iCrowd Newswire – Jul 16, 2020
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;
- Historical and the present size of the modular robotics market
- Future potential of the market through its forecast for the period 2020– 2030
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the gene therapy market and their service offerings
- Recent strategic developments by the major players in the market
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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
- Driver module
Based on Robot Type
- Articulated Modular Robots
- Cartesian Modular Robots
- Selective Compliance Assembly Robot Arm (SCARA) Modular Robots
- Parallel Modular Robots
- Collaborative Modular Robots
Based on Payload Capacity
- 1–16.0 Kg
- 16.1–60.0 Kg
- 60.1–225.0 Kg
- More Than 225.0 Kg
Based on End User
- Electrical & Electronics
- Plastics & Rubber
- Metals & Machinery
- Food & Beverages
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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