Modular Robot Market

Modular Robot Market Outlook (2023-2033)

The modular robot market is estimated to reach valuation of US$ 984.0 Million in 2023 and will top US$ 2,744.1 Million by 2033, growing with a CAGR of around 10.8% from 2023-2033.

In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Modular robot is an emerging branch of the total robot market. In terms of value, sales of modular robots accounted for nearly 2.5% share of the global robot market at the end of 2022.

Report Attributes	Details
Modular Robot Market Size (2022A)	US$ 877.7 Million
Estimated Market Value (2023E)	US$ 984.0 Million
Forecast Market Value (2033F)	US$ 2,744.1 Million
Global Market Growth Rate (2023-2033)	10.8% CAGR
North America Market Share (2023)	21.3%
North America Market Value (2023)	US$ 209.2 million
Europe Market Share (2023)	25.7%
Europe Market Value (2023)	US$ 252.9 million
China Market Share (2023)	23.3%
China Market Value (2023)	US$ 229.3 million
Market Share of Top 3 Countries	49.3%
Key Companies Profiled	Beckhoff Automation FLX Solutions Inc. Inovo Robotics ltd Mergeflow Modular Robotics SolarCleano

Sales Analysis of Modular Robot (2018-2021) Vs. Market Outlook (2023-2033)

Modular robots incorporate functionality like actuators, processors, sensors, energy, etc. into small, reusable connectors called modules that may be reconfigured in various ways to produce various morphologies.

Modular robots accelerate the construction of new robot configurations compared to conventional methods, taking only minutes instead of hours. When reconfiguring these types of robots, wiring may be removed because connectors can carry power and control signals.

Over the past few decades, various modular robot designs have been created. Self-reconfiguring modular robots are a particular subclass of robots that may even automatically reconfigure without external assistance. Such advantages offered by modular robotics technology provide a plethora of opportunities for the growth of the market.

• Short Term (2023 Q1 to 2026): Increasing end use application in different industry will positively impact modular robot market growth.
• Medium Term (2026- 2029): North America, East Asia and Europe is anticipated to witness comparatively high modular robot demand due to increasing demand for surveillance.
• Long Term (2029- 2033): Adopting new advanced technology can open new opportunities for modular robot market.

From 2018 to 2022, the global market for modular robot registered a CAGR of 5.2%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 10.8% CAGR between 2023 and 2033.

Market share analysis of modular robot based on region and type is provided in the above image. Under the type segment, hybrid sub-segment dominates with 45.3% market share in 2023.

What’s Driving High Demand for Modular Robot across Regions?

“Technological Advancements in the Robotic Technology to Support Market Growth”

Evolving robot morphology to better adapt to tasks is a long-sought solution. Automatically designing robots using artificial evolution techniques can help speed up the robot development process and potentially create new solutions.

In some cases, evolutionary algorithms have demonstrated the ability to find solutions counterintuitive or unrecognized to human designers. A special type of modular robot, the self-reconfiguring modular robot, can even reconfigure automatically without external intervention.

The self-reconfiguring process is a process in which the sequence of actions for a self-reconfiguring module to change from one form to another is algorithmically generated with all modules remaining connected to the same body. Such technological advantages will take the market to new heights.

“Increasing adaptability of modular structure to compliment market growth”

Researchers envision robots that can go where humans can't, such as in search and rescue operations in the rubble after natural disasters such as earthquakes. Modular robots may thrive in these situations by orienting themselves to fit in much smaller spaces than traditional robots.

Modularity is a vital concept in designing and engineering in order to cope with certain complex systems. In the industrial environment there lie many complex tasks for the robots as well as the system of the robot itself also maybe itself complicated. The modularity of robots is gaining popularity due to their unique techniques, dynamics, and kinematics.

Other uses for modular robots can be found in situations where weight is a major concern and where multi-purpose functionality contributes significantly. In space, there are many other uses for modular robots as they are useful in virtually any situation, not just niche applications like disaster relief and space exploration.

What Do Modular Robot Manufacturers Need to Watch Out?

“Requirement for more advanced devices may limit market growth”

The modules must become stronger and more compact while also getting smaller in order for them to move the weight of a larger assembly. Additionally, they will need to become more adept at communicating with one another and support an increasing number of modules.

Modular robots must solve problems before even knowing what form they will take, making software for these swarms at least as challenging to develop as the hardware design. Such problems can be addressed so that it does not limit the growth of the market.

Country Wise Analysis

How Japan Modular Robot Market will Grow over the Forecast Period?

Robot technology production and development have grown impressively in Japan. Robots were primarily used in electromechanical and automotive assembly lines. They promise to improve some of the economic problems, such as inadequate labor shortages and production efficiency. However, robotics technology is also attracting attention as a potential solution to the direct effects of Japan's aging population through the use of robotics in healthcare.

Today, some of the world's industrial robot market leaders come from Japan, including Fanuc, Mitsubishi Electric, and Kawasaki Heavy Industries. Furthermore, Japanese companies have presence among the world's largest robotics patent holders, with Toyota Motor Corporation leading among Japanese companies. Such factors will lead to the growth of the market in the country and the market will be valued at US$ 77.6 million in2023.

How Market for Modular Robot is Estimated to Rise in U.S.?

North America is home to a large number of manufacturers using new cloud technology and investing heavily in R&D to reduce labor costs. It will help more and more dispensing robot manufacturers to make their robots affordable and increase their presence in domestic and international markets.

The United States may have a high acceptance rate for modular robots due to the unique features offered by them which is expected to boost market growth. Due to the adoption of these robots in the manufacturing and logistics industry in the country across the North American region, it is expected to hold a large share of the modular robot market. The United States' value is expected to reach US$ 178.4 million in 2023.

Category wise Insights

How Logistics Industry Will Lead to Market Growth?

The diffusion of modular robotics is another important factor in the growth of the modular robotics market. Modular robotic systems are redefining the relationship between humans and robots in the manufacturing and logistics industries.

When working with modular robots, the operator can deliver parts directly to the robot to perform the remaining tasks by reducing cost, time, and floor space. Their versatility makes it possible to handle various tasks with the help of suitable finishers.

In the field of logistics, modular robots are used not only to carry and transport loads but also to inspect fragile items. Therefore, due to all these reasons, the modular robots market is driven by the growing demand for collaborative modular robotics in logistics systems. The sales for modular robots will rise exclusively in the future and it will capture a market share of 19.2% in 2023.

How Heterogeneous Modular Robots Will Lead to Rise in Market?

The homogenous system of modular robots has a simpler system than the heterogeneous modular robots. In homogenous systems, numerous modules of almost similar designs.

With the addition of more units, its scalability and functionality capabilities can be increased. Modular robots with heterogeneous systems are compact and can have the versatility to design. Owing to the complexity associated with these robots, they will have slow growth. These robots will be valued at US$ 632.3 Mn in 2023.

Competitive Landscape

Fact.MR profiled the following top companies in modular robot market in its report. Those companies are Beckhoff Automation, FLX Solutions Inc., Inovo Robotics ltd, Mergeflow, Modular Robotics, SolarCleano

Manufacturers of modular robots are actively engaged in accommodating the surge in demand for robotics in different applications. In other words, the nature of the target application dictates what type of modular robot to use. Modular robots are gaining traction today because of their ease of integration and the ability to pack a lot of power into a small space. More technological advancements will lead to the demand for the product.

Fact.MR has provided detailed information about the price points of key manufacturers of modular robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Modular Robot Industry Research

• By Type:

  • Chain
  • Lattice
  • Hybrid

• By Topology:

  • 1D
  • 2D
  • 3D

• By Design:

  • Homogeneous Systems
  • Heterogeneous Systems

• By Application:

  • Packaging
  • Palletizing
  • Material handling
  • Painting
  • Welding
  • Assembly
  • Inspection
  • Cutting
  • Dispensing

• By End Use Industry:

  • Aerospace and Defense
  • Automotive
  • Chemicals & Materials
  • Electrical & Electronics
  • Food and Beverage
  • Healthcare
  • Mining & Oil & Gas
  • Retail & e-Commerce
  • Logistics & Warehousing
  • Packaging
  • Others

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa