Modular Robotics Market: Study Provides In-Depth Analysis Of Market Along With The Current Trends And Future Estimations 2019–2027
The global modular robotics market was valued at US$ 6,876.9 Mn in 2017 and is projected to register a compounded annual growth rate (CAGR) of over 14% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR) , titled ‘Modular Robotics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ The report suggests increasing use of modular robots across multiple industry verticals in order to reduce the production cost and growing use of modular cobots (collaborative robots) across the world are likely to augment the demand for modular robotics from 2019 to 2027. Since key players are introducing innovative modular robots in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for a leading share of the global modular robotics market during the forecast period. Growing electronics and automotive industries and rising trend of factory automatio...