Modular Robotics Market Booming Worldwide with Latest Trend and Future Scope by 2029

Modular robotics market is anticipated to grow at a CAGR of 17.5% during the forecast period. The growing investment in industrial automation and increasing adoption of collaborative modular robots owing to their benefits and features are some key factors driving the growth of the market.  Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their automotive production facilities and throughout their operations.

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The incorporation of industry 4.0 supports physical production and operations with smart digital technology manufacturing, machine learning, and data analytics which is accelerating the growth of the market during the forecast period. For instance, in June 2022, the Tamil Nadu government (India) launched a series of initiatives to support the state to become a $1 trillion economy by 2030, with a contribution of around $250 billion by the manufacturing sector. The Centre will provide a dedicated IT engineering ecosystem to support the micro small and medium enterprises (MSME) sector and students across Tamil Nadu. Further, it will support the growth of various industries such as aerospace, defense, automotive and electric vehicles. The government will equip the latest technologies such as a 3D experience platform for up-skilling and facilitating future-ready innovations regarding the modular robotics market.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2023-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Modular Robotics Market Report by Segment

By Robot Type

  • Articulated Modular Robots
  • SCARA Modular Robots
  • Collaborative Modular Robots

By End-User Industry

  • Automotive
  • Electrical & Electronics
  • Plastic
  • Rubber
  • Chemicals

Global Modular Robotics Market Report by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global modular robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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