モジュラーオートメーション市場 – 2029年までの世界予測

Modular Automation Market - Global Forecast to 2029

モジュラーオートメーション市場 - タイプ(モジュール型パッケージ、モジュラーDCS)、モビリティ(半自動、全自動)、コンポーネント(ロボットコントローラー、I/Oモジュール、ドライブとモーター、センサーとアクチュエーター、安全性)、エンドユーザー産業 - 2029年までの世界予測
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
出版年月2024年6月
ページ数218
図表数237
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The Modular Automation Market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion in 2029; it is expected to grow at a CAGR of 7.9% during the forecasted period.

モジュラーオートメーション市場は、2024年の48億米ドルから2029年には70億米ドルに成長すると予測されています。予測期間中に 7.9% の CAGR で成長すると予想されます。

モジュラーオートメーション市場 - 2029年までの世界予測

The Modular Automation Market is growing worldwide due to factors like the rising demand for flexible and scalable production processes, the necessity for quick adaptation to shifting market conditions, the focus on enhancing operational efficiency and reducing downtime, and the incorporation of advanced technologies. Furthermore, the emphasis on sustainability and the capability to reuse and repurpose existing modules significantly contribute to the market’s expansion.

“Modular Type Packages holds the largest market share by type during the forecasted period.”

Modular packages are poised to dominate market share by type during the forecast period. These packages offer flexibility and scalability, allowing businesses to customize automation solutions to specific needs and processes. By modularizing their systems, organizations can efficiently integrate and upgrade components such as software modules, hardware modules, and communication interfaces. This approach enhances operational efficiency and accelerates time-to-market for new products and services. As industries prioritize agility and cost-effectiveness, modular packages emerge as the preferred choice, driving growth and adoption across various sectors worldwide.

モジュラーオートメーション市場 - 2029年までの世界予測 ecosystem

“Pharmaceutical holds the largest market share by End-user Industries during the forecasted period.”

During the forecast period, the pharmaceutical industry is expected to hold the largest market share among end-use industries in modular automation. This sector relies heavily on stringent quality control, precision manufacturing processes, and high levels of automation to ensure product safety and regulatory compliance. Modular automation solutions offer pharmaceutical companies the ability to achieve these objectives by providing flexibility in production setups, scalability to meet varying demands, and integration of advanced technologies like robotics and IoT for enhanced operational efficiency. As pharmaceutical manufacturers seek to optimize production, reduce time-to-market for new drugs, and comply with evolving regulatory standards, the adoption of modular automation is set to expand significantly, solidifying its leadership position in the market.

The study contains various industry experts’ insights, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 -25%, Tier 2 -40%, and Tier 3 – 35%
  • By Designation: C-level Executives – 30%, Directors – 28%, and Others -42%
  • By Region: North America – 37%, Europe -15%, Asia Pacific – 43%, ROW – 5%

モジュラーオートメーション市場 - 2029年までの世界予測 region

The key players operating in the Modular Automation Market are ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), and HIMA (Germany).

Research Coverage:

This market research report thoroughly analyses the Modular Automation Market, categorized by type, mobility, component, end-user industry, and region. Key insights encompass identifying primary drivers and challenges influencing market growth, providing a reliable market forecast until 2029, and presenting a detailed competitive landscape analysis with key players strategically positioned in the Modular automation ecosystem.

The research covers various topics, including market size, growth trends, and industry forecasts. It delves into technology advancements, regulatory frameworks, and emerging market segments. The research often includes competitive analysis, identifying key players and their market share, and exploring factors driving or restraining market growth. This meticulous examination aims to furnish valuable insights for stakeholders to leverage opportunities and navigate potential challenges in the Modular Automation Market.

Key Benefits of Buying the Report

  • Analysis of key drivers (Demand for flexibility in contemporary manufacturing sectors, Cost savings through scalability and reusability, Technological advancements driving innovation), restraints (Initial implementation challenges in integration, Concerns over compatibility between components, Security risks in connected modular systems, and Resistance to change among workforce), opportunities (Expansion into emerging industrial markets, Growing demand for customized solutions, Integration opportunities within Industry 4.0, Service and maintenance market growth), and challenges (Skills gap in modular automation expertise, Regulatory compliance complexities, Supply chain disruptions affecting production, and Addressing sustainability concerns in product development.)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Modular Automation Market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Modular Automation Market across varied regions.
  • Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the Modular Automation Market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players in the modular automation market, such as ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), and HIMA (Germany).

Table of Contents

1            INTRODUCTION            22

1.1         STUDY OBJECTIVES      22

1.2         MARKET DEFINITION   22

1.3         STUDY SCOPE  23

1.3.1      MARKETS COVERED     23

1.3.2      INCLUSIONS AND EXCLUSIONS 23

1.3.3      YEARS CONSIDERED     24

1.4         CURRENCY CONSIDERED          24

1.5         UNITS CONSIDERED     24

1.6         LIMITATIONS   24

1.7         STAKEHOLDERS            25

1.8         RECESSION IMPACT ON MODULAR AUTOMATION MARKET     25

2            RESEARCH METHODOLOGY     26

2.1         RESEARCH DATA           26

2.1.1      PRIMARY DATA 27

2.1.1.1   Key data from primary sources         27

2.1.1.2   List of key primary interview participants       27

2.1.1.3   Breakdown of primaries     28

2.1.2      SECONDARY DATA       28

2.1.2.1   List of major secondary sources       28

2.1.2.2   Key data from secondary sources     29

2.1.3      SECONDARY AND PRIMARY RESEARCH 30

2.1.3.1   Key industry insights          31

2.2         MARKET SIZE ESTIMATION       31

2.2.1      BOTTOM–UP APPROACH          33

2.2.1.1   Approach to arrive at market size using bottom–up analysis       33

2.2.2      TOP–DOWN APPROACH            34

2.2.2.1   Approach to arrive at market size using top–down analysis         34

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    35

2.4         RESEARCH ASSUMPTIONS         36

2.5         RISK ANALYSIS 36

2.6         RECESSION IMPACT      37

2.7         RESEARCH LIMITATIONS           37

3            EXECUTIVE SUMMARY 38

4            PREMIUM INSIGHTS      42

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MODULAR AUTOMATION MARKET             42

4.2         MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION       43

4.3         MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY APPLICATION              43

4.4         MODULAR AUTOMATION MARKET, BY COUNTRY         44

5            MARKET OVERVIEW     45

5.1         INTRODUCTION            45

5.2         MARKET DYNAMICS     45

5.2.1      DRIVERS            46

5.2.1.1   Rising demand for flexibility in contemporary manufacturing    46

5.2.1.2   Increasing focus of businesses on cost savings through scalability and reusability              46

5.2.1.3   Ongoing innovations due to technological advancements           47

5.2.2      RESTRAINTS     47

5.2.2.1   Requirement for high initial investment, specialized training, and interdepartmental coordination       48

5.2.2.2   Compatibility issues           48

5.2.2.3   Cybersecurity concerns      48

5.2.3      OPPORTUNITIES           49

5.2.3.1   Rapid industrialization in developing nations 49

5.2.3.2   Growing demand for customized solutions     49

5.2.3.3   Integration of modular automation systems within Industry 4.0 frameworks              50

5.2.3.4   Constant demand for support and maintenance services by end users      50

5.2.4      CHALLENGES   51

5.2.4.1   Shortage of expertise in modular automation skills       51

5.2.4.2   Complexities associated with regulatory framework     52

5.2.4.3   Supply chain disruptions    52

5.2.4.4   Addressing sustainability concerns in product development       52

5.2.4.5   Resistance to change          53

5.3         VALUE CHAIN ANALYSIS            54

5.4         ECOSYSTEM ANALYSIS 55

5.5         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 57

5.6         PRICING ANALYSIS        58

5.6.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HARDWARE              58

5.6.2      AVERAGE SELLING PRICE TREND OF MODULAR AUTOMATION HARDWARE,

BY REGION        59

5.7         TECHNOLOGY ANALYSIS           59

5.7.1      KEY TECHNOLOGIES    59

5.7.1.1   Industrial Internet of Things (IIoT) 59

5.7.1.2   Robotic systems   60

5.7.2      COMPLEMENTARY TECHNOLOGIES     60

5.7.2.1   5G connectivity   60

5.7.2.2   Edge computing   60

5.7.3      ADJACENT TECHNOLOGIES      60

5.7.3.1   Additive manufacturing     60

5.7.3.2   Augmented reality (AR) and virtual reality (VR)          61

5.8         PORTER’S FIVE FORCES ANALYSIS         61

5.8.1      INTENSITY OF COMPETITIVE RIVALRY 62

5.8.2      BARGAINING POWER OF SUPPLIERS     62

5.8.3      BARGAINING POWER OF BUYERS           62

5.8.4      THREAT OF SUBSTITUTES         63

5.8.5      THREAT OF NEW ENTRANTS    63

5.9         KEY STAKEHOLDERS AND BUYING CRITERIA    63

5.9.1      KEY STAKEHOLDERS IN BUYING PROCESS         63

5.9.2      BUYING CRITERIA         64

5.10       CASE STUDY ANALYSIS 65

5.10.1    AUTOMATED SOLUTIONS FOR ADVANCING SMALL MODULAR REACTOR (SMR) TECHNOLOGY             65

5.10.2    RESHAPING CONSUMER GOODS MANUFACTURING WITH FLEXIBLE AUTOMATION 65

5.10.3    DRIVING INNOVATION AND AUTOMATION IN EV BATTERY MANUFACTURING        66

5.10.4    REVOLUTIONIZING MEDICAL DEVICE PRODUCTION AND ENHANCING OUTPUT WITH ADVANCED AUTOMATION TECHNOLOGY              66

5.11       INVESTMENT AND FUNDING SCENARIO            67

5.12       TRADE ANALYSIS          68

5.12.1    IMPORT DATA (HS CODE 847950)           68

5.12.2    EXPORT DATA (HS CODE 847950)           69

5.13       PATENT ANALYSIS        70

5.14       KEY CONFERENCES AND EVENTS, 2024–2025     74

5.15       REGULATORY LANDSCAPE       76

5.15.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          76

5.15.2    STANDARDS AND REGULATIONS          78

5.15.2.1 Standards            78

5.15.2.2 Regulations          79

6            MODULAR AUTOMATION MARKET, BY MOBILITY         81

6.1         INTRODUCTION            82

6.2         SEMI–AUTOMATIC        83

6.2.1      COMBINATION OF HUMAN JUDGMENT, DEXTERITY, AND MACHINE PRECISION TO BOOST ADOPTION         83

6.3         FULLY AUTOMATIC      83

6.3.1      NEED FOR HIGH–SPEED PRODUCTION WITH CONSISTENT QUALITY TO DRIVE MARKET       83

7            MODULAR AUTOMATION MARKET, BY OFFERING         84

7.1         INTRODUCTION            85

7.2         HARDWARE      86

7.2.1      ROBOT CONTROLLERS 88

7.2.1.1   Growing trend of automating repetitive and labor–intensive tasks to drive adoption 88

7.2.2      INPUT/OUTPUT (I/O) MODULES           88

7.2.2.1   Increasing use to convert input signals from sensors and switches into data to support segmental growth  88

7.2.3      DRIVES AND MOTORS  88

7.2.3.1   Need to convert electrical signals into mechanical motion to boost demand              88

7.2.4      SENSORS AND ACTUATORS      89

7.2.4.1   Focus on precise and reliable operation in automation to foster segmental growth              89

7.2.5      SAFETY COMPONENTS 89

7.2.5.1   Stringent regulations to ensure workplace safety to elevate adoption        89

7.3         SOFTWARE       89

7.3.1      NEED FOR AUTOMATIC RECTIFICATION OF ISSUES TO DRIVE MARKET            89

8            MODULAR AUTOMATION MARKET, BY TYPE    90

8.1         INTRODUCTION            91

8.2         MODULAR TYPE PACKAGE        92

8.2.1      ESTABLISHMENT OF UNIFORM COMMUNICATION PROTOCOLS AND INTERFACES TO BOOST SEGMENTAL GROWTH             92

8.2.2      STANDARDIZED SOLUTIONS    92

8.2.3      APPLICATION–SPECIFIC SOLUTIONS    92

8.3         MODULAR DISTRIBUTED CONTROL SYSTEM   93

8.3.1      SIMPLIFIED MAINTENANCE AND UPGRADES TO SUPPORT SEGMENTAL GROWTH 93

9            MODULAR AUTOMATION MARKET, BY APPLICATION  94

9.1         INTRODUCTION            95

9.2         PHARMACEUTICAL       96

9.2.1      NEED FOR REAL–TIME MONITORING AND CONTROL OF DRUG PRODUCTION PROCESSES TO BOOST DEMAND             96

9.3         CHEMICAL        100

9.3.1      SIGNIFICANT FOCUS OF CHEMICAL MANUFACTURERS ON ACHIEVING GREATER OPERATIONAL AGILITY TO DRIVE MARKET  100

9.4         FOOD & BEVERAGE       103

9.4.1      GREATER FLEXIBILITY AND SCALABILITY AND STRINGENT HYGIENE STANDARDS TO FUEL MARKET GROWTH          103

9.5         LOGISTICS & WAREHOUSING   106

9.5.1      SURGING ADOPTION OF ASRS SOLUTIONS AND ROBOTS TO SUPPORT MARKET GROWTH        106

9.6         OTHERS             109

10          MODULAR AUTOMATION MARKET, BY REGION             112

10.1       INTRODUCTION            113

10.2       NORTH AMERICA          114

10.2.1    NORTH AMERICA: RECESSION IMPACT 114

10.2.2    US         117

10.2.2.1 Rising demand for flexible and scalable automation systems

by manufacturing firms to drive market         117

10.2.3    CANADA            118

10.2.3.1 Strong focus on sustainable and smart manufacturing to fuel market growth              118

10.2.4    MEXICO             119

10.2.4.1 Adoption of Industry 4.0 to ensure improved productivity, quality, and operational efficiency to foster market growth    119

10.3       EUROPE             120

10.3.1    EUROPE: RECESSION IMPACT   120

10.3.2    GERMANY         123

10.3.2.1 Pharmaceuticals and food & beverages industries to contribute to market growth              123

10.3.3    UK         124

10.3.3.1 Escalating need for effective and adaptable manufacturing processes to drive market   124

10.3.4    FRANCE             125

10.3.4.1 Increasing investments in R&D to innovate and improve automation equipment to drive market    125

10.3.5    REST OF EUROPE           126

10.4       ASIA PACIFIC    127

10.4.1    ASIA PACIFIC: RECESSION IMPACT        127

10.4.2    CHINA  130

10.4.2.1 Increasing adoption of smart manufacturing practices to drive market     130

10.4.3    JAPAN  131

10.4.3.1 Integration of cutting–edge technologies in industrial sector to accelerate market growth   131

10.4.4    SOUTH KOREA 132

10.4.4.1 Government support encouraging smart manufacturing to boost demand 132

10.4.5    REST OF ASIA PACIFIC  133

10.5       ROW     134

10.5.1    ROW: RECESSION IMPACT         134

10.5.2    MIDDLE EAST  136

10.5.2.1 Increasing investments in infrastructure and industrial development projects to create opportunities           136

10.5.3    SOUTH AMERICA           137

10.5.3.1 Growing adoption of digital technologies to support market growth         137

10.5.4    AFRICA 138

10.5.4.1 Focus on sustainable and efficient manufacturing to generate lucrative opportunities       138

11          COMPETITIVE LANDSCAPE       139

11.1       OVERVIEW        139

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024     139

11.3       REVENUE ANALYSIS, 2019–2023 141

11.4       MARKET SHARE ANALYSIS, 2023             142

11.5       COMPANY VALUATION AND FINANCIAL METRICS        144

11.6       BRAND/PRODUCT COMPARISON          145

11.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   146

11.7.1    STARS  146

11.7.2    EMERGING LEADERS    146

11.7.3    PERVASIVE PLAYERS     146

11.7.4    PARTICIPANTS 146

11.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      148

11.7.5.1 Company footprint            148

11.7.5.2 Region footprint  149

11.7.5.3 Type footprint     150

11.7.5.4 Mobility footprint 151

11.7.5.5 Offering footprint 152

11.7.5.6 Application footprint         153

11.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          154

11.8.1    PROGRESSIVE COMPANIES       154

11.8.2    RESPONSIVE COMPANIES          154

11.8.3    DYNAMIC COMPANIES 154

11.8.4    STARTING BLOCKS       154

11.8.5    COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023     156

11.8.5.1 Detailed list of startups/SMEs         156

11.8.5.2 Competitive benchmarking of key startups/SMEs        156

11.9       COMPETITIVE SCENARIO AND TRENDS             157

11.9.1    PRODUCT LAUNCHES  157

11.9.2    DEALS  160

11.9.3    OTHER DEVELOPMENTS           162

12          COMPANY PROFILES    163

12.1       KEY PLAYERS   163

12.1.1    ABB       163

12.1.1.1 Business overview 163

12.1.1.2 Products/Solutions/Services offered 164

12.1.1.3 Recent developments         165

12.1.1.3.1            Product launches 165

12.1.1.3.2            Deals     166

12.1.1.4 MnM view           167

12.1.1.4.1            Key strengths       167

12.1.1.4.2            Strategic choices  167

12.1.1.4.3            Weaknesses and competitive threats 167

12.1.2    FESTO  168

12.1.2.1 Business overview 168

12.1.2.2 Products/Solutions/Services offered 168

12.1.2.3 Recent developments         170

12.1.2.3.1            Product launches 170

12.1.2.4 MnM view           170

12.1.2.4.1            Key strengths       170

12.1.2.4.2            Strategic choices  170

12.1.2.4.3            Weaknesses and competitive threats 171

12.1.3    YOKOGAWA ELECTRIC CORPORATION 172

12.1.3.1 Business overview 172

12.1.3.2 Products/Solutions/Services offered 173

12.1.3.3 Recent developments         174

12.1.3.3.1            Products launches              174

12.1.3.4 MnM view           175

12.1.3.4.1            Key strengths       175

12.1.3.4.2            Strategic choices  175

12.1.3.4.3            Weaknesses and competitive threats 175

12.1.4    SIEMENS            176

12.1.4.1 Business overview 176

12.1.4.2 Products/Solutions/Services offered 177

12.1.4.3 Recent developments         179

12.1.4.3.1            Product launches 179

12.1.4.3.2            Deals     179

12.1.4.4 MnM view           179

12.1.4.4.1            Key strengths       179

12.1.4.4.2            Strategic choices  180

12.1.4.4.3            Weaknesses and competitive threats 180

12.1.5    HIMA    181

12.1.5.1 Business overview 181

12.1.5.2 Products/Solutions/Services offered 181

12.1.5.3 Recent developments         182

12.1.5.3.1            Product launches 182

12.1.5.3.2            Deals     182

12.1.5.4 MnM view           183

12.1.5.4.1            Key strengths       183

12.1.5.4.2            Strategic choices  183

12.1.5.4.3            Weaknesses and competitive threats 183

12.1.6    BOSCH REXROTH AG    184

12.1.6.1 Business overview 184

12.1.6.2 Products/Solutions/Services offered 185

12.1.6.3 Recent developments         187

12.1.6.3.1            Product launches 187

12.1.6.3.2            Deals     187

12.1.7    MODULAR AUTOMATION         188

12.1.7.1 Business overview 188

12.1.7.2 Products/Solutions/Services offered 188

12.1.7.3 Recent developments         189

12.1.7.3.1            Deals     189

12.1.8    ASCENTIAL TECHNOLOGIES    190

12.1.8.1 Business overview 190

12.1.8.2 Products/Solutions/Services offered 190

12.1.8.3 Recent developments         191

12.1.8.3.1            Deals     191

12.1.9    GINOLIS OY      192

12.1.9.1 Business overview 192

12.1.9.2 Products/Solutions/Services offered 192

12.1.9.3 Recent developments         193

12.1.9.3.1            Product launches 193

12.1.9.3.2            Deals     194

12.1.10  INNITI  195

12.1.10.1             Business overview 195

12.1.10.2             Products/Solutions/Services offered 195

12.1.10.3             Recent developments         196

12.1.10.3.1          Other developments          196

12.2       OTHER PLAYERS           197

12.2.1    SOJKA AUTOMATION GMBH     197

12.2.2    MESSUNG INDUSTRIAL AUTOMATION 198

12.2.3    INOVATECH AUTOMATION, INC.           199

12.2.4    ORIENTAL MOTOR USA CORP  200

12.2.5    WARD AUTOMATION   201

12.2.6    DESIGNPRO AUTOMATION       202

12.2.7    ROCKWELL AUTOMATION        203

12.2.8    SARLA TECHNOLOGIES 204

12.2.9    MODULAR AUTOMATION GMBH           205

12.2.10  ACUBEZ MODULAR AUTOMATION LTD.            206

12.2.11  HONEYWELL INTERNATIONAL INC.      207

12.2.12  TEAL    208

12.2.13  MITSUBISHI ELECTRIC CORPORATION 208

12.2.14  EMERSON ELECTRIC CO            209

12.2.15  BECKHOFF AUTOMATION        210

13          APPENDIX         211

13.1       DISCUSSION GUIDE      211

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             214

13.3       CUSTOMIZATION OPTIONS      216

13.4       RELATED REPORTS       216

13.5       AUTHOR DETAILS         217

LIST OF TABLES

TABLE 1             ASSUMPTIONS IN MODULAR AUTOMATION MARKET  36

TABLE 2             MODULAR AUTOMATION MARKET: LIMITATIONS AND ASSOCIATED RISKS       36

TABLE 3             MODULAR AUTOMATION MARKET: RECESSION IMPACT              37

TABLE 4             ROLE OF COMPANIES IN MODULAR AUTOMATION ECOSYSTEM     56

TABLE 5             INDICATIVE PRICING TREND OF MODULAR AUTOMATION HARDWARE OFFERED

BY KEY PLAYERS (USD) 58

TABLE 6             MODULAR AUTOMATION MARKET: PORTER’S FIVE FORCES ANALYSIS          61

TABLE 7             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE APPLICATIONS      63

TABLE 8             KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES    64

TABLE 9             MODULAR AUTOMATION MARKET: PATENTS, 2020–2024              70

TABLE 10           MODULAR AUTOMATION MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025             74

TABLE 11           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 76

TABLE 12           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

TABLE 13           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 77

TABLE 14           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 78

TABLE 15           MAJOR STANDARDS FOR MODULAR AUTOMATION SYSTEMS              79

TABLE 16           MODULAR AUTOMATION MARKET, BY MOBILITY, 2020–2023 (USD MILLION) 82

TABLE 17           MODULAR AUTOMATION MARKET, BY MOBILITY, 2024–2029 (USD MILLION) 82

TABLE 18           MODULAR AUTOMATION MARKET, BY OFFERING, 2020–2023 (USD MILLION) 85

TABLE 19           MODULAR AUTOMATION MARKET, BY OFFERING, 2024–2029 (USD MILLION) 86

TABLE 20           HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2020–2023 (USD MILLION)          86

TABLE 21           HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2024–2029 (USD MILLION)          87

TABLE 22           HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2020–2023 (THOUSAND UNIT)   87

TABLE 23           HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2024–2029 (THOUSAND UNIT)   87

TABLE 24           MODULAR AUTOMATION MARKET, BY TYPE, 2020–2023 (USD MILLION)          91

TABLE 25           MODULAR AUTOMATION MARKET, BY TYPE, 2024–2029 (USD MILLION)          91

TABLE 26           MODULAR AUTOMATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     95

TABLE 27           MODULAR AUTOMATION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     96

TABLE 28           PHARMACEUTICAL: MODULAR AUTOMATION MARKET, BY REGION,

2020–2023 (USD MILLION)          96

TABLE 29           PHARMACEUTICAL: MODULAR AUTOMATION MARKET, BY REGION,

2024–2029 (USD MILLION)          97

TABLE 30           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA,

BY COUNTRY, 2020–2023 (USD MILLION)            97

TABLE 31           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA,

BY COUNTRY, 2024–2029 (USD MILLION)            97

TABLE 32           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)         98

TABLE 33           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)         98

TABLE 34           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC,

BY COUNTRY, 2020–2023 (USD MILLION)            98

TABLE 35           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC,

BY COUNTRY, 2024–2029 (USD MILLION)            99

TABLE 36           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2020–2023 (USD MILLION)          99

TABLE 37           PHARMACEUTICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2024–2029 (USD MILLION)          99

TABLE 38           CHEMICAL: MODULAR AUTOMATION MARKET, BY REGION,

2020–2023 (USD MILLION)          100

TABLE 39           CHEMICAL: MODULAR AUTOMATION MARKET, BY REGION,

2024–2029 (USD MILLION)          100

TABLE 40           CHEMICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)       101

TABLE 41           CHEMICAL: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)       101

TABLE 42           CHEMICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY,

2020–2023 (USD MILLION)          101

TABLE 43           CHEMICAL: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY,

2024–2029 (USD MILLION)          101

TABLE 44           CHEMICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)          102

TABLE 45           CHEMICAL: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)          102

TABLE 46           CHEMICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2020–2023 (USD MILLION)          102

TABLE 47           CHEMICAL: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2024–2029 (USD MILLION)          102

TABLE 48           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET, BY REGION,

2020–2023 (USD MILLION)          103

TABLE 49           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET, BY REGION,

2024–2029 (USD MILLION)          103

TABLE 50           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN NORTH AMERICA,

BY COUNTRY, 2020–2023 (USD MILLION)            104

TABLE 51           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN NORTH AMERICA,

BY COUNTRY, 2024–2029 (USD MILLION)            104

TABLE 52           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)         104

TABLE 53           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)         104

TABLE 54           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ASIA PACIFIC,

BY COUNTRY, 2020–2023 (USD MILLION)            105

TABLE 55           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ASIA PACIFIC,

BY COUNTRY, 2024–2029 (USD MILLION)            105

TABLE 56           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2020–2023 (USD MILLION)          105

TABLE 57           FOOD & BEVERAGE: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2024–2029 (USD MILLION)          105

TABLE 58           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)            106

TABLE 59           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)            106

TABLE 60           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN

NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)       107

TABLE 61           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN

NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)       107

TABLE 62           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN EUROPE,

BY COUNTRY, 2020–2023 (USD MILLION)            107

TABLE 63           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN EUROPE,

BY COUNTRY, 2024–2029 (USD MILLION)            107

TABLE 64           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)       108

TABLE 65           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)       108

TABLE 66           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ROW,

BY REGION, 2020–2023 (USD MILLION)  108

TABLE 67           LOGISTICS & WAREHOUSING: MODULAR AUTOMATION MARKET IN ROW,

BY REGION, 2024–2029 (USD MILLION)  108

TABLE 68           OTHERS: MODULAR AUTOMATION MARKET, BY REGION,

2020–2023 (USD MILLION)          109

TABLE 69           OTHERS: MODULAR AUTOMATION MARKET, BY REGION,

2024–2029 (USD MILLION)          109

TABLE 70           OTHERS: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)       110

TABLE 71           OTHERS: MODULAR AUTOMATION MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)       110

TABLE 72           OTHERS: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY,

2020–2023 (USD MILLION)          110

TABLE 73           OTHERS: MODULAR AUTOMATION MARKET IN EUROPE, BY COUNTRY,

2024–2029 (USD MILLION)          110

TABLE 74           OTHERS: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY,

2020–2023 (USD MILLION)          111

TABLE 75           OTHERS: MODULAR AUTOMATION MARKET IN ASIA PACIFIC, BY COUNTRY,

2024–2029 (USD MILLION)          111

TABLE 76           OTHERS: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2020–2023 (USD MILLION)          111

TABLE 77           OTHERS: MODULAR AUTOMATION MARKET IN ROW, BY REGION,

2024–2029 (USD MILLION)          111

TABLE 78           MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION) 113

TABLE 79           MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION) 114

TABLE 80           NORTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          115

TABLE 81           NORTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          116

TABLE 82           NORTH AMERICA: MODULAR AUTOMATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          116

TABLE 83           NORTH AMERICA: MODULAR AUTOMATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          116

TABLE 84           US: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          117

TABLE 85           US: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          117

TABLE 86           CANADA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          118

TABLE 87           CANADA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          118

TABLE 88           MEXICO: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          119

TABLE 89           MEXICO: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          119

TABLE 90           EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          122

TABLE 91           EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          122

TABLE 92           EUROPE: MODULAR AUTOMATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          122

TABLE 93           EUROPE: MODULAR AUTOMATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          123

TABLE 94           GERMANY: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          123

TABLE 95           GERMANY: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          124

TABLE 96           UK: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          124

TABLE 97           UK: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          125

TABLE 98           FRANCE: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          125

TABLE 99           FRANCE: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          126

TABLE 100         REST OF EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          126

TABLE 101         REST OF EUROPE: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          127

TABLE 102         ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          129

TABLE 103         ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          129

TABLE 104         ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          129

TABLE 105         ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          130

TABLE 106         CHINA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          130

TABLE 107         CHINA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          131

TABLE 108         JAPAN: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)S        131

TABLE 109         JAPAN: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          132

TABLE 110         SOUTH KOREA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          132

TABLE 111         SOUTH KOREA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          133

TABLE 112         REST OF ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          133

TABLE 113         REST OF ASIA PACIFIC: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          134

TABLE 114         ROW: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          134

TABLE 115         ROW: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          135

TABLE 116         ROW: MODULAR AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)     135

TABLE 117         ROW: MODULAR AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)     135

TABLE 118         MIDDLE EAST: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          136

TABLE 119         MIDDLE EAST: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          136

TABLE 120         SOUTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          137

TABLE 121         SOUTH AMERICA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          137

TABLE 122         AFRICA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2020–2023 (USD MILLION)          138

TABLE 123         AFRICA: MODULAR AUTOMATION MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          138

TABLE 124         OVERVIEW OF STRATEGIES ADOPTED BY MODULAR AUTOMATION SYSTEM MANUFACTURERS, 2020–2024   139

TABLE 125         MODULAR AUTOMATION MARKET: DEGREE OF COMPETITION, 2023     142

TABLE 126         MODULAR AUTOMATION MARKET: REGION FOOTPRINT              149

TABLE 127         MODULAR AUTOMATION MARKET: TYPE FOOTPRINT 150

TABLE 128         MODULAR AUTOMATION MARKET: MOBILITY FOOTPRINT              151

TABLE 129         MODULAR AUTOMATION MARKET: OFFERING FOOTPRINT              152

TABLE 130         MODULAR AUTOMATION MARKET: APPLICATION FOOTPRINT      153

TABLE 131         MODULAR AUTOMATION MARKET: LIST OF KEY STARTUPS/SMES           156

TABLE 132         MODULAR AUTOMATION MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES   156

TABLE 133         MODULAR AUTOMATION MARKET: PRODUCT LAUNCHES,

NOVEMBER 2019–MAY 2024        157

TABLE 134         MODULAR AUTOMATION MARKET: DEALS, NOVEMBER 2019–MAY 2024           160

TABLE 135         MODULAR AUTOMATION MARKET: OTHER DEVELOPMENTS,

NOVEMBER 2019–MAY 2024        162

TABLE 136         ABB: COMPANY OVERVIEW       163

TABLE 137         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        164

TABLE 138         ABB: PRODUCT LAUNCHES       165

TABLE 139         ABB: DEALS      166

TABLE 140         FESTO: COMPANY OVERVIEW  168

TABLE 141         FESTO: PRODUCTS/SOLUTIONS/SERVICES OFFERED   168

TABLE 142         FESTO: PRODUCT LAUNCHES  170

TABLE 143         YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW              172

TABLE 144         YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      173

TABLE 145         YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES              174

TABLE 146         SIEMENS: COMPANY OVERVIEW            176

TABLE 147         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              177

TABLE 148         SIEMENS: PRODUCT LAUNCHES            179

TABLE 149         SIEMENS: DEALS            179

TABLE 150         HIMA: COMPANY OVERVIEW    181

TABLE 151         HIMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED     181

TABLE 152         HIMA: PRODUCT LAUNCHES    182

TABLE 153         HIMA: DEALS    182

TABLE 154         BOSCH REXROTH AG: COMPANY OVERVIEW    184

TABLE 155         BOSCH REXROTH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED          185

TABLE 156         BOSCH REXROTH AG: PRODUCT LAUNCHES    187

TABLE 157         BOSCH REXROTH AG: DEALS    187

TABLE 158         MODULAR AUTOMATION: COMPANY OVERVIEW          188

TABLE 159         MODULAR AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          188

TABLE 160         MODULAR SOJKA AUTOMATION GMBH: DEALS             189

TABLE 161         ASCENTIAL TECHNOLOGIES: COMPANY OVERVIEW     190

TABLE 162         ASCENTIAL TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED   190

TABLE 163         ASCENTIAL TECHNOLOGIES: DEALS     191

TABLE 164         GINOLIS OY: COMPANY OVERVIEW       192

TABLE 165         GINOLIS OY: PRODUCTS/SOLUTIONS/SERVICES OFFERED              192

TABLE 166         GINOLIS OY: PRODUCT LAUNCHES       193

TABLE 167         GINOLIS OY: DEALS      194

TABLE 168         INNITI: COMPANY OVERVIEW  195

TABLE 169         INNITI: PRODUCTS/SOLUTIONS/SERVICES OFFERED   195

TABLE 170         INNITI: OTHER DEVELOPMENTS           196

TABLE 171         SOJKA AUTOMATION GMBH: COMPANY OVERVIEW     197

TABLE 172         MESSUNG INDUSTRIAL AUTOMATION: COMPANY OVERVIEW              198

TABLE 173         INOVATECH AUTOMATION, INC.: COMPANY OVERVIEW              199

TABLE 174         ORIENTAL MOTOR USA CORP: COMPANY OVERVIEW   200

TABLE 175         WARD AUTOMATION: COMPANY OVERVIEW    201

TABLE 176         DESIGNPRO AUTOMATION: COMPANY OVERVIEW       202

TABLE 177         ROCKWELL AUTOMATION: COMPANY OVERVIEW        203

TABLE 178         SARLA TECHNOLOGIES: COMPANY OVERVIEW 204

TABLE 179         MODULAR AUTOMATION GMBH: COMPANY OVERVIEW              205

TABLE 180         ACUBEZ MODULAR AUTOMATION LTD.: COMPANY OVERVIEW        206

TABLE 181         HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW              207

TABLE 182         TEAL: COMPANY OVERVIEW     208

TABLE 183         MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW              208

TABLE 184         EMERSON ELECTRIC CO: COMPANY OVERVIEW             209

TABLE 185         BECKHOFF AUTOMATION: COMPANY OVERVIEW         210

LIST OF FIGURES

FIGURE 1           MODULAR AUTOMATION MARKET: RESEARCH DESIGN              26

FIGURE 2           MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY–SIDE ANALYSIS          32

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY–SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM SALES OF MODULAR AUTOMATION SOLUTIONS             32

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM–UP APPROACH       34

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP–DOWN APPROACH       35

FIGURE 6           MARKET BREAKDOWN AND DATA TRIANGULATION    35

FIGURE 7           MODULAR TYPE PACKAGE SEGMENT TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD     38

FIGURE 8           FULLY AUTOMATIC SEGMENT TO REGISTER HIGHER CAGR DURING

FORECAST PERIOD       39

FIGURE 9           HARDWARE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD       40

FIGURE 10         PHARMACEUTICAL SEGMENT TO EXHIBIT HIGHEST CAGR DURING

FORECAST PERIOD       40

FIGURE 11         ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF MODULAR AUTOMATION MARKET IN 2024       41

FIGURE 12         ADOPTION OF IOT, AI, AND ROBOTICS ACROSS VARIOUS INDUSTRIES TO CREATE OPPORTUNITIES FOR PLAYERS IN MODULAR AUTOMATION MARKET             42

FIGURE 13         US AND PHARMACEUTICAL APPLICATIONS TO HOLD LARGEST SHARE OF

NORTH AMERICAN MODULAR AUTOMATION MARKET IN 2024 43

FIGURE 14         CHEMICAL SEGMENT TO HOLD LARGEST SHARE OF MODULAR AUTOMATION MARKET IN ASIA PACIFIC DURING FORECAST PERIOD              43

FIGURE 15         CHINA TO RECORD HIGHEST CAGR IN GLOBAL MODULAR AUTOMATION MARKET DURING FORECAST PERIOD    44

FIGURE 16         MODULAR AUTOMATION MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       45

FIGURE 17         DRIVERS AND THEIR IMPACT ON MODULAR AUTOMATION MARKET            46

FIGURE 18         RESTRAINTS AND THEIR IMPACT ON MODULAR AUTOMATION MARKET             47

FIGURE 19         OPPORTUNITIES AND THEIR IMPACT ON MODULAR AUTOMATION MARKET             49

FIGURE 20         CHALLENGES AND THEIR IMPACT ON MODULAR AUTOMATION MARKET             51

FIGURE 21         VALUE CHAIN ANALYSIS: MODULAR AUTOMATION MARKET              54

FIGURE 22         MODULAR AUTOMATION MARKET: ECOSYSTEM ANALYSIS              55

FIGURE 23         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              57

FIGURE 24         AVERAGE SELLING PRICE TREND OF MODULAR AUTOMATION HARDWARE OFFERED BY KEY PLAYERS, 2023     58

FIGURE 25         AVERAGE SELLING PRICE TREND OF MODULAR AUTOMATION HARDWARE,

BY REGION (USD)          59

FIGURE 26         PORTER’S FIVE FORCES ANALYSIS: MODULAR AUTOMATION MARKET            62

FIGURE 27         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE APPLICATIONS      63

FIGURE 28         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              64

FIGURE 29         FUNDS RECEIVED BY COMPANIES IN MODULAR AUTOMATION MARKET             67

FIGURE 30         IMPORT DATA FOR HS CODE 847950–COMPLIANT PRODUCTS, BY COUNTRY, 2019–20203 (USD MILLION)          68

FIGURE 31         EXPORT DATA FOR HS CODE 847950–COMPLIANT PRODUCTS

BY COUNTRY, 2019–2023 (USD MILLION)            69

FIGURE 32         PATENT APPLICANTS AND OWNERS IN MODULAR AUTOMATION MARKET,

2014–2024          73

FIGURE 33         FULLY AUTOMATIC SEGMENT TO WITNESS HIGHER CAGR

DURING FORECAST PERIOD     82

FIGURE 34         HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD       85

FIGURE 35         MTP TO CAPTURE LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD       91

FIGURE 36         PHARMACEUTICAL SEGMENT TO WITNESS HIGHEST CAGR

DURING FORECAST PERIOD     95

FIGURE 37         ASIA PACIFIC TO DOMINATE MODULAR AUTOMATION MARKET

DURING FORECAST PERIOD     113

FIGURE 38         NORTH AMERICA: MODULAR AUTOMATION MARKET SNAPSHOT        115

FIGURE 39         EUROPE: MODULAR AUTOMATION MARKET SNAPSHOT              121

FIGURE 40         ASIA PACIFIC: MODULAR AUTOMATION MARKET SNAPSHOT              128

FIGURE 41         REVENUE ANALYSIS OF KEY PLAYERS IN MODULAR AUTOMATION MARKET,

2019–2023          141

FIGURE 42         MODULAR AUTOMATION MARKET: MARKET SHARE ANALYSIS OF

MAJOR PLAYERS, 2023   142

FIGURE 43         MODULAR AUTOMATION MARKET: COMPANY VALUATION (USD MILLION), 2023    144

FIGURE 44         MODULAR AUTOMATION MARKET: FINANCIAL METRICS (EV/EBITDA), 2023         144

FIGURE 45         MODULAR AUTOMATION MARKET: BRAND/PRODUCT COMPARISON   145

FIGURE 46         MODULAR AUTOMATION MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023     147

FIGURE 47         MODULAR AUTOMATION MARKET: COMPANY FOOTPRINT              148

FIGURE 48         MODULAR AUTOMATION MARKET: COMPANY EVALUATION MATRIX (SMES/STARTUPS), 2023           155

FIGURE 49         ABB: COMPANY SNAPSHOT       164

FIGURE 50         YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT              173

FIGURE 51         SIEMENS: COMPANY SNAPSHOT            177

FIGURE 52         BOSCH REXROTH AG: COMPANY SNAPSHOT    185