Modular Automation Market Size, Share & Trends

Report Code SE 9048
Published in Jun, 2024, By MarketsandMarkets™
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Modular Automation Market by Type (Modular Type Packages, Modular DCS), Mobility (Semi-automatic, Fully Automatic), Component (Robot Controllers, I/O Modules, Drives & Motors, Sensors & Actuators, Safety), End-user Industry - Global Forecast to 2029

Overview

The Modular Automation Market is expected to be valued at USD 4.8 billion in 2024 and is projected to reach USD 7.0 billion by 2029 and grow at a CAGR of 7.9% from 2024 to 2029. The market is experiencing growth driven by flexibility and scalability, allowing quick adjustments to production needs. It offers cost efficiency through incremental investments and reduced upfront expenses. Technological advancements like IoT and AI enhance system functionality and enable predictive maintenance. Industries benefit from precise control for regulatory compliance and quality assurance. Aligning with Industry 4.0 and smart manufacturing trends, Modular Automation supports interconnected, data-driven manufacturing environments. However, challenges arise, such as high initial costs, integration complexity, and skilled workforce shortage.

Attractive Opportunities in the Modular Automation Market

Asia Pacific

The Asia Pacific region is experiencing growth in the modular automation market due to rapid industrialization, technological advancements, increasing demand for customization, supportive government policies, rising labor costs, and the expansion of key industries.

Rise of Industry 4.0 and smart factories drives demand for interconnected, intelligent manufacturing systems that enhance efficiency, flexibility, and productivity.

The Asia Pacific Modular Automation market is expected to be worth USD 2,678.3 million by 2029, growing at CAGR of 9.7% during the forecast period.

Smart factories leverage advanced technologies like IoT, AI, and machine learning, presents significant opportunities in the modular automation market

Growth in the automotive and electronics industries is creating attractive opportunities in the modular automation market

Global Modular Automation Market Dynamics

Driver: Technological advancements driving innovation

Advancements in technology, including robotics, artificial intelligence, and the Internet of Things (IoT), are driving the Modular Automation systems market forward. These innovations create more intelligent, efficient systems that adapt precisely to various manufacturing needs. AI-equipped robots can optimize their actions autonomously, enhancing flexibility and responsiveness, while IoT connectivity allows for real-time monitoring and control, reducing downtime. As ongoing research pushes technological boundaries, Modular Automation systems become increasingly powerful tools for businesses to streamline operations and maintain a competitive edge.

Restraint: Initial implementation challenges in integration

Adopting Modular Automation systems presents integration challenges, as aligning new systems with existing workflows and machinery can be time-consuming and costly. This process may require reconfiguring or replacing equipment and training employees, resulting in potential delays and increased expenses. Additionally, effective coordination and communication across departments and external suppliers or consultants are essential, adding complexity. While Modular Automation offers flexibility and efficiency benefits, these initial integration challenges can restrain adoption.

 

Opportunity: Integration opportunities within Industry 4.0

Industry 4.0 integration offers significant opportunities for Modular Automation system providers. Characterized by combining digital technologies with traditional manufacturing, Industry 4.0 emphasizes data analytics, connectivity, and automation. Modular Automation systems, with their adaptable components, align well with these principles and can serve as core elements in smart manufacturing environments. This facilitates seamless communication and real-time data exchange, enhancing decision-making. The integration also enables process optimization and predictive maintenance, allowing manufacturers to gain insights, address inefficiencies, and anticipate equipment failures. As industries adopt Industry 4.0 to improve efficiency and productivity, the demand for Modular Automation systems is expected to increase, driving innovation and sustainable growth.

Challenge: Addressing sustainability concerns in product development.

As businesses prioritize environmental responsibility, manufacturers face increasing pressure to develop eco-friendly Modular Automation systems. This involves reducing the carbon footprint of manufacturing processes and ensuring sustainable, ethically sourced materials. Achieving sustainability requires investment in R&D to find alternative materials and methods that minimize environmental impact while maintaining performance. Additionally, companies must consider the entire product lifecycle, implementing measures to reduce waste and promote recycling. Sustainability challenges also encompass the operational aspects of modular systems, necessitating energy-efficient designs and optimized resource consumption, with guidance provided to customers on reducing energy usage.

Global Modular Automation Market Ecosystem Analysis

The Modular Automation ecosystem comprises equipment manufacturers, control providers, system integrators, and distributors. Modular Automation end-use industries include Pharmaceutical, Chemical, Food and Beverage, Logistics and Warehousing, and Others.

 

Based on the component, Hardware holds the highest market growth during the forecast period.

Hardware is a crucial segment in modular automation, encompassing essential components such as robotics, I/O modules, drives and motors, sensors and actuators, and safety components. These physical devices form the backbone of automated systems, enabling precise control, feedback mechanisms, and operational safety. By integrating advanced hardware solutions, organizations enhance efficiency, flexibility, and scalability in their automation processes. This strategic adoption optimizes production workflows and supports the seamless integration of diverse manufacturing tasks, driving significant growth in the hardware components throughout the forecast period.

Based on Mobility, Fully Automatic holds the highest market share during the forecast period.

In mobility within automation, fully automatic systems refer to solutions where machines operate autonomously without human intervention. These systems utilize advanced technologies such as AI, machine learning, and robotics to perform tasks with minimal human oversight. Fully automatic mobility solutions are poised to dominate the market share during the forecast period due to their ability to enhance operational efficiency, reduce labor costs, and ensure consistent performance in diverse industrial environments. By leveraging these advancements, industries can achieve higher throughput, improved safety standards, and streamlined workflows, thereby driving substantial adoption and growth in the fully automatic mobility segment.

Asia Pacific region holds the largest share of the Modular Automation Market.

The Modular Automation market has been segmented into four regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW). The Asia Pacific region is expected to lead the Modular Automation market, expanding at the highest CAGR during the forecast period. This dominance is driven by rapid industrialization, strong economic growth, and increasing investments in automation technologies across various industries such as pharmaceutical, chemical, food and beverages, logistics and warehousing, automotive, electronics, and manufacturing. Countries such as China, Japan, and India are propelling the development of the Modular Automation market in the Asia Pacific. China held the largest size of the Modular Automation market in Asia Pacific in 2023. Rapid industrialization and urbanization have created the need for modular automation.

 
 

Recent Developments of Modular Automation Market industry

  • In May 2024, ABB launched System 800xA 6.2, featuring improved connectivity through OPC UA, native Ethernet APL device integration, and increased support for PROFINET devices. This update addresses the growing demand for network-centric I/O and field devices.
  • In April 2024, Yokogawa Electric Corporation released CENTUM VP R6.11.10, introducing functional enhancements to UACS and CCC Inside components, enhancing the Yokogawa CENTUM VP compressor control solution.

Key Market Players

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 4.8 billion in 2024
Projected Market Size USD 7.0 billion by 2029
Market Growth Rate at a CAGR of 7.9%
Market size available for years 2020-2029
Base year considered 2023
Forecast period 2024-2029
Forecast units Value (USD Million)
Segments Covered Type, Mobility, Component, End-user Industry, and region.
Geographies covered North America, Europe, Asia Pacific, and RoW
Companies covered ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), HIMA (Germany), Bosch Rexroth AG (Germany), Modular Automation (Ireland), Ascential Technologies (US), Ginolis OY (Finland), Inniti (Denmark) are the major

 

Key Questions Addressed by the Report

What are the Modular Automation Market's major driving factors and opportunities?
Major driving factors in the modular automation market include the growing need for agile manufacturing solutions that adapt swiftly to changing market demands. This demand is further fueled by the imperative for operational efficiencies across industries, pushing companies towards modular systems that offer quick deployment and scalable solutions tailored to specific production needs.
Which region is expected to hold the highest market share?
Asia Pacific is expected to hold the highest market share in the modular automation sector due to its robust adoption of cutting-edge manufacturing technologies. Initiatives to bolster industrial automation capabilities and a proactive approach towards integrating advanced robotics and IoT-driven solutions position the region as a leader in advancing modular automation applications.
Who are the leading players in the Modular Automation Market?
Companies such as ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), HIMA (Germany), and others are the leading players in the market.
What are some of the technological advancements in the market?
Technological advancements in the modular automation market are prominently driven by innovations in IoT and artificial intelligence (AI). These advancements are revolutionizing real-time monitoring and predictive maintenance capabilities, enabling manufacturers to optimize production uptime and reduce downtime costs significantly. Additionally, the evolution of robotics and automation solutions enhances flexibility and operational efficiency across diverse manufacturing environments.
What is the impact of the global recession on the market?
The global recession's impact on the modular automation market has catalyzed the shift towards cost-effective and scalable manufacturing solutions. Companies increasingly leverage modular automation to streamline operations and enhance agility in responding to market fluctuations. This strategic adoption mitigates financial uncertainties and fosters improved production efficiencies and reduced operational costs, positioning modular automation as a resilient solution amidst economic challenges. However, economic downturns have led to reduced capital expenditures and delays in investment decisions, impacting the pace of market growth and innovation within the modular automation sector.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
26
EXECUTIVE SUMMARY
38
PREMIUM INSIGHTS
42
MARKET OVERVIEW
45
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising demand for flexibility in contemporary manufacturing
    - Increasing focus of businesses on cost savings through scalability and reusability
    - Ongoing innovations due to technological advancements
    RESTRAINTS
    - Requirement for high initial investment, specialized training, and interdepartmental coordination
    - Compatibility issues
    - Cybersecurity concerns
    OPPORTUNITIES
    - Rapid industrialization in developing nations
    - Growing demand for customized solutions
    - Integration of modular automation systems within Industry 4.0 frameworks
    - Constant demand for support and maintenance services by end users
    CHALLENGES
    - Shortage of expertise in modular automation skills
    - Complexities associated with regulatory framework
    - Supply chain disruptions
    - Addressing sustainability concerns in product development
    - Resistance to change
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • 5.6 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HARDWARE
    AVERAGE SELLING PRICE TREND OF MODULAR AUTOMATION HARDWARE, BY REGION
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Industrial Internet of Things (IIoT)
    - Robotic systems
    COMPLEMENTARY TECHNOLOGIES
    - 5G connectivity
    - Edge computing
    ADJACENT TECHNOLOGIES
    - Additive manufacturing
    - Augmented reality (AR) and virtual reality (VR)
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    THREAT OF NEW ENTRANTS
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.10 CASE STUDY ANALYSIS
    AUTOMATED SOLUTIONS FOR ADVANCING SMALL MODULAR REACTOR (SMR) TECHNOLOGY
    RESHAPING CONSUMER GOODS MANUFACTURING WITH FLEXIBLE AUTOMATION
    DRIVING INNOVATION AND AUTOMATION IN EV BATTERY MANUFACTURING
    REVOLUTIONIZING MEDICAL DEVICE PRODUCTION AND ENHANCING OUTPUT WITH ADVANCED AUTOMATION TECHNOLOGY
  • 5.11 INVESTMENT AND FUNDING SCENARIO
  • 5.12 TRADE ANALYSIS
    IMPORT DATA (HS CODE 847950)
    EXPORT DATA (HS CODE 847950)
  • 5.13 PATENT ANALYSIS
  • 5.14 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.15 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS AND REGULATIONS
    - Standards
    - Regulations
MODULAR AUTOMATION MARKET, BY MOBILITY
81
  • 6.1 INTRODUCTION
  • 6.2 SEMI–AUTOMATIC
    COMBINATION OF HUMAN JUDGMENT, DEXTERITY, AND MACHINE PRECISION TO BOOST ADOPTION
  • 6.3 FULLY AUTOMATIC
    NEED FOR HIGH–SPEED PRODUCTION WITH CONSISTENT QUALITY TO DRIVE MARKET
MODULAR AUTOMATION MARKET, BY OFFERING
84
  • 7.1 INTRODUCTION
  • 7.2 HARDWARE
    ROBOT CONTROLLERS
    - Growing trend of automating repetitive and labor–intensive tasks to drive adoption
    INPUT/OUTPUT (I/O) MODULES
    - Increasing use to convert input signals from sensors and switches into data to support segmental growth
    DRIVES AND MOTORS
    - Need to convert electrical signals into mechanical motion to boost demand
    SENSORS AND ACTUATORS
    - Focus on precise and reliable operation in automation to foster segmental growth
    SAFETY COMPONENTS
    - Stringent regulations to ensure workplace safety to elevate adoption
  • 7.3 SOFTWARE
    NEED FOR AUTOMATIC RECTIFICATION OF ISSUES TO DRIVE MARKET
MODULAR AUTOMATION MARKET, BY TYPE
90
  • 8.1 INTRODUCTION
  • 8.2 MODULAR TYPE PACKAGE
    ESTABLISHMENT OF UNIFORM COMMUNICATION PROTOCOLS AND INTERFACES TO BOOST SEGMENTAL GROWTH
    STANDARDIZED SOLUTIONS
    APPLICATION–SPECIFIC SOLUTIONS
  • 8.3 MODULAR DISTRIBUTED CONTROL SYSTEM
    SIMPLIFIED MAINTENANCE AND UPGRADES TO SUPPORT SEGMENTAL GROWTH
MODULAR AUTOMATION MARKET, BY APPLICATION
94
  • 9.1 INTRODUCTION
  • 9.2 PHARMACEUTICAL
    NEED FOR REAL–TIME MONITORING AND CONTROL OF DRUG PRODUCTION PROCESSES TO BOOST DEMAND
  • 9.3 CHEMICAL
    SIGNIFICANT FOCUS OF CHEMICAL MANUFACTURERS ON ACHIEVING GREATER OPERATIONAL AGILITY TO DRIVE MARKET
  • 9.4 FOOD & BEVERAGE
    GREATER FLEXIBILITY AND SCALABILITY AND STRINGENT HYGIENE STANDARDS TO FUEL MARKET GROWTH
  • 9.5 LOGISTICS & WAREHOUSING
    SURGING ADOPTION OF ASRS SOLUTIONS AND ROBOTS TO SUPPORT MARKET GROWTH
  • 9.6 OTHERS
MODULAR AUTOMATION MARKET, BY REGION
112
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    NORTH AMERICA: RECESSION IMPACT
    US
    - Rising demand for flexible and scalable automation systems by manufacturing firms to drive market
    CANADA
    - Strong focus on sustainable and smart manufacturing to fuel market growth
    MEXICO
    - Adoption of Industry 4.0 to ensure improved productivity, quality, and operational efficiency to foster market growth
  • 10.3 EUROPE
    EUROPE: RECESSION IMPACT
    GERMANY
    - Pharmaceuticals and food & beverages industries to contribute to market growth
    UK
    - Escalating need for effective and adaptable manufacturing processes to drive market
    FRANCE
    - Increasing investments in R&D to innovate and improve automation equipment to drive market
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Increasing adoption of smart manufacturing practices to drive market
    JAPAN
    - Integration of cutting–edge technologies in industrial sector to accelerate market growth
    SOUTH KOREA
    - Government support encouraging smart manufacturing to boost demand
    REST OF ASIA PACIFIC
  • 10.5 ROW
    ROW: RECESSION IMPACT
    MIDDLE EAST
    - Increasing investments in infrastructure and industrial development projects to create opportunities
    SOUTH AMERICA
    - Growing adoption of digital technologies to support market growth
    AFRICA
    - Focus on sustainable and efficient manufacturing to generate lucrative opportunities
COMPETITIVE LANDSCAPE
139
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
  • 11.3 REVENUE ANALYSIS, 2019–2023
  • 11.4 MARKET SHARE ANALYSIS, 2023
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.6 BRAND/PRODUCT COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Region footprint
    - Type footprint
    - Mobility footprint
    - Offering footprint
    - Application footprint
  • 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023
    - Detailed list of startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHER DEVELOPMENTS
COMPANY PROFILES
163
  • 12.1 KEY PLAYERS
    ABB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    FESTO
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    YOKOGAWA ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SIEMENS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HIMA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BOSCH REXROTH AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MODULAR AUTOMATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ASCENTIAL TECHNOLOGIES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GINOLIS OY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    INNITI
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 12.2 OTHER PLAYERS
    SOJKA AUTOMATION GMBH
    MESSUNG INDUSTRIAL AUTOMATION
    INOVATECH AUTOMATION, INC.
    ORIENTAL MOTOR USA CORP
    WARD AUTOMATION
    DESIGNPRO AUTOMATION
    ROCKWELL AUTOMATION
    SARLA TECHNOLOGIES
    MODULAR AUTOMATION GMBH
    ACUBEZ MODULAR AUTOMATION LTD.
    HONEYWELL INTERNATIONAL INC.
    TEAL
    MITSUBISHI ELECTRIC CORPORATION
    EMERSON ELECTRIC CO
    BECKHOFF AUTOMATION
APPENDIX
211
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 ASSUMPTIONS IN MODULAR AUTOMATION MARKET
  • TABLE 2 MODULAR AUTOMATION MARKET: LIMITATIONS AND ASSOCIATED RISKS
  • TABLE 3 MODULAR AUTOMATION MARKET: RECESSION IMPACT
  • TABLE 4 ROLE OF COMPANIES IN MODULAR AUTOMATION ECOSYSTEM
  • TABLE 5 INDICATIVE PRICING TREND OF MODULAR AUTOMATION HARDWARE OFFERED BY KEY PLAYERS (USD)
  • TABLE 6 MODULAR AUTOMATION MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • TABLE 8 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
  • TABLE 9 MODULAR AUTOMATION MARKET: PATENTS, 2020–2024
  • TABLE 10 MODULAR AUTOMATION MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 MAJOR STANDARDS FOR MODULAR AUTOMATION SYSTEMS
  • TABLE 16 MODULAR AUTOMATION MARKET, BY MOBILITY, 2020–2023 (USD MILLION)
  • TABLE 17 MODULAR AUTOMATION MARKET, BY MOBILITY, 2024–2029 (USD MILLION)
  • TABLE 18 MODULAR AUTOMATION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 19 MODULAR AUTOMATION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 20 HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 21 HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 22 HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE, 2020–2023 (THOUSAND UNIT)
  • TABLE 23 HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE, 2024–2029 (THOUSAND UNIT)
  • TABLE 24 MODULAR AUTOMATION MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 25 MODULAR AUTOMATION MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 26 MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 27 MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 28 PHARMACEUTICAL: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 29 PHARMACEUTICAL: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 30 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 31 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 32 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 33 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 34 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 35 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 36 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 37 PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 38 CHEMICAL: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 39 CHEMICAL: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 40 CHEMICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 41 CHEMICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 42 CHEMICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 43 CHEMICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 44 CHEMICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 45 CHEMICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 46 CHEMICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 47 CHEMICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 48 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 49 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 50 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 51 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 52 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 53 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 54 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 55 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 56 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 57 FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 58 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 59 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 60 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 61 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 62 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 63 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 64 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 65 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 66 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 67 LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 68 OTHERS: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 69 OTHERS: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 70 OTHERS: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 71 OTHERS: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 72 OTHERS: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 73 OTHERS: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 74 OTHERS: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 75 OTHERS: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 76 OTHERS: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 77 OTHERS: MODULAR AUTOMATION MARKET IN ROW, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 78 MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 79 MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 80 NORTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 81 NORTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 82 NORTH AMERICA: MODULAR AUTOMATION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 83 NORTH AMERICA: MODULAR AUTOMATION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 84 US: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 85 US: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 86 CANADA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 87 CANADA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 88 MEXICO: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 89 MEXICO: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 90 EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 91 EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 92 EUROPE: MODULAR AUTOMATION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 93 EUROPE: MODULAR AUTOMATION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 94 GERMANY: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 95 GERMANY: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 96 UK: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 97 UK: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 98 FRANCE: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 99 FRANCE: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 100 REST OF EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 101 REST OF EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 102 ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 104 ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 106 CHINA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 107 CHINA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 108 JAPAN: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)S
  • TABLE 109 JAPAN: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 110 SOUTH KOREA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 111 SOUTH KOREA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 112 REST OF ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 113 REST OF ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 114 ROW: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 115 ROW: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 116 ROW: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 117 ROW: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 118 MIDDLE EAST: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 119 MIDDLE EAST: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 120 SOUTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 121 SOUTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 122 AFRICA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 123 AFRICA: MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 124 OVERVIEW OF STRATEGIES ADOPTED BY MODULAR AUTOMATION SYSTEM MANUFACTURERS, 2020–2024
  • TABLE 125 MODULAR AUTOMATION MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 126 MODULAR AUTOMATION MARKET: REGION FOOTPRINT
  • TABLE 127 MODULAR AUTOMATION MARKET: TYPE FOOTPRINT
  • TABLE 128 MODULAR AUTOMATION MARKET: MOBILITY FOOTPRINT
  • TABLE 129 MODULAR AUTOMATION MARKET: OFFERING FOOTPRINT
  • TABLE 130 MODULAR AUTOMATION MARKET: APPLICATION FOOTPRINT
  • TABLE 131 MODULAR AUTOMATION MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 132 MODULAR AUTOMATION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 133 MODULAR AUTOMATION MARKET: PRODUCT LAUNCHES, NOVEMBER 2019–MAY 2024
  • TABLE 134 MODULAR AUTOMATION MARKET: DEALS, NOVEMBER 2019–MAY 2024
  • TABLE 135 MODULAR AUTOMATION MARKET: OTHER DEVELOPMENTS, NOVEMBER 2019–MAY 2024
  • TABLE 136 ABB: COMPANY OVERVIEW
  • TABLE 137 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 138 ABB: PRODUCT LAUNCHES
  • TABLE 139 ABB: DEALS
  • TABLE 140 FESTO: COMPANY OVERVIEW
  • TABLE 141 FESTO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 142 FESTO: PRODUCT LAUNCHES
  • TABLE 143 YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 144 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 145 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES
  • TABLE 146 SIEMENS: COMPANY OVERVIEW
  • TABLE 147 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 148 SIEMENS: PRODUCT LAUNCHES
  • TABLE 149 SIEMENS: DEALS
  • TABLE 150 HIMA: COMPANY OVERVIEW
  • TABLE 151 HIMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 152 HIMA: PRODUCT LAUNCHES
  • TABLE 153 HIMA: DEALS
  • TABLE 154 BOSCH REXROTH AG: COMPANY OVERVIEW
  • TABLE 155 BOSCH REXROTH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 156 BOSCH REXROTH AG: PRODUCT LAUNCHES
  • TABLE 157 BOSCH REXROTH AG: DEALS
  • TABLE 158 MODULAR AUTOMATION: COMPANY OVERVIEW
  • TABLE 159 MODULAR AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 160 MODULAR SOJKA AUTOMATION GMBH: DEALS
  • TABLE 161 ASCENTIAL TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 162 ASCENTIAL TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 163 ASCENTIAL TECHNOLOGIES: DEALS
  • TABLE 164 GINOLIS OY: COMPANY OVERVIEW
  • TABLE 165 GINOLIS OY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 166 GINOLIS OY: PRODUCT LAUNCHES
  • TABLE 167 GINOLIS OY: DEALS
  • TABLE 168 INNITI: COMPANY OVERVIEW
  • TABLE 169 INNITI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 170 INNITI: OTHER DEVELOPMENTS
  • TABLE 171 SOJKA AUTOMATION GMBH: COMPANY OVERVIEW
  • TABLE 172 MESSUNG INDUSTRIAL AUTOMATION: COMPANY OVERVIEW
  • TABLE 173 INOVATECH AUTOMATION, INC.: COMPANY OVERVIEW
  • TABLE 174 ORIENTAL MOTOR USA CORP: COMPANY OVERVIEW
  • TABLE 175 WARD AUTOMATION: COMPANY OVERVIEW
  • TABLE 176 DESIGNPRO AUTOMATION: COMPANY OVERVIEW
  • TABLE 177 ROCKWELL AUTOMATION: COMPANY OVERVIEW
  • TABLE 178 SARLA TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 179 MODULAR AUTOMATION GMBH: COMPANY OVERVIEW
  • TABLE 180 ACUBEZ MODULAR AUTOMATION LTD.: COMPANY OVERVIEW
  • TABLE 181 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 182 TEAL: COMPANY OVERVIEW
  • TABLE 183 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 184 EMERSON ELECTRIC CO: COMPANY OVERVIEW
  • TABLE 185 BECKHOFF AUTOMATION: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 MODULAR AUTOMATION MARKET: RESEARCH DESIGN
  • FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY–SIDE ANALYSIS
  • FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY–SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM SALES OF MODULAR AUTOMATION SOLUTIONS
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM–UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP–DOWN APPROACH
  • FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION
  • FIGURE 7 MODULAR TYPE PACKAGE SEGMENT TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
  • FIGURE 8 FULLY AUTOMATIC SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 9 HARDWARE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 10 PHARMACEUTICAL SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 11 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF MODULAR AUTOMATION MARKET IN 2024
  • FIGURE 12 ADOPTION OF IOT, AI, AND ROBOTICS ACROSS VARIOUS INDUSTRIES TO CREATE OPPORTUNITIES FOR PLAYERS IN MODULAR AUTOMATION MARKET
  • FIGURE 13 US AND PHARMACEUTICAL APPLICATIONS TO HOLD LARGEST SHARE OF NORTH AMERICAN MODULAR AUTOMATION MARKET IN 2024
  • FIGURE 14 CHEMICAL SEGMENT TO HOLD LARGEST SHARE OF MODULAR AUTOMATION MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
  • FIGURE 15 CHINA TO RECORD HIGHEST CAGR IN GLOBAL MODULAR AUTOMATION MARKET DURING FORECAST PERIOD
  • FIGURE 16 MODULAR AUTOMATION MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 17 DRIVERS AND THEIR IMPACT ON MODULAR AUTOMATION MARKET
  • FIGURE 18 RESTRAINTS AND THEIR IMPACT ON MODULAR AUTOMATION MARKET
  • FIGURE 19 OPPORTUNITIES AND THEIR IMPACT ON MODULAR AUTOMATION MARKET
  • FIGURE 20 CHALLENGES AND THEIR IMPACT ON MODULAR AUTOMATION MARKET
  • FIGURE 21 VALUE CHAIN ANALYSIS: MODULAR AUTOMATION MARKET
  • FIGURE 22 MODULAR AUTOMATION MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • FIGURE 24 AVERAGE SELLING PRICE TREND OF MODULAR AUTOMATION HARDWARE OFFERED BY KEY PLAYERS, 2023
  • FIGURE 25 AVERAGE SELLING PRICE TREND OF MODULAR AUTOMATION HARDWARE, BY REGION (USD)
  • FIGURE 26 PORTER'S FIVE FORCES ANALYSIS: MODULAR AUTOMATION MARKET
  • FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 29 FUNDS RECEIVED BY COMPANIES IN MODULAR AUTOMATION MARKET
  • FIGURE 30 IMPORT DATA FOR HS CODE 847950–COMPLIANT PRODUCTS, BY COUNTRY, 2019–20203 (USD MILLION)
  • FIGURE 31 EXPORT DATA FOR HS CODE 847950–COMPLIANT PRODUCTS BY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 32 PATENT APPLICANTS AND OWNERS IN MODULAR AUTOMATION MARKET, 2014–2024
  • FIGURE 33 FULLY AUTOMATIC SEGMENT TO WITNESS HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 34 HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
  • FIGURE 35 MTP TO CAPTURE LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
  • FIGURE 36 PHARMACEUTICAL SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 37 ASIA PACIFIC TO DOMINATE MODULAR AUTOMATION MARKET DURING FORECAST PERIOD
  • FIGURE 38 NORTH AMERICA: MODULAR AUTOMATION MARKET SNAPSHOT
  • FIGURE 39 EUROPE: MODULAR AUTOMATION MARKET SNAPSHOT
  • FIGURE 40 ASIA PACIFIC: MODULAR AUTOMATION MARKET SNAPSHOT
  • FIGURE 41 REVENUE ANALYSIS OF KEY PLAYERS IN MODULAR AUTOMATION MARKET, 2019–2023
  • FIGURE 42 MODULAR AUTOMATION MARKET: MARKET SHARE ANALYSIS OF MAJOR PLAYERS, 2023
  • FIGURE 43 MODULAR AUTOMATION MARKET: COMPANY VALUATION (USD MILLION), 2023
  • FIGURE 44 MODULAR AUTOMATION MARKET: FINANCIAL METRICS (EV/EBITDA), 2023
  • FIGURE 45 MODULAR AUTOMATION MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 46 MODULAR AUTOMATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 47 MODULAR AUTOMATION MARKET: COMPANY FOOTPRINT
  • FIGURE 48 MODULAR AUTOMATION MARKET: COMPANY EVALUATION MATRIX (SMES/STARTUPS), 2023
  • FIGURE 49 ABB: COMPANY SNAPSHOT
  • FIGURE 50 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 51 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 52 BOSCH REXROTH AG: COMPANY SNAPSHOT

This research study extensively used secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource. It was used to identify and collect information useful for a technical, market-oriented, and commercial study of the Modular Automation Market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Primary sources included experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, and organizations related to all segments of the value chain of the Modular Automation ecosystem. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.

List of major secondary sources

SOURCE

WEB LINK

International Society of Automation (ISA)

https://www.isa.org/
https://www.omac.org/about-omac

NAMUR

https://www.namur.net/en/focus-topics/automation-modular-plants.html

Organization for Machine Automation and Control (OMAC)

https://www.omac.org/about-omac

OPC Foundation

https://opcconnect.opcfoundation.org/2020/03/enabling-modular-procedural-automation-at-air-liquide/

VDI

https://www.vdi.de/en/home/vdi-standards/

PROFIBUS

https://www.profibus.com/technologies/mtp

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the Modular Automation Market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Modular Automation Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

To estimate and validate the size of the Modular Automation Market and its various submarkets, both top-down and bottom-up methods were employed. Leading market players were identified through secondary research, with their market share in specific regions determined through a combination of primary and secondary research. This comprehensive process included reviewing annual and financial reports from key industry players and conducting in-depth interviews with senior industry executives, including CEOs, VPs, directors, and marketing executives. Percentage distributions and breakdowns were initially derived from secondary data and subsequently validated through primary sources. Every relevant parameter influencing the markets in this study was meticulously considered, verified through primary research, and examined to derive final quantitative and qualitative data. The resulting data was aggregated and enhanced with detailed insights and analysis from MarketsandMarkets, ultimately forming the basis of this report.

Bottom-Up Approach

The bottom-up approach was used to determine the overall size of the revenues of key players and their shares in the market. The overall market size was calculated based on the revenues of key players identified in the market.

  • The first step involved identifying companies that offer modular automation systems, followed by mapping their products according to various parameters, such as type, mobility, and components.
  • The size of the Modular Automation Market was calculated based on the demand from various application areas and the revenue generated by companies within the modular automation ecosystem.
  • Primary interviews were conducted with a few major players in the Modular Automation Industry to confirm the global market size.
  • Secondary sources, including the International Society of Automation (ISA), NAMUR, Organization for Machine Automation and Control (OMAC), OPC Foundation, VDI, and PROFIBUS, were also used to cross-check market size. Other secondary sources comprised company websites, press releases, and research journals.
  • To determine the Compound Annual Growth Rate (CAGR) of the Modular Automation Market, both historical and projected market trends were analyzed by examining the industry's penetration rate and supply and demand in various application areas.
  • All estimates at each stage were confirmed through discussions with key opinion leaders, including corporate executives (CXOs), directors, sales heads, and industry experts from MarketsandMarkets.
  • Several paid and unpaid information sources, such as annual reports, press releases, white papers, and databases, were also reviewed during the research process.

Modular Automation Market
 Size, and Bottom-Up Approach

Top-Down Approach

In the top-down approach, the total size of the Modular Automation Market, derived from percentage splits obtained through both secondary and primary research, was used to estimate the sizes of individual markets, as detailed in the market segmentation.

The top-down approach used the overall market size as a reference point to estimate the size of specific market segments. This approach was also applied to secondary research data to confirm the estimated market sizes for different segments.

Each company's market share was calculated to validate the revenue distribution used earlier in the top-down approach. Using data triangulation and validation through primary research, the study established and confirmed the sizes of both the entire parent market and the individual segments. The data triangulation process employed for this study is detailed in the following section.

  • Revenue information from leading manufacturers and providers of Modular Automation systems and solutions was gathered and analyzed to estimate the global size of the Modular Automation Market.
  • The Modular Automation Market is projected to exhibit a steady growth trend during the forecast period, reflecting its maturity and the presence of numerous well-established players across various sectors.
  • The revenues, geographic footprint, key market sectors, and product offerings of all identified players in the Modular Automation Market were studied to estimate the percentage distribution of different market segments.
  • Secondary research identified major players in each category (by component type and end-user industry) within the Modular Automation Market, and information was confirmed through brief discussions with industry experts.
  • Several discussions with key opinion leaders from leading companies involved in developing Modular Automation systems were conducted to validate the market segmentation based on type, mobility, component, end-use industry, and geography.
  • Geographic splits were estimated using secondary sources, considering various factors, such as the number of companies offering Modular Automation systems in a specific country or region and the types of Modular Automation components provided by these players.

Modular Automation Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the Modular Automation Market from the market size estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using top-down and bottom-up approaches.

Market Definition

Modular automation is a versatile and scalable strategy in industrial automation where production systems consist of interchangeable modules. Each module can function independently or in synergy with others, facilitating effortless customization, swift reconfiguration, and incremental upgrades. This approach allows manufacturers to optimize production processes, minimize downtime, and quickly respond to evolving market demands, thereby improving operational efficiency and cost-effectiveness. Moreover, modular automation promotes innovation by allowing for seamless integration of new technologies

Key Stakeholders

  • Component Manufacturers
  • Government and Research Organizations
  • Modular Automation System Providers
  • Modular Automation Software Providers
  • Original Equipment Manufacturers (OEMs)
  • Professional Services/Solution Providers
  • Research Institutions and Organizations
  • System Integrators

Report Objectives

  • To estimate and forecast the size of the Modular Automation Market in terms of value based on type, mobility, component, end-use industry, and region.
  • To describe and forecast the market size, in terms of volume, based on hardware type.
  • To describe and forecast the market size, in terms of value, for four major regions-North America, Europe, Asia Pacific, and RoW
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the Modular Automation Market
  • To strategically analyze micromarkets regarding individual market trends, growth prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position regarding ranking and core competencies, along with a detailed competitive landscape for the market leaders.
  • To analyze major growth strategies such as product launches, expansions, joint ventures, agreements, and acquisitions adopted by the key market players to enhance their position in the market.
  • To analyze the impact of the recession on the Modular Automation Market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the Modular Automation Market Product Analysis
  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Modular Automation Market.

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Growth opportunities and latent adjacency in Modular Automation Market

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