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Modular Robotics Market: Global Analysis and Forecast (2021-2023)

The Modular Robotics Market is expected to reach USD 10.76 billion by 2023 from USD 4.70 billion in 2018, at a CAGR of 18.00%.

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Modular Robotics Market: Global Analysis and Forecast (2021-2023)

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  1. MarketsandMarkets Presents The Modular Robotics Market is expected to grow from USD 4.70 billion in 2018 to USD 10.76 billion by 2023, at a CAGR of 18.00%. The growth of the Modular Robotics Market is driven by factors such as growing investment in industrial automation and increasing adoption of collaborative modular robots owing to their benefits and features.

  2. MarketsandMarkets Presents Articulated Modular Robots to hold largest share of market by 2018 Owing to the high rate of adoption of articulated modular robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, these robots are expected to hold the largest share of the Modular Robotics Market by 2018. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162 980727

  3. MarketsandMarkets Presents Market for metals and machinery to grow at highest CAGR during 2018–2023 The Modular Robotics Market for the metals and machinery industry is expected to grow at the highest CAGR during the forecast period. This industry presents an increasing demand for automation in the recent years and has responded quickly by gradually replacing manual or less flexible automated processes with robotics, in addition to other technologies, such as motion control and machine learning.

  4. MarketsandMarkets Presents Modular Robotics Market in APAC to grow at highest CAGR during forecast period The Modular Robotics Market in APAC is expected to grow at the highest CAGR during the forecast period. The increasing investment in automation by the automotive, and electrical and electronics players, especially in countries such as China, South Korea, and India, is expected to be the key driver for the market in APAC.

  5. MarketsandMarkets Presents Key Players ABB Ltd. (ABB, Switzerland), KUKA AG (KUKA, Germany), Mitsubishi Electric Corp. (Mitsubishi, Japan), FANUC Corporation (Fanuc, Japan), Kawasaki Heavy Industries Ltd. (Kawasaki Heavy Industries, Japan), and Yaskawa Electric Corporation (Yaskawa, Japan) are a few key players in the Modular Robotics Market. Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/modular- robotic-market-162980727.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  7. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/modular- robotic.asp

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