Market overview:

The Modular Robotics Market was valued at $5.56 billion in 2022 and is estimated to reach $16.73 billion by 2028, with a CAGR of 12.0% from 2022 to 2027.

Modular robots are self-configuring machines comprised of a large number of separate parts that have no fixed shape. They can perform a number of tasks by independently and dynamically rearranging their geometric structures. Modular robots can be split into small, identical models for mass production or joined and recombined to create a single large model for specialized usage. As these robots are composed of many similar atoms, it is simple to repair them by swapping out malfunctioning atoms with healthy ones. Modular robots are gaining popularity across a variety of industries, including the automotive, industrial, healthcare, and others, thanks to their adaptability, durability, and optimal performance.

The demand for modular robotics will rise as a result of the expansion of residential and industrial infrastructure, including chemical plants, public gardens, corporate housing, and others.

Market Drivers and Restraints:

A significant development in the modular robot market is the adoption of IIoT in industrial production, which has changed the industrial sector in terms of manufacturing capacities. Through improving efficiency, streamlining maintenance, asset monitoring, and other processes, IIoT is enabling a new age of industrial growth and development in modern manufacturing. With the aid of improved data insights and real-time tracking, machine maintenance may be scheduled in advance. The IIoT is bringing about significant changes to companies by converting linear, conventional manufacturing supply chains into networked, dynamic systems.

The high initial installation cost for low-volume manufacturing applications and the complexity of modular robotics systems' designs are two major issues that are projected to impede the growth of the global market for self-reconfiguring modular robots.

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https://www.marketdataforecast.com/market-reports/modular-robotics-market

The report is segmented as follows:

The Modular Robotics Market is segmented by Robot Type; the Market is segmented by End Users:

By Robot Type (Cartesian robots, Scara robots, Collaborative robots (Cobots), Articulated robots, Parallel robots and Others)

By End Users (Food & Beverages, Automotive, Healthcare, Electrical & Electronics, Chemicals, Metals & Machinery and Others)

Regional Segmentation:

The market for modular robots is anticipated to grow significantly in the APAC region over the anticipated time frame. The necessity for modular robots has been significantly influenced by the growing dominance of industrial sectors like automotive and electronics in China, India, Japan, and other nations, as well as by the evolving push toward Industry 4.0 trends. The region will see a surge in modular robots due to high R&D costs as well as increased assistance for the renovation of healthcare facilities. The substantial demand for modular robots has been supported by the existence of important market players like Mitsubishi Electric Corporation, Yaskawa Electric Company, Toshiba Machine Co Ltd., and others. In August 2020, Indian markets will welcome the introduction of a line of collaborative robots by Mitsubishi Electric under the name MELFA ASSISTA. In order to offer end-user clients the highest levels of productivity, flexibility, and automation, these robots are outfitted with safety features like collision detection as well as with international safety and robotic standards. The market for modular robots is anticipated to increase favorably as a result of these advancements.

Impact of COVID-19 pandemic on the market:

The Covid-19 pandemic is currently having an impact on the modular robotics business, which has led to a slowdown in the supply of parts including manipulators, controllers, and motor modules. This causes a slowdown in the factories that make modular robots, which causes a halt in the delivery of finished goods. Even the end-user sector has been severely impacted, particularly as a result of the widespread use of lockdowns to stop the virus's propagation, which has decreased the demand for modular robotic systems in 2020. The custom product business, on the other hand, is increasingly adopting modular robots technology to maintain its product line changing often and affordably, which creates a wealth of potential for the market players in the forecasted period.

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