Product Code: 138707-02-23
Overview:
Modular robotic systems are self-configurable modular robots or self-configuring robotic units that can reconfigure themselves to adapt to the changing environment. These robots are capable of performing different functions or roles such as designing, controlling, fabricating and motion controlling on the basis of their different shapes.
Modular robotics uses 3D patterned lattice architecture for assembling various components of the robot. The parts keep in connection by transmitting electrical and mechanical power. While performing operations if any part or module gets damaged, these robots can discard the damaged part and replace it with a new identical one and continue with the further operations. The self-healing capabilities of modular robotics provides a critical functionality for real-world applications like welding, drilling, pick and drop, etc. in industries including automation, electronics, machinery and metals.
Modular robotics provides speed and accuracy in the manufacturing and production processes. It helps in increasing the production volume, which thereby helps in meeting the market demand with great precision, flexibility and agility. High demand of the product from the automotive, electronics, machines and metals, and pharmaceuticals industries is driving huge demand for modular robots to upgrade their current manufacturing unit.
In terms of geography, Asia-Pacific led the overall modular robotics market in 2022. Strong presence of well-established players such as Yamaha Motors Co. Ltd., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and Fanuc Corporation across the region is driving the regional growth. Moreover, according to World Robots 2018 International Federation of Robots Industrial Report, automotive and electronics industry is amongst the leading end-users of modular robotics technology worldwide, particularly in Asia Pacific.
On the other hand, though the demand for modular robots is increasing, the complications occurred while designing robots and electronic controllers are hindering the growth of this market. Inter-operation of various components and integration with other robotics frameworks into existing facilities coupled with safe handling of industrial grade operations are some of the factors restraining the market growth. Moreover, high initial costs incurred for installing modular robotics assemblies for low volume production plant is another significant challenge impeding the growth of modular robotics market worldwide.
Key Players Identified in the Modular Robotics Market Include:
ABB, Kuka AG, Fanuc Corporation, Mitsubishi Electric Corporation, Robosynthesis, Yaskawa Electric Corporation, Comau Group, OTC Daihen Inc., Denso Corporation, Kawasaki Heavy Industries Ltd., Rethink Robotics, Nachi-Fujikoshi Corp, Staubli International AG, Toshiba Machine Co. Ltd., Universal Robots, and Yamaha Motor Co., Ltd. among others
Some of Recent News:
February, 2019 - Universal Robots announced its collaboration with Bharat Fritz Werner (BFW), manufacturer of India based machine tools. The partnership would help to merge the collaborative robots technology with MSME shop floors via a modular platform. In addition, it would also advance BFW's production capacity.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Modular Robotics market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Modular Robotics market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Component
Hardware
Software
Services
Robot Type
Articulated Modular Robots
Cartesian Modular Robots
SCARA Modular Robots
Parallel Modular Robots
Collaborative Modular Robots
Others (Spherical robots, cylindrical robots, etc.)
Industry Vertical
Automotive
Electrical and Electronics
Machinery and Metals
Chemical
Food & Beverages
Pharmaceuticals
Others (Precision Engineering and Optics, Oil and gas, Paper and Printing, etc.)
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2021-2022; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Modular Robotics market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Modular Robotics market?
Which is the largest regional market for Modular Robotics market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Modular Robotics market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Modular Robotics market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Modular Robotics Market
- 2.2. Global Modular Robotics Market, By Component, 2022 (US$ Million)
- 2.3. Global Modular Robotics Market, By Robot Type, 2022 (US$ Million)
- 2.4. Global Modular Robotics Market, By Industry Vertical, 2022 (US$ Million)
- 2.5. Global Modular Robotics Market, By Geography, 2022 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2022
3. Modular Robotics Market: Competitive Analysis
- 3.1. Market Positioning of Key Modular Robotics Market Vendors
- 3.2. Strategies Adopted by Modular Robotics Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Modular Robotics Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Modular Robotics Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Hardware
- 5.3.2. Software
- 5.3.3. Services
6. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Articulated Modular Robots
- 6.3.2. Cartesian Modular Robots
- 6.3.3. SCARA Modular Robots
- 6.3.4. Parallel Modular Robots
- 6.3.5. Collaborative Modular Robots
- 6.3.6. Others (Spherical robots, cylindrical robots, etc.)
7. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. Automotive
- 7.3.2. Electrical and Electronics
- 7.3.3. Machinery and Metals
- 7.3.4. Chemical
- 7.3.5. Food & Beverages
- 7.3.6. Pharmaceuticals
- 7.3.7. Others (Precision Engineering and Optics, Oil and gas, Paper and Printing, etc.)
8. North America Modular Robotics Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 8.3. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 8.4. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 8.5.Modular Robotics Market: By Region, 2021-2031, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 8.5.1.1.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 8.5.1.1.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 8.5.1.2.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 8.5.1.2.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 8.5.1.3.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 8.5.1.3.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
9. UK and European Union Modular Robotics Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.3. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.4. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 9.5.Modular Robotics Market: By Region, 2021-2031, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.5.1.1.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.5.1.1.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.5.1.2.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.5.1.2.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.5.1.3.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.5.1.3.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.5.1.4.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.5.1.4.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.5.1.5.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.5.1.5.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 9.5.1.6.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 9.5.1.6.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
10. Asia Pacific Modular Robotics Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.3. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.4. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 10.5.Modular Robotics Market: By Region, 2021-2031, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.5.1.1.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.5.1.1.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.5.1.2.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.5.1.2.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.5.1.3.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.5.1.3.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.5.1.4.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.5.1.4.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.5.1.5.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.5.1.5.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 10.5.1.6.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 10.5.1.6.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
11. Latin America Modular Robotics Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 11.3. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 11.4. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 11.5.Modular Robotics Market: By Region, 2021-2031, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 11.5.1.1.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 11.5.1.1.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 11.5.1.2.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 11.5.1.2.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 11.5.1.3.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 11.5.1.3.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
12. Middle East and Africa Modular Robotics Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 12.3. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 12.4. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 12.5.Modular Robotics Market: By Region, 2021-2031, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 12.5.1.1.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 12.5.1.1.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 12.5.1.2.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 12.5.1.2.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Modular Robotics Market: By Component, 2021-2031, USD (Million)
- 12.5.1.3.1. Modular Robotics Market: By Robot Type, 2021-2031, USD (Million)
- 12.5.1.3.1. Modular Robotics Market: By Industry Vertical, 2021-2031, USD (Million)
13. Company Profile
- 13.1. ABB
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Kuka AG
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Fanuc Corporation
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Mitsubishi Electric Corporation
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Robosynthesis
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Yaskawa Electric Corporation
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Comau Group
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. OTC Daihen Inc.
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Denso Corporation
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. Kawasaki Heavy Industries Ltd.
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. Rethink Robotics
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. Nachi-Fujikoshi Corp
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
- 13.13. Staubli International AG
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives
- 13.14. Toshiba Machine Co. Ltd.
- 13.14.1. Company Overview
- 13.14.2. Financial Performance
- 13.14.3. Product Portfolio
- 13.14.4. Strategic Initiatives
- 13.15. Universal Robots
- 13.15.1. Company Overview
- 13.15.2. Financial Performance
- 13.15.3. Product Portfolio
- 13.15.4. Strategic Initiatives
- 13.16. Yamaha Motor Co.Ltd
- 13.16.1. Company Overview
- 13.16.2. Financial Performance
- 13.16.3. Product Portfolio
- 13.16.4. Strategic Initiatives
- 13.17. Others
- 13.17.1. Company Overview
- 13.17.2. Financial Performance
- 13.17.3. Product Portfolio
- 13.17.4. Strategic Initiatives