A recent report published by Infinium Global Research on
modular robotics market provides in-depth analysis of segments and sub-segments
in the global as well as regional modular robotics market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional modular robotics market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global modular robotics market. According to the report, the global
modular robotics market is projected to grow at a CAGR of 13.8% over the
forecast period of 2019-2025.
Modular robotics is gaining a lot of traction in the
numerous end-user industries across the globe. It is estimated that the global
modular robotics market will grow at a substantial rate in the next few years.
With the rapid growth in digital modernization and increasing digital literacy
of the consumers across the world, thereby a significant emergence of
Robots-As-A-Service (RAAS) model, which in turn, companies working in
industries are complete larger tasks done in a shorter time through virtual
means.
A recent report published by Infinium Global Research on modular robotics market is driven by the growing adoption of industrial automation
across the globe, rising industrial revolution, coupled with a growing the penetration rate of collaborative modular robots owing to their benefits and
advanced features. Furthermore, modular robotics provides a better solution
which has self-healing capabilities and higher utilization as compared to the
traditional robotics is likely to augments market growth. Additionally, the
growing application of mobile robotics in various industry verticals such as
electrical and electronics, automotive, plastics, rubber and chemical, food
& beverages, and pharmaceuticals, thereby leading to the growth of modular
robotics market during the forecast period. However, complexity in the robot’s design
controlling electronics could hamper the market growth. Going further,
increasing adoption of the robotics-as-a-service model is anticipated to provide
beneficial opportunities for the global modular robotics market in the coming
years.
The Asia-Pacific region dominates the modular robotics
market over the forecast period owing to the presence of well-established
automotive and electronics manufacturers. The developing countries such as
China, Japan, South Korea, and India is accounted to a major share of the
modular robotics market. Also, the high adoption rate of industrial automation
across the Asia-Pacific region is a key driver for the market. However, Europe
is expected to expand at a rapid pace due to the presence of well-established
players and increasing adoption of modular robotics in automotive, food &
beverages, and electronics and many other industries. Furthermore, the major
companies profiled in the global modular robotics market are more focused on
strategic partnerships and providing technologically advanced products to meet
the evolving customer requirements.
The report on global modular robotics market covers segments
such as robot type, and application. On the basis of robot type, the
sub-markets include articulated robots, SCARA, and other robot types. On the
basis of application, the sub-markets include electronic, food and beverages,
pharmaceutical, rubber and chemicals, and other applications.
The report provides profiles of the companies in the market
such as Yaskawa Electric Corporation, FANUC, Mitsubishi Electric Corporation,
KUKA, ABB, Littelfuse, Inc, Schneider Electric SE, Universal Robots, and Other
Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings
an insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of modular robotics
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players
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