views
Industry revenue for Modular Robotics is estimated to rise to $107.2 billion by 2035 from $11.7 billion of 2023. U.S., China, and Germany are the top 3 markets and followed by Japan and South Korea. These major five combinely holds substantial demand share and compounded annual sales growth of market players in these countries are expected to range between 19.5% and 28.4% annually for period 2024 to 2035.
Industry Leadership and Strategies
Asia-Pacific and North America are the two most active and leading regions in the market. With challenges like high initial costs, complex integration and cybersecurity concerns, Modular Robotics market’s supply chain from component supplier / system integrator to end-user industry, is expected to evolve & expand further. Companies 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 in the market.
Below table analyse the details of major applications, leading players and their strategies.
Application Area |
Leading Providers |
Provider Strategies |
Manufacturing |
ABB, KUKA |
Modular assembly and welding solutions |
Healthcare |
Intuitive Surgical, ReWalk Robotics |
Precision surgical systems and rehabilitation robots |
Logistics |
Amazon Robotics, FANUC |
Warehouse management and order fulfillment |
Education |
Modular Robotics Inc., LEGO Education |
Educational robotic kits for programming and design |
Industry Opportunities
Emerging Markets: In regions like Asia Pacific and Latin America the growing industrialization presents prospects for companies offering modular robotics solutions bolstered by rising government funding, in automation initiatives.
Collaborative Robotics: The advancements in modular robots known as cobots bring new possibilities for improving interactions between humans and machines, in various industrial and service settings.
For a more detailed report and analysis visit
https://datastringconsulting.com/industry-analysis/modular-robotics-market-research-report
About DataString Consulting
DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.
DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
Comments
0 comment