The global modular robotics market was valued at $5.6 billion in 2019 and is projected to witness a CAGR of 9.9% during the forecast period (2020–2030). Penetration of industrial internet of things (IIoT) in the manufacturing process is a major trend in the market due to its ability to enhance productivity and reduce operational costs for the manufacturers.

The global modular robotics market was valued at $5.6 billion in 2019 and is projected to witness a CAGR of 9.9% during the forecast period (2020–2030). Penetration of industrial internet of things (IIoT) in the manufacturing process is a major trend in the market due to its ability to enhance productivity and reduce operational costs for the manufacturers.