Modular Robotics Market

Modular Robotics Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The modular robotics market size is expected to reach US$ 50 billion by 2032.

The modular robotics market is expected grow at a CAGR of 18% from 2023 to 2032.

The modular robotics market was estimated to be US$ 9.5 billion in 2022.

The global modular robotics market is driven by key factors including, increasing adoption of automation across various industries, growing demand for flexible and adaptable robotic systems and the need for collaborative robots, or cobots.

The key players in modular robotics market are ABB, FANUC Corporation, Festo AG & Co. KG, KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corporation, Omron Corporation, Rethink Robotics, Rockwell Automation, Inc., Siasun Robot & Automation Co., Ltd., Stäubli International AG, Universal Robots A/S, Yaskawa Electric Corporation, Yamaha Motor Co., Ltd., YRG Robotics and many more.

The articulated modular robot segment is largest segment in the market. The popularity of articulated modular robots can be attributed to their versatility and ability to perform complex tasks that require dexterity and maneuverability.

The modular robotics market in North America is driven by the adoption of automation across industries such as manufacturing, healthcare, and logistics.