Modular Robotics Market To Generate $15.1 Billion Revenue by 2030

Factors such as the soaring demand for automation solutions in the manufacturing industry and the burgeoning need for collaborative modular robots in the logistics sector are expected to fuel the modular robotics market at a CAGR of 9.9% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $5.6 billion in 2019, and it is projected to generate $15.1 billion revenue by 2030.

In recent years, the increasing adoption of the industrial internet of things (IIoT) in the production process has become a major market trend. The increasing deployment of collaborative modular robotics systems or cobots in the logistics industry is one of the primary growth drivers for the market. The deployment of cobots in logistics and manufacturing operations reduces the work of employees by allowing operators to directly provide the parts to the robot to perform the remaining tasks.


Logistics companies use cobots for carrying and transporting loads and inspecting fragile products. These robotic systems perform their task with the help of suitable end-effectors. Currently, the rising penetration of IIoT in industrial manufacturing is becoming a prominent trend in the modular robotics market, as it has enhanced the manufacturing capability of the production units.

The adoption of IIoT solutions helps manufacturing companies in monitoring assets, increasing efficiency, tracking real-time problems of machinery, and facilitating streamlined maintenance. Additionally, the deployment of such solutions also helps in transforming the linear traditional manufacturing supply chains into dynamic and interconnected systems.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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