Modular Robotic Market

Modular Robotic Market Outlook from 2024 to 2034

The modular robotic market is poised for an evolutionary journey, extending its influence well into 2034 and beyond. The adoption of modular robotics is estimated to stand at USD 12.69 billion in 2024. The market is forecasted to exceed a valuation of USD 66.42 billion by 2034.

The market is projected to experience staggering growth through 2034, recording a CAGR of 18.0%. Modular robotic demand is primarily driven by increased productivity, lower rejection rates, and scalable operations.

Attributes	Details
Estimated Modular Robotic Market Size (2024)	USD 12.69 billion
Forecasted Market Size (2034)	USD 66.42 billion
Projected Value CAGR (2024 to 2034)	18.0%

Modular Robotic Market Overview

• As the cost of robotics components continues to decline and accessibility increases, more companies are likely to adopt modular robotics solutions. Consequently, there is likely to be around a 5.2X surge in the sales of modular robotics by 2034.
• China and Japan are set to offer intense competition in the market due to their significant investments in research and development, robust manufacturing capabilities, and strategic focus on technological advancement.
• Modular robotic providers need to think outside the box and explore innovative ways to customize their solutions to meet diverse industry needs.

Key Factors Influencing the Global Modular Robotic Market Growth

Modular Robotics Spearhead Workplace Security and Efficiency!

The need to augment human workers with robotic assistance, particularly in industries with labor shortages or hazardous working environments, drives the market growth.

• By automating repetitive or dangerous tasks, modular robotics improve workplace safety and reduce the risk of injuries.
• These systems can enhance productivity by working alongside human operators. They leverage the strengths of both humans and robots to achieve optimal efficiency in various tasks.

Modular Robotics Revolutionized Industry Automation!

Increasing demand for automation across industries, driven by labor shortages, rising labor costs, and the need for operational efficiency, fuels the growth of the modular robotic market.

• Businesses seek to leverage automation technologies, including modular robotics, to streamline processes, increase productivity, and maintain competitiveness in global markets.
• This market demand creates opportunities for robotics companies to develop innovative modular solutions that address specific industry challenges and deliver tangible value to customers.

Customizable Robotics Redefine Industry Solutions!

The market is also driven by the demand for customizable solutions that can be tailored to specific industry needs and applications.

• This customization allows businesses to innovate and differentiate their products or services, catering to niche markets or addressing unique challenges.
• By offering modular platforms, robotics companies empower customers to experiment with different configurations and functionalities.

Obstacles Compressing the Modular Robotic Market Revenue Trends

While the market shows promising growth, certain challenges hinder its full potential. Limited standardization across modules complicates seamless integration. Additionally, concerns about cybersecurity and data privacy pose barriers to widespread adoption.

Historical Market Study on Modular Robotic alongside Future Projections

From 2019 to 2023, the modular robotic market showed strong growth as well, boasting a 16.3% CAGR. Different types of modular robot designs have been made. Some robots, called self-reconfiguring modular robots, can change shape by themselves. These robots can reconfigure without needing help from outside. This trend has contributed to the positive outlook of the Modular Robotic industry.

Attributes	Quantitative Outlook
Modular Robotic Market Size (2023)	USD 10.75 billion
Historical CAGR (2019 to 2023)	16.3%

Short-term Modular Robotic Market Analysis

The modular robotic market global forecast suggests considerable growth owing to the growing demand for modular robots in various sectors. They are being increasingly used in industries such as manufacturing, healthcare, and agriculture. Additionally, there is a trend toward modular robots becoming more affordable and accessible to a wider range of users. Because of this, the modular robot market is anticipated to grow significantly over the next few years.

Long-term Modular Robotic Market Analysis

Global trends in the modular robotic industry spotlight a dynamic landscape. One notable trend is the implementation of modular robots on Industry 4.0 principles, such as automation, data exchange, and smart manufacturing. Industry 4.0 encourages adaptive manufacturing processes that can quickly respond to changes in demand or production requirements.

Modular robots are well-suited for adaptive manufacturing environments. This is expected to have a highly positive impact on the global demand for modular robotics in the long run.

Top Opportunities for Modular Robotics Providers

The emergence of modular robotics presents significant opportunities for players in the market. For instance, Modbot's pioneering platform has paved the way for innovation and growth in the global modular robotic market.

By offering a system of reusable modules that can be easily assembled into various robotic configurations, companies can explore new avenues for product development and customization. This allows market players to address a wide range of applications and industries, leading to an increased share in the modular robotic industry.

Modular Robotic Market Trends

• The market is witnessing a shift toward a robotics-as-a-service model and plug-and-play modular robotic systems that can be easily integrated into existing production lines.
• Another evolving trend in the modular robotic market is the incorporation of artificial intelligence and machine learning algorithms to enhance autonomy, adaptability, and decision-making capabilities.
• Modular robotic sales are increasing as companies are demanding modular robots that can be easily customized and configured to meet specific application requirements.

Demand Analysis of Modular Robotic by Region

The North America modular robotic market stands out as a moderately performing regional market. Top players are teaming up with different companies that offer gripping systems and similar tech to improve their robot business. Europe is witnessing continuous and steady growth in demand for modular robotics. This can be attributed to the increasing automation needs across industries.

The Asia Pacific modular robotic industry is likely to progress significantly. Rising IT investments supported by government programs in countries like China, Japan, and South Korea are anticipated to boost growth in this region.

Countries	Forecasted CAGR (2024 to 2034)
United States	16.70%
Germany	19.80%
South Korea	20.20%
China	21.80%
Japan	22.25%

Modular Robotics are Set to Transform Manufacturing and Logistic Landscape in the United States

Demand for modular robotics in the United States is set to rise with an anticipated CAGR of 16.70% through 2034. Key factors influencing the modular robotic market include:

• Many manufacturers here are embracing cloud technology and investing in research and development to cut down on labor expenses. This trend is expected to assist dispensing robot manufacturers in making their modular robots more affordable. It is also likely to help them expand their reach in both local and global markets.
• The unique features of modular robots are likely to increase their acceptance rate in the United States, contributing to market growth. The adoption of these robots in the manufacturing and logistics industry throughout the country is expected to drive continued progress in the market.

Precision Engineering and Startup Innovation Propel Modular Robotic Adoption in Germany

The Germany modular robotic market is expected to surge at a CAGR of 19.80% through 2034. The topmost dynamic forces supporting the modular robotic adoption in the country include:

• Germany's expertise in precision engineering is poised to significantly influence the market. The country's proficiency in crafting highly accurate components is anticipated to enhance the performance of modular robotics systems.
• The convergence of start-up culture and ample funding is poised to revolutionize the market in Germany. In February 2024, a Germany-based robotics startup called RobCo secured USD 43 million to automate smaller factories. The company's modular robots are made to be affordable.

Establishment of Robot Platforms Sparks Revolution in Modular Robotics in South Korea

The market in South Korea is likely to exhibit a CAGR of 20.20% through 2034. Reasons supporting the growth of the modular robotic market in the country include:

• Emerging startups are poised to make a significant impact on the market in South Korea. For instance, a Seoul-based startup called Robot Factory has turned to Kickstarter to introduce its PingPong modular robot platform. This platform allows users to build various types of robots, including snake bots, drawing bots, and robotic arms, among many others.
• As South Korea continues to top in technological advancements, particularly in robotics and automation, this control is likely to drive innovation and growth within the modular robotics sector.

Modular Robotics Adoption Skyrockets in China with Groundbreaking Developments

The adoption of modular robotics in China is forecasted to inflate at a CAGR of 21.80% through 2034. Prominent factors backing up the growth in the modular robotic industry are:

• The exponential growth of the eCommerce and logistics industries is poised to have a profound impact on the modular robotics market in China. As more businesses embrace online retail platforms and streamline their logistics operations, the demand for efficient automation solutions like robotics is likely to skyrocket.
• In June 2023, a team of researchers from Guangzhou University, Yanshan University, and other China-based universities developed a novel modular continuous robot. The robot has the ability to contract and bend following specific patterns, allowing it to accomplish various tasks. This breakthrough is likely to lead to increased investment and interest in modular robotics research and development in China.

Modular Robotics Gain Traction in Japan amidst Technological Advancements

Sales of modular robotics in Japan are estimated to record a CAGR of 22.25% through 2034. The primary factors bolstering the modular robot market size are:

• In Japan, the production and advancement of robot technology have seen significant growth. Robots were mainly used in assembling electronics and cars. But now, people are also interested in using robots in healthcare to help with Japan's aging population.
• When it comes to the industrial robotics market size, Japan has notable leaders like Fanuc, Mitsubishi Electric, and Kawasaki Heavy Industries. Japan-based companies, with Toyota Motor Corporation at the forefront, also hold a significant number of patents in the field of modular robotics.

Modular Robotic Industry Analysis by Segment

As far as the product type of modular robotic is concerned, the SCARA modular robots segment is likely to acquire 27.30% modular robotic market share. Similarly, the chain-based segment is expected to gain considerable profit in terms of hardware design, possessing a 38.80% revenue share of modular robotic industry in 2024.

Segment	Estimated Market Share in 2024
SCARA Modular Robots	27.30%
Chain-based Modular Robotics	38.80%

SCARA Modular Robots Gain Favor in this Highly Competitive Market

The SCARA modular robots segment is anticipated to perform better than others in the market. Here are a few key factors that contribute to SCARA’s acceptance in the market:

• Given their great repeatability and precision, SCARA modular robots are a good choice for operations that call for accuracy.
• Because of its famed quickness and agility, SCARA robots facilitate accurate and timely tasks on the manufacturing line.
• The affordability of SCARA modular robots compared to other robotic solutions makes them an attractive option for businesses seeking cost-effective automation solutions.

Chain-Based Module Robotics are Set to Redefine Efficiency and Durability Standards

The chain-based segment is set to take more than 1/3rd market share, a trend validated by factors such as:

• Chain-based systems offer unparalleled flexibility in configuration and adaptability to various tasks and environments.
• These systems are appropriate for multiple applications and sectors because they can be readily scaled up or down by adding or deleting modules.
• The design of chain-based segments typically ensures robustness and reliability in operation, minimizing downtime and maintenance costs.

Competitive Landscape

Modular robotic market players implement diverse strategies to gain an edge in this fiercely competitive market. Some focus on offering versatile modular systems adaptable to diverse applications. In the meantime, others prioritize affordability and scalability. Many emphasize top-notch technology integration to enhance functionality and autonomy.

Additionally, market players explore strategic partnerships and collaborations to broaden their reach and leverage complementary expertise. Amidst competition, innovation and differentiation remain key drivers for market leadership.

Recent Developments

• In February 2024, OMRON introduced fresh autonomous mobile robot (AMR) options, including lifter and roller modules from ROEQ. Companies aiming to use AMRs in their space often find that an AMR without a top module is similar to a robot arm without a gripper.
• In December 2023, QYSEA Technology revealed its latest underwater tool, the FIFISH E-GO. This new device has a modular structure and better power and imaging. It can carry multiple loads and comes with AI capabilities. These features make it the most advanced underwater robot from QYSEA so far.
• In January 2023, Ottonomy unveiled the Ottobot YETI, a new autonomous delivery robot. It is the first of its kind, with customizable features and interchangeable cabins to suit the specific requirements of retail, restaurants, and curbside deliveries.

Key Modular Robotic Market Players

• ABB Ltd.
• Acutronic Robotics
• KUKA AG
• Mitsubishi Electric Corp.
• FANUC Corporation
• Kawasaki Heavy Industries Ltd.
• Yaskawa Electric Corporation
• Denso Corporation
• Universal Robots
• Nachi-Fujikoshi Corp.
• Rethink Robotics

Key Coverage in the Modular Robotic Market Research Report

• Adjacent Study on the Flexible Robotics Market, Reconfigurable Robotics Market, Adaptive Robotics Market
• Opportunity Assessment in the Modular Automation Market and Customizable Robotics Market
• Recent Key Advancements in the Configurable Robotic Solutions Market
• Competitive Analysis between the Interchangeable Robotics Market and Interchangeable Robotic Components Market
• Updated Emerging Trends in Modular Robotics Market
• Top 10 Companies in the Scalable Automation Solutions Market
• Potential of Versatile Robotic Platforms Market in Asia Pacific

Key Segments in the Modular Robotics Global Market Report

By Product Type:

• SCARA Modular Robots
• Articulated Modular Robots
• Cartesian Modular Robots
• Parallel Modular Robots

By Hardware Design:

• Chain-based
• Lattice-based
• Strut-based

By Configuration:

• Auto-Configuration
• Manual Configuration

By End Use Industry:

• Automotive
• Electronics & Electrical
• Chemical
• Food & Beverages
• Pharmaceutical
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• MEA

Frequently Asked Questions

How Big is the Modular Robotic Market?

The market size for modular robotic is forecasted to be worth USD 12.69 billion in 2024.

What is the Demand Forecast for Modular Robotic?

The modular robotic market value is projected to surpass USD 66.42 billion by 2034.

What is the Projected CAGR for the Modular Robotic Market?

The CAGR of the modular robotic industry is estimated to be around 18.0% through 2034.

What is the Key Market Trend in Modular Robotic?

Customization of modular robotic systems surges in demand.

Which Countries Drive the Sales of Modular Robotics?

China and Japan are key consumers of modular robotics as of 2024.

Which is the Leading Brand of Modular Robotic?

ABB Ltd. and Acutronic Robotics are modular robotic industry leaders.