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Global Modular Robotics Market : Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Modular robotic systems are modular robots or self-configuring robotic units that can reconfigure themselves to adapt to changing environments. On the basis of their different shapes, these robots are capable of performing different functions or roles, such as designing, controlling, fabricating, and controlling motion.

Modular robotics uses a 3D-patterned lattice architecture for assembling various components of the robot. The parts keep in touch by transmitting electrical and mechanical power. While performing operations, if any part or module gets damaged, these robots can discard the damaged part, replace it with a new identical one, and continue with the further operations.

The self-healing capabilities of modular robotics provide critical functionality for real-world applications like welding, drilling, pick and drop, etc., in industries including automation, electronics, machinery, and metals.

Modular robotics provides speed and accuracy in the manufacturing and production processes. It helps in increasing the production volume, which thereby helps in meeting the market demand with great precision, flexibility, and agility. High demand for the product from the automotive, electronics, machines and metals, and pharmaceutical industries is driving huge demand for modular robots to upgrade their current manufacturing unit.

In terms of geography, Asia-Pacific led the overall modular robotics market in 2018. The region's growth is being driven by the presence of well-established players such as Yamaha Motor Co., Ltd., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and Fanuc Corporation.

Moreover, according to the 2018 International Federation of Robots Industrial Report, the automotive and electronics industries are among the leading end-users of modular robotics technology worldwide, particularly in Asia Pacific.

On the other hand, though the demand for modular robots is increasing, the complications that occur while designing robots and electronic controllers are hindering the growth of this market. Inter-operation of various components and integration with other robotics frameworks into existing facilities, coupled with safe handling of industrial-grade operations, are some of the factors restraining the market's growth.

Moreover, the high initial costs incurred for installing modular robotics assemblies in low-volume production plants is another significant challenge impeding the growth of the modular robotics market worldwide.

The global modular robotics market is segmented on the following basis:

Component

  • Hardware
  • Software
  • Services

Robot Type

  • Articulated modular robots
  • Cartesian modular robots
  • SCARA modular robots
  • Parallel modular robots
  • Collaborative modular robots
  • Others (spherical robots, cylindrical robots, etc.)

Industry Vertical

  • Automotive
  • Electrical and Electronics
  • Machinery and Metals
  • Chemical
  • Food & Beverages
  • Pharmaceuticals
  • Others (precision engineering and optics, oil and gas, paper and printing, etc.)

Geography

  • North America
  • S.
  • rest of North America
  • Europe
  • K.
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Middle East and Africa
  • Latin America 

Key players identified in the modular robotics market include:

ABB, Kuka AG, Fanuc Corporation, Mitsubishi Electric Corporation, Robosynthesis, Yaskawa Electric Corporation, Comau Group, OTC Daihen Inc., Denso Corporation, Kawasaki Heavy Industries Ltd., Rethink Robotics, Nachi-Fujikoshi Corp., Staubli International AG, Toshiba Machine Co., Ltd., Universal Robots, and Yamaha Motor Co., Ltd., among others.

Frequently Asked Question:

The market for Modular Robotics Market is expected to reach USD$ XX in 2027.

The Modular Robotics Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Comau Group, OTC Daihen Inc., Denso Corporation, Kawasaki Heavy Industries Ltd., Rethink Robotics, Nachi-Fujikoshi Corp. are some of the major players in the global market.

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Godaddy
Published Date:  May 2019
Category:  Technology & Media
Report ID:   59696
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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