NEWARK, Del, June 30, 2024 (GLOBE NEWSWIRE) — In response to Future Market Insights, the modular robotic market is poised for vital development, with its dimension anticipated to extend from US$ 12.69 billion in 2024 to US$ 66.42 billion by 2034. Over the subsequent decade, a unprecedented 18.0% CAGR within the demand for modular robotics is projected to drive the enlargement, which had seen a CAGR of 16.3% between 2019 and 2023.
Rising demand for automation throughout industries is driving the adoption of modular robotics. Firms in search of adaptability and connectivity of their operations are more and more turning to modular robotics for streamlined and sensible manufacturing. Modular robotic methods’ scalability fosters responsive sensible factories and permits companies to adapt to surfacing market calls for swiftly.
Technological developments in sensors and AI are enhancing the efficiency and flexibility of modular robots. Furthermore, the cost-effectiveness of modular robotic methods in comparison with conventional automation options is attracting extra companies.
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Rising emphasis on security in manufacturing environments is prompting the adoption of modular robots for hazardous duties. The scalability of modular robotic methods permits companies to increase their automation capabilities as wanted simply.
“The speedy enlargement of Japan and China in modular robotics is inflicting concern for the present frontrunners. They’re going through challenges as a result of these two international locations are rapidly catching up available in the market. They’re investing closely in analysis and improvement, resulting in revolutionary developments in modular robotics.” says Nikhil Kaitwade (Affiliate Vice President at Future Market Insights, Inc.)
Key Takeaways
- America is about to exhibit steady development within the modular robotic trade, with a projected 16.70% CAGR from 2024 to 2034, pushed by a surge in technological developments and elevated demand for automation options.
- China’s modular robotic trade is projected to increase constantly, with an estimated 21.80% CAGR via 2034, attributed to the nation’s sturdy manufacturing sector and sturdy authorities assist for the development of robotics.
- The modular robotic market in South Korea is prone to present a 20.20% CAGR between 2024 and 2034, influenced by its fame as a world chief in know-how and innovation and authorities initiatives geared toward selling automation.
- Japan’s modular robotic trade is projected to develop at a 22.25% CAGR via 2034, propelled by its longstanding custom of precision engineering and strategic partnerships between trade leaders.
- The Germany modular robotic trade is prone to exhibit a 19.80% CAGR from 2024 to 2034, impacted by its standing as an engineering powerhouse and a hub for superior manufacturing.
Key Gamers’ Methods for Success within the Modular Robotic Market
Listed below are some key methods that gamers within the modular robotic trade make use of for fulfillment:
- Steady innovation in modular designs
- Collaboration with researchers for cutting-edge know-how
- Customization choices to fulfill numerous wants
- Streamlined manufacturing processes for effectivity
- Resilient give attention to high quality management and consistency
- Developing strategic partnerships with suppliers and distributors
- Funding in analysis and improvement for future developments
Top10 Key Gamers within the Modular Robotic Trade
- ABB Ltd.
- Acutronic Robotics
- KUKA AG
- Mitsubishi Electrical Corp.
- FANUC Company
- Kawasaki Heavy Industries Ltd.
- Yaskawa Electrical Company
- Denso Company
- Common Robots
- Nachi-Fujikoshi Corp.
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Current Developments
- In July 2022, Beckhoff unveiled the ATRO (Automation Expertise for Robotics) Modular Robotic. This DIY robotic tech is modular, customizable, and opens up thrilling prospects for finish customers, system integrators, and OEMs with regards to robotic automation.
- In Could 2021, OhmniLabs shared information about their new Ohmni Modular Robotics Platform, which makes creating cellular robots quicker. With this platform, prospects can simply design their very own robots utilizing a set of preselected elements.
Key Segments within the Modular Robotics International Market Report
By Product Kind:
- SCARA Modular Robots
- Articulated Modular Robots
- Cartesian Modular Robots
- Parallel Modular Robots
By {Hardware} Design:
- Chain-based
- Lattice-based
- Strut-based
By Configuration:
- Auto-Configuration
- Guide Configuration
By Finish Use Trade:
- Automotive
- Electronics & Electrical
- Chemical
- Meals & Drinks
- Pharmaceutical
- Others
By Area:
- North America
- Latin America
- Asia Pacific
- Europe
- MEA
Discover wide-ranging Protection of FMI’s Industrial Automation Market Insights Panorama
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR licensed, recipient of the Stevie Award, and a member of the Higher New York Chamber of Commerce) affords profound insights into the driving elements which are boosting demand available in the market. FMI stands because the main international supplier of market intelligence, advisory providers, consulting, and occasions for the Packaging, Meals and Beverage, Client Expertise, Healthcare, Industrial, and Chemical substances markets. With an unlimited staff of over 400 analysts worldwide, FMI offers international, regional, and native experience on numerous domains and trade developments throughout greater than 110 international locations.
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