The surging use of collaborative modular robotics systems is one of the major factors driving the demand for modular robotics across the world. Collaborative modular robotics systems, or cobots, as they are popularly called, are revolutionizing robot and human relationships across the logistics and manufacturing industries. Operators can directly provide the components to the cobots, so that they can perform the rest of the task easily, thereby causing a sharp reduction in cost, floor space, and time.
The versatile nature of cobots makes them suitable for various tasks. For instance, in the logistics sector, cobots are deployed in large numbers for transporting and carrying loads and inspecting fragile times. Besides, the soaring requirement for automation in the manufacturing industry is also expected to fuel the modular robotics market in the coming years. This will subsequently cause the revenue of the market to jump from $5.6 billion in 2019 to $15.1 billion by 2030. Furthermore, the industry will progress at a CAGR of 9.9% from 2020 to 2030 (forecast period).
Depending on robot type, the industry is categorized into selective compliance assembly robot arm (SCARA) modular system, collaborative modular robots, cartesian modular robots, articulated modular robotics systems, and parallel modular robots. Out of these, the articulated modular robotics system category dominated the market in the past, and this trend is predicted to continue in the coming years. This is credited to the high adoption rate of these robots in the automobile industry, where they are being increasingly used for handling heavily automobile parts, and metal and machinery industry for handling various heavy metal components and sheets.
When offering is taken into consideration, the modular robotics market is divided into software, services, and hardware. Amongst these, the hardware category is predicted to contribute the highest revenue to the market in the coming years. Driver modules, manipulators, sensors, and controllers are the most widely used types of hardware. Out of these, the demand for controllers was observed to be the highest during the last few years, mainly because of the extensive usage of robot controllers in industrial robots for point-to-point repetitive processes.
