Modular Robotics Global Market Report 2024

The global modular robotics market has grown rapidly in recent years. It will grow from $8.12 billion in 2023 to $9.47 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth observed in the historical period can be attributed to various factors including the increasing demand for customization, a focus on cost-efficiency and scalability, the evolution of industrial requirements, emphasis on lean manufacturing methodologies, the diverse range of applications, initiatives in training and education, elevated safety standards, as well as government initiatives and funding contributing significantly to this growth.

The global modular robotics market is expected to see rapid growth in the next few years. It will grow to $16.97 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. Anticipated growth in the forthcoming period is expected to be driven by several factors, including the emergence of small and medium-sized enterprises (SMEs), a heightened focus on rapid prototyping, increased customization in consumer electronics manufacturing, global resilience in supply chain management, the rising demand for lightweight and portable robotics, and a concentrated effort on developing user-friendly interfaces. Key trends projected for this period encompass collaborative and cooperative robotics, rapid advancements in robotic arm technologies, the integration of artificial intelligence (AI) into robotics, a focus on scalability, the diverse application of robotics across industries, the evolution of simulation and digital twin technologies, and the promotion of human-robot collaboration within warehouse automation systems.

The upward trajectory of robot integration in the automotive and electronics sectors propels the modular robotics market's growth. Automation uptake in these industries drives this surge, resulting in reduced expenses and heightened efficiency within automotive factories. Modular robotics also finds application in electronics manufacturing, streamlining production timelines and cutting costs. Statistics from 2022, sourced from the International Federation of Robotics, indicated a 14% surge in new robot installations in the United States, reaching 34,987, with the automotive industry adopting the most units at 9,782. Additionally, a 2020 study by Massachusetts Institute of Technology economists noted that automakers utilized 38% of robots among four key manufacturing sectors, comprising 70% of the overall robot usage in the United States. Hence, the increasing embrace of robotics in these industries propels the modular robotics market.

The burgeoning demand for automation anticipates driving the modular robotics market forward. Automation's essence lies in employing technology or machinery for tasks with minimal human intervention, significantly benefiting the operational fluidity of modular robotics across diverse industries. Through automation, these systems offer tailored, cost-efficient, and scalable robotic solutions. Notably, a report from the International Federation of Robotics in February 2022 indicated a 6% increase in industrial robots, totaling 23,000 units in UK factories from the preceding year. Consequently, the escalating need for automation serves as a catalyst for the modular robotics market's expansion.

Advanced technology emerges as a pivotal trend shaping the modular robotics market. Key market players strive for competitive advantages by embracing cost-effective technological advancements. Noteworthy is the May 2021 launch by OhmniLabs Inc., unveiling the Ohmni Modular Robotics Platform. This robust tool expedites the development and deployment of mobile service robots, streamlining production while curbing expenses. Its ultra-efficient manufacturing process significantly reduces development time and costs, enabling rapid fabrication of new designs at OhmniLabs' 3D printing facility.

In July 2021, ABB Group bolstered its automation repertoire by acquiring ASTI Mobile Robotics Group, solidifying its market position and expanding into new industry segments. This strategic acquisition uniquely positions ABB as the sole provider offering an all-encompassing automation portfolio.

In October 2021, ABB Ltd., a Swiss automation giant, completed the acquisition of ASTI Mobile Robotics SA for an undisclosed sum. This strategic move aims to broaden ASTI Mobile Robotics' product range, expanding beyond industrial and collaborative robot arms into the realm of Autonomous Mobile Robots (AMRs). ASTI Mobile Robotics SA, based in Spain, specializes in the production of mobile and modular robots.

Major companies operating in the modular robotics market report are Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Limited, Universal Robots A/S, DENSO Corporation, Rethink Robotics GmbH, KUKA AG, Nachi-Fujikoshi Corporation, Yamaha Motor Co. Ltd., Acmi SpA, Shibaura Machine, Stäubli International AG, Engel Austria GmbH, Comau SPA, Cassioli Group, ABB Ltd., Acutronic Robotics, LEGO System AS, FANUC Corporation, Adept Technology Inc., Epson Robots, Omron Adept Technologies Inc., Rockwell Automation Inc., Schneider Electric SE, Emerson Electric Co., Robert Bosch GmbH, Delta Electronics Inc., Beckhoff Automation GmbH & Co. KG, Kollmorgen Corporation, Advantech Co. Ltd.

Asia-Pacific was the largest region in the modular robotics market share in 2023. The regions covered in the modular robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the modular robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Different categories of modular robotics exist, including SCARA modular robots, articulated modular robots, Cartesian modular robots, parallel modular robots, and other variations. SCARA modular robots, for instance, are articulated robot arms known for their selective compliance, often utilized in streamlining assembly tasks. The hardware configurations encompass chain-based, lattice-based, and strut-based designs, typically deployed across industries such as automotive, electronics, chemicals, food and beverage, pharmaceuticals, and more.

This report provides modular robotics market statistics, including modular robotics industry global market size, regional shares, competitors with a modular robotics market share, detailed modular robotics market segments, market trends and opportunities, and any further data you may need to thrive in the modular robotics industry. This modular robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The module robotics market consists of sales of spherical robots, cylindrical robots, and collaborative modular robots. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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