Modular Robotics Market Trend Analysis, Review, Growth and Forecast 2023

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MarketsandMarkets Presents
The Modular Robotics Market is expected to grow
from USD 4.70 billion in 2018 to USD 10.76
billion by 2023, at a CAGR of 18.00. The growth
of the Modular Robotics Market is driven by
factors such as growing investment in industrial
automation and increasing adoption of
collaborative modular robots owing to their
benefits and features.
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MarketsandMarkets Presents
Articulated Modular Robots to hold largest share
of market by 2018 Owing to the high rate of
adoption of articulated modular robots in the
automotive industry for handling heavy automotive
parts and in the metal and machinery industry for
handling heavy metal sheets and components, these
robots are expected to hold the largest share of
the Modular Robotics Market by 2018. Get PDF
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MarketsandMarkets Presents
Market for metals and machinery to grow at
highest CAGR during 20182023 The Modular
Robotics Market for the metals and machinery
industry is expected to grow at the highest CAGR
during the forecast period. This industry
presents an increasing demand for automation in
the recent years and has responded quickly by
gradually replacing manual or less flexible
automated processes with robotics, in addition to
other technologies, such as motion control and
machine learning.
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MarketsandMarkets Presents
Modular Robotics Market in APAC to grow at
highest CAGR during forecast period The Modular
Robotics Market in APAC is expected to grow at
the highest CAGR during the forecast period. The
increasing investment in automation by the
automotive, and electrical and electronics
players, especially in countries such as China,
South Korea, and India, is expected to be the key
driver for the market in APAC.
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MarketsandMarkets Presents
Key Players ABB Ltd. (ABB, Switzerland), KUKA AG
(KUKA, Germany), Mitsubishi Electric Corp.
(Mitsubishi, Japan), FANUC Corporation (Fanuc,
Japan), Kawasaki Heavy Industries Ltd. (Kawasaki
Heavy Industries, Japan), and Yaskawa Electric
Corporation (Yaskawa, Japan) are a few key
players in the Modular Robotics Market. Browse
For More Details - https//www.marketsandmarkets.c
om/Market-Reports/modular-robotic-market-162980727
.html
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MarketsandMarkets Presents
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MarketsandMarkets Presents
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