The global modular robotics market size was USD 9.15 Billion in 2022 and is expected to register a revenue CAGR of 18.0% during the forecast period. Increasing adoption of collaborative module robots owing to their benefits and features is a major factor driving market revenue growth. In terms of reconfigurability, reusability, and ease of manufacturing, modular robotics offers a distinct edge over conventional robotic technologies. Modular self-reconfigurable robots are frequently viewed as an appropriate response to need for flexible and self-healing capabilities in a variety of applications, including large-scale facility management, space research, war zone surveillance, catastrophe management, and prostheses for physically handicapped people which is driving revenue growth of the market. Modular system designs have an advantage over conventional robots in that they can be assembled in a variety of ways depending on the application's needs with only minor help from humans.

Furthermore, there is a rising demand for chain type modules owing to its various advantage which is also driving revenue growth of the market. Modules in chain-type designs are linked to one another in a linear or tree structure. Although it can fold up to occupy more room, the fundamental design is serial. These modular robots can change their structure on their own to become a wheel, quadruped, serpent, and other shapes.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/6447

The rising adoption of smart warehouses is indeed expected to boost the revenue growth of the market. Smart warehouses leverage advanced technologies, such as automation, robotics, artificial intelligence, and the Internet of Things (IoT), to improve operational efficiency, productivity, and accuracy in warehouse operations.

Modular robots play a significant role in enhancing the capabilities of smart warehouses. These robots are designed to be scalable and adaptable, allowing them to be easily integrated into different lines of production or usage scenarios. Their ability to learn by experience enables them to continuously improve their performance and adapt to changing warehouse environments.

One of the key advantages of modular robots is their interchangeability. They can be equipped with different grippers or limbs, which can be switched automatically or as instructed by software. This flexibility allows a single modular robot to perform multiple tasks, such as organizing, selecting, monitoring, barcode reading, or even cleaning. By consolidating these tasks into a single set of robots, companies can achieve substantial resource savings and enhanced overall performance.

Moreover, modular robotics offers significant advantages in dynamic warehouse settings where there are various product variations. Traditional robotic systems may require separate robots for different transportation processes based on the type of product being handled. However, modular robots excel in such scenarios by precisely gripping, carrying, positioning, and monitoring items of different types, including dangerous, perishable, delicate, or chemical items. They can quickly recognize the type of item being handled, reducing handling time and increasing productivity.

Inquiry Before Buying @ https://www.reportsanddata.com/inquiry-before-buying/6447

Although modular robotics may involve high initial investment costs, it offers an encouraging Return on Investment (ROI) potential, particularly in dynamic warehouse environments with diverse product variations. The ability to handle various types of items efficiently and accurately can result in significant time savings and increased productivity, outweighing the initial costs.

In summary, the adoption of modular robots in smart warehouses provides substantial resource savings, improved performance, and enhanced productivity. These robots offer scalability, learning capabilities, and interchangeability, making them well-suited for dynamic warehouse settings with diverse product variations. The ability to handle different types of items efficiently and precisely contributes to time savings and increased productivity, ultimately leading to a positive ROI.

Some of the leading players are listed below:

ABB, John Wiley Sons, Inc., KUKA AG, Fanuc Corporation, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Yaskawa Electric Corporation, Universal Robots, Rethink Robotics, and NACHI-FUJIKOSHI CORP

Global Modular Robotics market segmentation:

By Robot Type Outlook

• Articulated Modular Robots.
• Cartesian Modular Robots
• SCARA Modular Robots
• Parallel Modular Robots
• Collaborative Modular Robots
• Other Modular Robots

By Industry Outlook     

• Automotive
• Electrical and Electronics
• Metal and Machinery
• Food and Beverages
• Precision Engineering and Optics
• Pharmaceuticals and Cosmetics
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • K.
  • Rest of EU
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • South Africa
  • A.E
  • Rest of MEA

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/6447

Thank you for reading the report. We also provide report customization as per client requirement. Kindly connect to us to know more about the customization feature and our team will provide you with best suited report.

Explore More Industry Research by Reports and Data:

Account Reconciliation Software Market - https://www.reportsanddata.com/report-detail/account-reconciliation-software-market

Active Protection System Market - https://www.reportsanddata.com/report-detail/active-protection-system-market

Advocacy Software Market - https://www.reportsanddata.com/report-detail/advocacy-software-market

Ammonia (NH3) Gas Sensor Market - https://www.reportsanddata.com/report-detail/ammonia-nh3-gas-sensor-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse More ICT Industry Related Reports @ https://www.reportsanddata.com/report/category/information-technology

Browse More Automotive and Transportation Industry Related Reports @ https://www.reportsanddata.com/report/category/automotive-services

Browse More Banking, Financial Services Insurance (BFSI)  Industry Related Reports @ https://www.reportsanddata.com/report/category/bfsi

Browse More Defence And Space Industry Related Reports @ https://www.reportsanddata.com/report/category/defence-and-space