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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.
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.
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.
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.
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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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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Robot Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for modular robotics reached a size of nearly USD 7.25 billion in 2023.
The market is expected to grow at a CAGR of 13.80% during the forecast period of 2024-2032.
The market growth is driven by the increasing adoption of robotics in manufacturing processes of various industries and rising implementation of automation in the automotive industry.
Factors like increasing technological advancements and implementation of artificial intelligence and machine learning, the versatility of modular robotics provide the market with new growth opportunities.
The regional markets for the modular robotics include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The components of modular robotics in the market include hardware, software, and services.
The modular robotics are available in various robot types including articulated modular robots, parallel modular robots, SCARA modular robots, spherical robots, cartesian modular robots, and collaborative modular robots, among others.
The end-uses of modular robotics can be categorised into residential, commercial, and industrial.
The key players in the market include Unbox Robotics, Universal Robots A/S, KUKA AG, 3D HUBS B.V., and Umbratek, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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