The global modular robotics market is predicted to reach a value of $15.1 billion by 2030, exhibiting a CAGR of 9.9% between 2020 and 2030, as per P&S Intelligence. This is attributed to the burgeoning requirement of automation technologies such as modular robotics systems in manufacturing operations across the world.
Due to the COVID-19 pandemic and the subsequent lockdown imposed in several countries for containing the spread of the infection, there has been major disruptions in the operations of the original equipment manufacturers (OEMs) and the global supply chain, owing to which, the shipments have been affected severely.
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Depending on robot type, the modular robotics market is categorized into SCARA modular robotics system, articulated modular robotics system, collaborative modular robots, cartesian modular robots, and parallel modular robots. Out of these categories, the articulated modular robotics system division had the largest market share in the past. Moreover, this trend is likely to continue over the next few years. This is because of the increasing usage of these robots in various applications such as the handling of heavy automotive components in the automotive industry. In addition to this, these robots are being increasingly used in the metal and machinery industry in metal component handling applications.
The objective of this research includes;
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The Asia-Pacific (APAC) modular robotics market registered the highest growth as compared to the other regional markets over the past few years. This region is also predicted to dominate the market in the future years, on account of the surging investments being made by the electrical, electronics, and automotive companies, especially in India, South Korea, and China for the incorporation of automated systems and solutions in their manufacturing facilities.
The research includes detailed analysis of;
Based on Offering
Based on Robot Type
Based on Payload Capacity
Based on End User
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