Modular Robotics Market

Executive Summary

Modular Robotics Market was valued at US $7.71 billion in 2021 and is projected to grow at 18.56% CAGR over the forecast period to reach US $21.40 billion by 2027. Modular Robotics Market represented US $2.22 billion opportunity over 2019-2021 and estimated to create US $13.69 billion opportunity in 2027 over 2021.

Modular Robotics from Consainsights analyses the Modular Robotics Market in the Technology & Media industry over the forecast period to 2027.

Modular Robotics research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Modular Robotics segmentation includes Robot Type, Industry and Geography.

Based on the Robot Type, the Modular Robotics analysis covers Articulated Modular Robots, Cartesian Modular Robots, Scara Modular Robots, Parallel Modular Robots, Collaborative Modular Robots, Other Modular Robots.

In Robot Type segment, Articulated Modular Robots segment has highest cagr growth of 16.34%.

Based on the Industry, the Modular Robotics analysis covers Automotive, Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food & Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others.

In Industry segment, Automotive segment has highest cagr growth of 16.34%.

Based on the region, the Modular Robotics analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Key Players, Other Key Players and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Robot Type

Introduction

In 2021, Articulated Modular Robots segment has the highest revenue of US $3.12 billion and is expected to grow at CAGR of 16.34% by 2027 Articulated Modular Robots segment has highest cagr growth of 16.34%.

Articulated Modular Robots

Articulated Modular Robots segment was valued at US $2.22 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $8.67 billion by 2027. Articulated Modular Robots segment represented US $0.90 billion opportunity over 2019-2021 and estimated to create US $5.55 billion opportunity in 2027 over 2021.

Cartesian Modular Robots

Cartesian Modular Robots segment was valued at US $1.40 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $5.47 billion by 2027. Cartesian Modular Robots segment represented US $0.57 billion opportunity over 2019-2021 and estimated to create US $3.50 billion opportunity in 2027 over 2021.

Scara Modular Robots

Scara Modular Robots segment was valued at US $0.90 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $3.53 billion by 2027. Scara Modular Robots segment represented US $0.37 billion opportunity over 2019-2021 and estimated to create US $2.26 billion opportunity in 2027 over 2021.

Parallel Modular Robots

Parallel Modular Robots segment was valued at US $0.44 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $1.72 billion by 2027. Parallel Modular Robots segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $1.10 billion opportunity in 2027 over 2021.

Collaborative Modular Robots

Collaborative Modular Robots segment was valued at US $0.28 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $1.11 billion by 2027. Collaborative Modular Robots segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.71 billion opportunity in 2027 over 2021.

Other Modular Robots

Other Modular Robots segment was valued at US $0.23 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $0.91 billion by 2027. Other Modular Robots segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.58 billion opportunity in 2027 over 2021.

Industry

Introduction

In 2021, Automotive segment has the highest revenue of US $2.99 billion and is expected to grow at CAGR of 16.34% by 2027 Automotive segment has highest cagr growth of 16.34%.

Automotive

Automotive segment was valued at US $2.13 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $8.31 billion by 2027. Automotive segment represented US $0.86 billion opportunity over 2019-2021 and estimated to create US $5.32 billion opportunity in 2027 over 2021.

Electrical and Electronics

Electrical and Electronics segment was valued at US $1.31 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $5.10 billion by 2027. Electrical and Electronics segment represented US $0.53 billion opportunity over 2019-2021 and estimated to create US $3.27 billion opportunity in 2027 over 2021.

Plastics, Rubber, and Chemicals

Plastics, Rubber, and Chemicals segment was valued at US $0.87 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $3.38 billion by 2027. Plastics, Rubber, and Chemicals segment represented US $0.35 billion opportunity over 2019-2021 and estimated to create US $2.16 billion opportunity in 2027 over 2021.

Metals and Machinery

Metals and Machinery segment was valued at US $0.49 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $1.89 billion by 2027. Metals and Machinery segment represented US $0.20 billion opportunity over 2019-2021 and estimated to create US $1.21 billion opportunity in 2027 over 2021.

Food & Beverages

Food & Beverages segment was valued at US $0.36 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $1.41 billion by 2027. Food & Beverages segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.90 billion opportunity in 2027 over 2021.

Precision Engineering and Optics

Precision Engineering and Optics segment was valued at US $0.20 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $0.77 billion by 2027. Precision Engineering and Optics segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.49 billion opportunity in 2027 over 2021.

Pharmaceuticals and Cosmetics

Pharmaceuticals and Cosmetics segment was valued at US $0.07 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $0.26 billion by 2027. Pharmaceuticals and Cosmetics segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.17 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.07 billion in 2019 and is projected to grow at 16.34% CAGR over the forecast period to reach US $0.27 billion by 2027. Others segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.17 billion opportunity in 2027 over 2021.