Modular Robotics Market to Witness Massive Growth Due to Rapid Adoption of Collaborative Modular Robotics System
The global modular robotics market is projected to reach $15,149.7 million by 2030, from $5,619.1 million in 2019, at a 9.9% CAGR during 2020–2030. Manufacturers across industries, especially electronics and automotive, are focusing on increasing their production output and quality, while cutting down on operational costs and errors, by deploying robots. For instance, China's spending on robots, including those deployed for industrial purposes, is set to touch $29 billion in 2020.
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