The supply chain of Modular Robotics market is diverse and with ample future potential, fastest growing emerging markets like India, Brazil, and Indonesia are creating a buzz among market players. The revenue growth for market players in these countries are expected to range between 19.5% and 28.4% annually which is a way above the global average of 20.3%. Moreover, the key opportunities, such as emerging markets, collaborative robotics and sustainability focus, are anticipated to create revenue pockets.
Leading players such as ABB, FANUC, KUKA, Yaskawa, Universal Robots, Intuitive Surgical, Modular Robotics Inc, ReWalk Robotics, Amazon Robotics, Rethink Robotics, Bosch Rexroth and Harmonic Drive are well placed to compete within the global market and shifting focus & efforts to improve market position in the frontier markets.
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Market Dynamics
Demand for Automation: The increasing demand for automation in industries is leading to the popularity of modular robotics, which are appealing to manufacturers and logistics providers due to their versatility, in adapting to different uses.
Technological Advancements: Breakthroughs in intelligence (AI) machine learning (ML) and the Internet of Things (IoT) are driving the creation of intelligent modular robot systems that are smarter and more capable than ever before. This progress boosts functions, like sight precision and agility.
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