Press release
Modular Robotics Market Expand At A CAGR Of Over 14% From 2019 To 2027
The global modular robotics market is expected to reach value of US$ 26,413.6 Mn by 2027 from US$ 6,876.9 Mn in 2019. The market is projected to expand at a CAGR of over 14% from 2019 to 2027. According to the report, the global market is expected to continue to be influenced by growing adoption of industrial automation across the world, strong presence of automotive and electronics industries, and ability of modular robots to change the configuration as per the manufacturer's need or production line requirement. Asia Pacific is estimated to continue to lead the global market, with the market in the region expanding at a CAGR of above 13% during the forecast period. Prominent economies in Asia Pacific, such as China, Japan, India, and South Korea, are adopting modular robotics increasingly.
Get report details- https://www.transparencymarketresearch.com/modular-robotics-market.html
Hardware component segment is dominant In terms of component, the global modular robotics market has been segmented into hardware, software, and services. Modular robotics consist of a large number of multiple hardware modules that can vary according to the given task. Furthermore, these connected multiple modules enable change in the size as well as shape of the robot as per the given task. Additionally, various end-effectors including clamps, grippers, and modules are provided by several companies, which can be attached to modular-type robots to perform a particular task. These end-effectors come with different specifications so as to cater to specific applications. Moreover, the hardware component segment is dominant, as modular robotics consist of several hardware components that can be applied interchangeably, which gives modular robotics a longer lifespan.
Request a Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=56643
Cobots segment to expand significantly In terms of robot type, the modular robotics market has been divided into cobots, articulated robots, SCARA, and others. Cobots i.e. collaborative robots perform tasks in collaboration with workers in an industrial environment. Currently, the demand for collaborative modular robots is not significant; however, it is expected to increase a high rate during the forecast period. The significant growth rate can be attributed to various advantages offered by cobots. Significantly automated industries, such as automotive and electronics, which are prominent users of industrial robots, are developing collaborative robots alongside traditional industrial robots to perform certain tasks. Moreover, with the advancement in technologies pertaining to end-effectors such as grippers, controllers, and various robotic modules, adoption of collaborative robots is projected to increase across the global manufacturing industry in the next few years.
Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=56643
Asia Pacific to continue to hold a major share of the global modular robotics market In terms of revenue, Asia Pacific accounts for a major share of the global market for modular robotics. Leading share of this region is primarily attributable to strong presence of well-established players and dominance of highly automated industries, such as automotive and electronics, across the region; especially in prominent economies such as China, Japan, South Korea, and India. These well-established players include Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., and FANUC CORPORATION. Furthermore, presence of a prominent electronics industry, rising sales of local robot suppliers, and growing industrial automation across the region are factors driving the market in Asia Pacific. However, the market in Europe is projected to expand at a rapid pace during the forecast period, owing to significant adoption of industrial automation across automotive, food & beverages, and electronics industries in the region and the region being home to numerous well-established as well as emerging players including Universal Robots A/S, KUKA AG, and ABB. These players are innovating new modular robotics products and helping manufacturers in reducing the production cost.
Key players such as ABB, FANUC CORPORATION, KUKA AG, Universal Robots A/S, Mitsubishi Electric Corporation, and Kawasaki Heavy Industries, Ltd. to lead the global market
How Modular Robotics Market will recover after covid19- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=56643
The report includes profiles of well-established players operating in the global modular robotics market. These include Bender GmbH & Co. KG, ABB, Viper Innovations Ltd, Schneider Electric, Littelfuse, Inc., and HAKEL LTD. These players are focused on strategic collaborations and providing technologically advanced products to customers. In February 2019, Universal Robots A/S announced a partnership with Bharat Fritz Werner (BFW), a manufacturer of machine tools based in India. The partnership would carry the technology pertaining to collaborative robots on a modular platform to MSME shop floors. Moreover, it would enhance the production efficiency of BFW.
More Trending Reports by Transparency Market Research:
Industrial Robotics Market- https://www.transparencymarketresearch.com/global-industrial-robotics-market.html
Warehouse Robotics Market- https://www.transparencymarketresearch.com/warehouse-robotics-market.html
Robotics Market -https://www.transparencymarketresearch.com/robotics-market.html
Commercial Robotics Market- https://www.transparencymarketresearch.com/commercial-robotics-market.html
Mobile Robotics Market- https://www.transparencymarketresearch.com/mobile-robotics-market.html
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Get report details- https://www.transparencymarketresearch.com/modular-robotics-market.html
Hardware component segment is dominant In terms of component, the global modular robotics market has been segmented into hardware, software, and services. Modular robotics consist of a large number of multiple hardware modules that can vary according to the given task. Furthermore, these connected multiple modules enable change in the size as well as shape of the robot as per the given task. Additionally, various end-effectors including clamps, grippers, and modules are provided by several companies, which can be attached to modular-type robots to perform a particular task. These end-effectors come with different specifications so as to cater to specific applications. Moreover, the hardware component segment is dominant, as modular robotics consist of several hardware components that can be applied interchangeably, which gives modular robotics a longer lifespan.
Request a Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=56643
Cobots segment to expand significantly In terms of robot type, the modular robotics market has been divided into cobots, articulated robots, SCARA, and others. Cobots i.e. collaborative robots perform tasks in collaboration with workers in an industrial environment. Currently, the demand for collaborative modular robots is not significant; however, it is expected to increase a high rate during the forecast period. The significant growth rate can be attributed to various advantages offered by cobots. Significantly automated industries, such as automotive and electronics, which are prominent users of industrial robots, are developing collaborative robots alongside traditional industrial robots to perform certain tasks. Moreover, with the advancement in technologies pertaining to end-effectors such as grippers, controllers, and various robotic modules, adoption of collaborative robots is projected to increase across the global manufacturing industry in the next few years.
Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=56643
Asia Pacific to continue to hold a major share of the global modular robotics market In terms of revenue, Asia Pacific accounts for a major share of the global market for modular robotics. Leading share of this region is primarily attributable to strong presence of well-established players and dominance of highly automated industries, such as automotive and electronics, across the region; especially in prominent economies such as China, Japan, South Korea, and India. These well-established players include Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., and FANUC CORPORATION. Furthermore, presence of a prominent electronics industry, rising sales of local robot suppliers, and growing industrial automation across the region are factors driving the market in Asia Pacific. However, the market in Europe is projected to expand at a rapid pace during the forecast period, owing to significant adoption of industrial automation across automotive, food & beverages, and electronics industries in the region and the region being home to numerous well-established as well as emerging players including Universal Robots A/S, KUKA AG, and ABB. These players are innovating new modular robotics products and helping manufacturers in reducing the production cost.
Key players such as ABB, FANUC CORPORATION, KUKA AG, Universal Robots A/S, Mitsubishi Electric Corporation, and Kawasaki Heavy Industries, Ltd. to lead the global market
How Modular Robotics Market will recover after covid19- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=56643
The report includes profiles of well-established players operating in the global modular robotics market. These include Bender GmbH & Co. KG, ABB, Viper Innovations Ltd, Schneider Electric, Littelfuse, Inc., and HAKEL LTD. These players are focused on strategic collaborations and providing technologically advanced products to customers. In February 2019, Universal Robots A/S announced a partnership with Bharat Fritz Werner (BFW), a manufacturer of machine tools based in India. The partnership would carry the technology pertaining to collaborative robots on a modular platform to MSME shop floors. Moreover, it would enhance the production efficiency of BFW.
More Trending Reports by Transparency Market Research:
Industrial Robotics Market- https://www.transparencymarketresearch.com/global-industrial-robotics-market.html
Warehouse Robotics Market- https://www.transparencymarketresearch.com/warehouse-robotics-market.html
Robotics Market -https://www.transparencymarketresearch.com/robotics-market.html
Commercial Robotics Market- https://www.transparencymarketresearch.com/commercial-robotics-market.html
Mobile Robotics Market- https://www.transparencymarketresearch.com/mobile-robotics-market.html
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
