At a CAGR of 18.0% throughout the forecast period, the Modular Robotics Market is anticipated to increase from USD 4.70 billion in 2018 to USD 10.76 billion by 2023. Growing investments in industrial automation and rising use of collaborative modular robots due to their features and benefits are two factors propelling the growth of the modular robotics market.

In 2017, the Modular Robotics Market was dominated by ABB (Switzerland), Fanuc (Japan), Yaskawa (Japan), Kuka (Germany), and Kawasaki Heavy Industries (Japan). The main tactics used by the leading market players to seize a sizable portion of the Modular Robotics Market were product launches, alliances, and collaborations.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162980727

Top 2 Players in the Modular Robotics Market:

FANUC has focused its efforts on achieving corporate stability and success as well as boosting consumer confidence in its goods and services. Reliable/Predictable/Easy to Repair, which helps it to cut downtime and increase operability for its clients, guides its efforts in product development. FANUC has developed the business divisions consisting of factory automation (FA), robotics, and RoboMachines for each product line as a result of the relatively slow growth of the automobile industry in China, Japan, and Europe. For continued competitive advantage, FANUC consistently places a high priority on R&D. It debuted brand-new goods in 2015, including the CR-35Ia, M-710iC/12L, and M-710iC/45M. It continues to increase production productivity through robotization; all of its products are produced in highly automated factories.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=162980727

Because the industrial automation market is constantly evolving, ABB offers bright business possibilities. ABB can now remotely operate its offshore oil and gas platforms, giving it unified control over its direct service operations for thousands of robots all around the world. This remote control is made possible by advancements in communications technology, processing power, and new sensors. ABB is concentrating on a new era of industrial automation and anticipating holistic growth. In 2017, ABB and IBM began working together. As part of this partnership, ABB would combine its knowledge of industrial automation with IBM's (IoT) cognitive capabilities to assist its clients in adopting AI in a variety of industries, including utilities, business, transportation, and infrastructure. The primary elements anticipated to create growth prospects for the organisation in the upcoming years are the rising awareness of the effectiveness and safety of production units in industries and the growing need for industrial automation solutions to increase effectiveness and productivity.

Browse For More Details - https://www.prnewswire.com/news-releases/modular-robotics-market-worth-10-76-billion-by-2023-exclusive-report-by-marketsandmarkets--868163389.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