According to Market Research Future (MRFR), the global Programmable Robots Market is expected to reach USD 4 billion at a CAGR of 15% from 2017 to 2023 (forecast period). The report discusses and examines the effects of the outbreak of COVID-19 on the global programmable robots market, including possible opportunities and threats, drivers, and risks.
Robotics has the potential to increase efficiency, transform work practices, and enhance service offerings. Robots affect every vertical industry. But building a robot is a tedious task that takes a lot of time for drilling, soldering, programming, and so on. This time-consuming task of building robots is simplified with the use of a programmable robot kit. The kit includes all the electronic and mechanical components needed to make a functional robot capable of performing elementary movements. The programming languages used are C/C++, Python, Java, C#/.NET, and Matlab. Programmable robots are autonomous robots that can be controlled by using a remote control or programmed with a set of instructions. Programmable robots with AI capabilities do not need external control. It adapts to the environment, has thinking capabilities, and executes tasks on its own.
Market Dynamics
Growing adoption of programmable robots for educational purposes to improve the learning and teaching process accelerates the growth of the market for programmable robots. In addition, the availability of an open-source platform providing customization features to program the robots and the availability of low-cost robotic kits are boosting the growth of the market for programmable robots.
Programmable robots in education help students are highly involved in the four subject areas: science, technology, engineering, and mathematics (STEM). It helps students learn through project-based learning, hands-on learning, collaborative learning, authentic learning, and constructive learning methods that enhance the learning process. Programmable robots are also used for entertainment purposes for gaming and media.
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Key Players
Notable players in the market of programmable robots are iRobot Corporation (US), Honda Motor Co., Ltd (Japan), The LEGO Group (Denmark), RobotShop Inc. (Canada), Bossa Nova Robotics (US), Wowwee Group Ltd (Hong Kong), Fischertechnik GmbH (Germany), Evolution Robotics (US), SuperDroid Robots Inc. (US), and Sphero (US).
Other participants include Toyota Motor Corporation (Japan), Robobuilder Co., Ltd. (South Korea), Yujin Robot Co., Ltd. (South Korea), Ozobot & Evollve, Inc. (US), SoftBank Robotics (Japan), Rouge Robotics (Canada), and VEX Robotics (US) among others.
Market Segmentation
The global programmable robots market has been segmented based on components and applications.
By component, the global programmable robots market has been segmented into hardware and software. Hardware is further divided into sensors, actuators, power source, PC interface, programmable platforms, and others.
By application, the global programmable robots market has been segmented into education and entertainment. Education is further divided into schools & universities, and research institutes, whereas entertainment, is further divided into media and gaming.
Regional Analysis
The geographical analysis of the global programmable robots market is done for North America, Europe, Asia Pacific, and the rest of the world.
North America is predicted to dominate the market for programmable robots during the forecast period. Well-established economies, such as the United States and Canada, have invested a large share in research and development of robotics technology which is a significant factor influencing the market's growth in this region. Increased adoption of robotic kits in schools, universities, and research institutes for educational purposes is another reason for the development of the market for programmable robots.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Programmable Robots Market Segmentation
- Programmable Robots Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
Continued...…
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The Global Programmable Robots Market is expected to exhibit a strong 15% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
The global programmable robots market is expected to reach a valuation of USD 4 Billion by 2023, according to the report.The growth trajectory of the global programmable robots market is thus explained in full detail in the report, along with an analysis of the major trends having a notable impact on the market’s trajectory.
The operations of major players operating in the global programmable robots market are also elaborated upon in the report in order to shed sufficient light on the global programmable robots market’s competitive dynamics.
Growth Drivers:Robotics has the potential to elevate efficiency, transform work practices, and enhance service offerings in various sectors.
Programmable robots help students learn via project-based learning, hands-on learning, collaborative learning, authentic learning, and constructive learning approaches, which stimulate the learning process.
Programmable robots are also used for entertainment purposes in gaming and media.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6840 Competitive Leaderboard: Leading players in the global programmable robots market include VEX Robotics, Rouge Robotics, Robobuilder Co. Ltd., Ozobot & Evolive Inc., SoftBank Robotics, Yujin Robot Co. Ltd., Toyota Motor Corporation, Sphero, Evolution Robotics, Fischertechnik GmbH, SuperDroid Robots Inc., Wowwee Group Ltd., Honda Motor Co. Ltd., Bossa Nova Robotics, RobotShop Inc., The LEGO Group, and iRobot Corporation.
The Global Programmable Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversIncreasing trends of robots in the education and research sectorPotential open-source platformsRestraintsHigh initial costThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on component and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Programmable Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/19965-programmable-robots-market-reportThe report also covers the complete competitive landscape of the global Programmable Robots market with company profiles of key players such as:Aldebaran Robotics SASBossa Nova Robotics, Inc.Honda Motor Co., Ltd.Innovation First International, Inc.Lego GroupOrbotix, Inc.RoboBuilder Co., Ltd.RobotShop, Inc.Romotive, Inc.WowWee Group LimitedYujin Robot Co., Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Component:HardwareSoftwareBy Applications:Education & ResearchEntertainmentOthers (Cleaning Homes, Business Assistants etc.
)By Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Programmable Robots Market @ https://www.decisiondatabases.com/contact/download-sample-19965The Global Programmable Robots Market has been exhibited in detail in the following chapters -Chapter 1 Programmable Robots Market PrefaceChapter 2 Executive SummaryChapter 3 Programmable Robots Industry AnalysisChapter 4 Programmable Robots Market Value Chain AnalysisChapter 5 Programmable Robots Market Analysis By ComponentChapter 6 Programmable Robots Market Analysis By ApplicationsChapter 7 Programmable Robots Market Analysis By GeographyChapter 8 Competitive Landscape Of Programmable Robots CompaniesChapter 9 Company Profiles Of Programmable Robots IndustryPurchase the complete Global Programmable Robots Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19965Other Reports by DecisionDatabases.com:Global Collaborative Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Entertainment Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Healthcare Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
