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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