Global Modular Robotics Market Report and Forecast 2024-2032

Global Modular Robotics Market Outlook

The global modular robotics market size reached a value of more than USD 7.25 billion in 2023. The market is expected to grow at a CAGR of around 13.80% between 2024 and 2032. The growth of the market can be attributed to the increasing implementation in different industries due to their cost-effectiveness and versatility.

Global Modular Robotics Market Trends

Modular robotics refer to the development of robots that are created to perform a series of tasks with the help of instructions provided through a computer. These robots consist of multiple mechatronic modules, which are used to build the robot in different shapes. These are advanced robots that have sensors, actuators, and processors.

• Multiple advantages provided by modular robotics have propelled companies in multiple sectors to implement such machines. Modular robotics can help companies to increase the productivity and scalability of operations.

• Modular robotics is increasingly being adopted by the automotive industry as they help in improving the manufacturing process by a significant amount. The modular robots’ ability to do various tasks by adjusting and connecting into various forms has significantly aided the market growth.

• The technological advancements and implementation of artificial intelligence and machine learning are creating new opportunities for market growth. As new and improved robotics are introduced in the market, it will help in enhancing the market demand.

• Modular robots are comparatively more cost-effective than fixed-morphology soft robots. Modular robots can be easily enabled with complex functionalities such as self-assembly and self-repair. These robots can be re-arranged according to changing tasks and the environment, connecting the modules.

Global Modular Robotics Market Analysis

Based on component, the market can be segmented into hardware, software, and services. Based on the robot type, it can be bifurcated into articulated modular robots, parallel modular robots, SCARA modular robots, spherical robots, cartesian modular robots, and collaborative modular robots, among others. Based on end-use, the market segmentations include residential, commercial, and industrial. In addition, the industrial segment is further divided by type into automotive, electronics, food and beverages, pharmaceutical, rubber and plastics, metals and machinery, among others. The regional markets for the modular robotics market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global modular robotics market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Unbox Robotics

• Universal Robots A/S

• KUKA AG

• 3D HUBS B.V.

• Umbratek

• Others

End-Users in the Market Utilising Modular Robotics

Based on end-use, the market can be categorised into residential, commercial, and industrial. Among these segments, the industrial segment is expected to account for a significant portion of the market owing to the growing implementation of modular robotics in various industrial operations.

The automotive industry has been the largest adopter of modular robotics. The industry has used these systems extensively since the early stage of introduction of the robotics. With the rapid development of the automotive industry, the market players in the industry are increasingly demanding modular robotics and meeting the rising market demand for cars and other vehicles.

In the industrial segment, the electronics industry is expected to project rapid growth due to a significant shift in the adoption of modular robotics. The paradigm shift in the industry is due to the miniaturisation of electrical components and the rising complexity of the manufacturing process.

Regional Outlook for Modular Robotics Market

Based on regional markets, the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

North America is expected to lead the modular robotics market globally owing to the adoption of surface mount technology in the field of robotics. Furthermore, advancements in gripping systems and associated technologies are predicted to aid the expansion of the market at a reasonable CAGR in the region. To improve their robotics business process, various key market players are increasing their collaborative and partnership efforts with other market players to develop advanced machines and enhance their market presence.

Asia Pacific is also expected to register a high growth rate owing to the rapid technological developments and increasing investment by several government programs. Countries such as China, India, Singapore, and South Korea are some of the major nations to show rapid growth.

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Competitive Landscape

Universal Robots A/S is an automation machinery manufacturing company with its headquarters located in Odense, Denmark. The company was established in 2005 and has sold over 50,000 collaborative robots to be utilized in a production environment. Universal Robots specializes in robotics automation, process optimisation, lightweight robots, collaborative robots, and industrial automation, among others.

KUKA AG is one of the world’s largest leading suppliers of intelligent robotics. It is a German-based company, headquartered in Augsburg, Germany, with a focus on manufacturing and distributing industrial robots that enable factory automation . The company was founded in 1898 and the ownership was taken by the Chinese company Midea Group in 2016. KUKA specialises lies in industrial robotics, service robotics, automation, software, controllers, medical robotics, the automotive industry, electronics, healthcare, and retail logistics, among others.

3D HUBS B.V. is an online platform providing services related to industrial machinery manufacturing. The company is now known as HUBS, it is a platform that helps in accessing the global network of manufacturing services which includes CNC machining, 3D printing, injection moulding, and sheet metal fabrication.

The company was established in 2013 and its headquarter is in Amsterdam, Netherlands. They were acquired by Protolabs in 2021 and since their establishment, they have produced around 7 million parts.

Other market players for modular robotics include Umbratek and Unbox Robotics, among others.

Key Highlights of the Report