Modular Robotics Market Revenue, Growth and Overview 2018 - 2023

At a CAGR of 18,000%, the Modular Robotics Market is anticipated to increase from USD 4.70 billion in 2018 to USD 10.76 billion by 2023. Due to its advantages and features, collaborative modular robots are becoming more and more popular, which is a factor driving the growth of the modular robotics market. By 2018, articulating modular robots will command the biggest market share. By 2018, articulated modular robots are anticipated to account for the largest portion of the modular robotics market due to their rapid acceptance in the metal and machinery and automotive industries for handling heavy metal components and sheets, respectively. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=162980727 Metals and machinery markets will experience the largest CAGR growth from 2018 to 2023. The metals and machinery industry's modular robots market is anticipated to expand at the greatest CAGR over the forecast period. This industry has experienced a recent rise in the demand for automation and has quickly responded by gradually substituting robotics for manual or less flexible automated operations in addition to other technologies like motion control and machine learning. APAC will have the highest CAGR for the modular robots market throughout the forecast period. During the projected period, the APAC modular robots market is anticipated to grow at the highest CAGR. The primary factor driving the market in APAC is anticipated to be the rising investment in automation by the automotive, electrical, and electronics players, particularly in nations like China, South Korea, and India. Some of the major players in the modular robotics market include 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). Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/modular-robotic-market-162980727.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Visit Our Website: https://www.marketsandmarkets.com