By Robot Type
10.3.1.3 Eastern Europe Modular Robotics Market By Industry
10.3.1.4 Poland
10.3.1.4.1 Poland Modular Robotics Market By Robot Type
10.3.1.4.2 Poland Modular Robotics Market By Industry
10.3.1.5 Romania
10.3.1.5.1 Romania Modular Robotics Market By Robot Type
10.3.1.5.2 Romania Modular Robotics Market By Industry
10.3.1.6 Hungary
10.3.1.6.1 Hungary Modular Robotics Market By Robot Type
10.3.1.6.2 Hungary Modular Robotics Market By Industry
10.3.1.7 Turkey
10.3.1.7.1 Turkey Modular Robotics Market By Robot Type
10.3.1.7.2 Turkey Modular Robotics Market By Industry
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Modular Robotics Market By Robot Type
10.3.1.8.2 Rest of Eastern Europe Modular Robotics Market By Industry
10.3.2 Western Europe
10.3.2.1 Western Europe Modular Robotics Market by Country
10.3.2.2 Western Europe Modular Robotics Market By Robot Type
10.3.2.3 Western Europe Modular Robotics Market By Industry
10.3.2.4 Germany
10.3.2.4.1 Germany Modular Robotics Market By Robot Type
10.3.2.4.2 Germany Modular Robotics Market By Industry
10.3.2.5 France
10.3.2.5.1 France Modular Robotics Market By Robot Type
10.3.2.5.2 France Modular Robotics Market By Industry
10.3.2.6 UK
10.3.2.6.1 UK Modular Robotics Market By Robot Type
10.3.2.6.2 UK Modular Robotics Market By Industry
10.3.2.7 Italy
10.3.2.7.1 Italy Modular Robotics Market By Robot Type
10.3.2.7.2 Italy Modular Robotics Market By Industry
10.3.2.8 Spain
10.3.2.8.1 Spain Modular Robotics Market By Robot Type
10.3.2.8.2 Spain Modular Robotics Market By Industry
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Modular Robotics Market By Robot Type
10.3.2.9.2 Netherlands Modular Robotics Market By Industry
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Modular Robotics Market By Robot Type
10.3.2.10.2 Switzerland Modular Robotics Market By Industry
10.3.2.11 Austria
10.3.2.11.1 Austria Modular Robotics Market By Robot Type
10.3.2.11.2 Austria Modular Robotics Market By Industry
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Modular Robotics Market By Robot Type
10.3.2.12.2 Rest of Western Europe Modular Robotics Market By Industry
10.4 Asia-Pacific 10.4.1 Asia Pacific Modular Robotics Market by Country
10.4.2 Asia Pacific Modular Robotics Market By Robot Type
10.4.3 Asia Pacific Modular Robotics Market By Industry
10.4.4 China
10.4.4.1 China Modular Robotics Market By Robot Type
10.4.4.2 China Modular Robotics Market By Industry
10.4.5 India
10.4.5.1 India Modular Robotics Market By Robot Type
10.4.5.2 India Modular Robotics Market By Industry
10.4.6 Japan
10.4.6.1 Japan Modular Robotics Market By Robot Type
10.4.6.2 Japan Modular Robotics Market By Industry
10.4.7 South Korea
10.4.7.1 South Korea Modular Robotics Market By Robot Type
10.4.7.2 South Korea Modular Robotics Market By Industry
10.4.8 Vietnam
10.4.8.1 Vietnam Modular Robotics Market By Robot Type
10.4.8.2 Vietnam Modular Robotics Market By Industry
10.4.9 Singapore
10.4.9.1 Singapore Modular Robotics Market By Robot Type
10.4.9.2 Singapore Modular Robotics Market By Industry
10.4.10 Australia
10.4.10.1 Australia Modular Robotics Market By Robot Type
10.4.10.2 Australia Modular Robotics Market By Industry
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Modular Robotics Market By Robot Type
10.4.11.2 Rest of Asia-Pacific Modular Robotics Market By Industry
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Modular Robotics Market by Country
10.5.1.2 Middle East Modular Robotics Market By Robot Type
10.5.1.3 Middle East Modular Robotics Market By Industry
10.5.1.4 UAE
10.5.1.4.1 UAE Modular Robotics Market By Robot Type
10.5.1.4.2 UAE Modular Robotics Market By Industry
10.5.1.5 Egypt
10.5.1.5.1 Egypt Modular Robotics Market By Robot Type
10.5.1.5.2 Egypt Modular Robotics Market By Industry
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Modular Robotics Market By Robot Type
10.5.1.6.2 Saudi Arabia Modular Robotics Market By Industry
10.5.1.7 Qatar
10.5.1.7.1 Qatar Modular Robotics Market By Robot Type
10.5.1.7.2 Qatar Modular Robotics Market By Industry
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Modular Robotics Market By Robot Type
10.5.1.8.2 Rest of Middle East Modular Robotics Market By Industry
10.5.2 Africa
10.5.2.1 Africa Modular Robotics Market by Country
10.5.2.2 Africa Modular Robotics Market By Robot Type
10.5.2.3 Africa Modular Robotics Market By Industry
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Modular Robotics Market By Robot Type
10.5.2.4.2 Nigeria Modular Robotics Market By Industry
10.5.2.5 South Africa
10.5.2.5.1 South Africa Modular Robotics Market By Robot Type
10.5.2.5.2 South Africa Modular Robotics Market By Industry
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Modular Robotics Market By Robot Type
10.5.2.6.2 Rest of Africa Modular Robotics Market By Industry
10.6 Latin America
10.6.1 Latin America Modular Robotics Market by Country
10.6.2 Latin America Modular Robotics Market By Robot Type
10.6.3 Latin America Modular Robotics Market By Industry
10.6.4 Brazil
10.6.4.1 Brazil Modular Robotics Market By Robot Type
10.6.4.2 Brazil Modular Robotics Market By Industry
10.6.5 Argentina
10.6.5.1 Argentina Modular Robotics Market By Robot Type
10.6.5.2 Argentina Modular Robotics Market By Industry
10.6.6 Colombia
10.6.6.1 Colombia Modular Robotics Market By Robot Type
10.6.6.2 Colombia Modular Robotics Market By Industry
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Modular Robotics Market By Robot Type
10.6.7.2 Rest of Latin America Modular Robotics Market By Industry
11. Company Profile
11.1 ABB Ltd.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Robot Type/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Acutronic Robotics
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Robot Type/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 KUKA AG
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Robot Type/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Mitsubishi Electric Corp
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Robot Type/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 FANUC Corporation
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Robot Type/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Kawasaki Heavy Industries Ltd.
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Robot Type/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Yaskawa Electric Corporation
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Robot Type/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Denso Corporation
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Robot Type/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Universal Robots
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Robot Type/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Nachi-Fujikoshi Corp
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Robot Type/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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