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According to a study by Next Move Strategy Consulting, the global Modular Robotics Market is on a trajectory to reach a whopping USD 16 billion, boasting a steady CAGR of 10% until 2030.

The ever-increasing utilization of modular robots in space missions led by organizations like NASA, ESA, and Roscosmos. This is propelling the modular robotics market to new heights.

Yet, it's not all smooth sailing. Challenges include the comparative lower performance of modular robots when pitted against task-specific conventional robots. The rise in complexity across design, manufacturing, and simulation methods also presents hurdles to market growth.

The global modular robotics systems market is a diverse landscape, segmented by type, payload capacity, application, and geographies.

Currently, North America stands tall, holding the lion's share of the modular robotics systems market and is anticipated to maintain its dominance throughout the forecast period.

Meanwhile, on the other side of the globe, Asia Pacific is gearing up for a significant rise in the modular robotics market. The region, especially countries like China and Japan, is witnessing a surge in the adoption of modular robots within manufacturing industries to combat the escalating costs of skilled labor.

Let's talk key players. The movers and shakers in the modular robotics market include industry giants such as Abb, Fanuc, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Denso Robotics, Universal Robots, Nachi-Fujikoshi, Mitsubishi Electric, and Omron.

Thank you for joining us. Stay connected for further insights and updates on the dynamic evolution of modular robotics and its transformative impact on the ICT & Media industry.

Access full report- https://www.nextmsc.com/report/modula...

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Next Move Strategy Consulting
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