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. Major trends observed in the global programmable robots
market are analyzed and explained in detail in the report. 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. The report also contains a
thorough analysis of the COVID-19 pandemic’s impact on the global programmable
robots market.
Growth
Drivers:
Robotics has the potential to elevate efficiency, transform work practices, and enhance service offerings in various sectors. Robots are influencing every industry vertical. However, building a robot is a tedious task and consumes a lot of time for drilling, soldering, programming, and other operations. This tedious task of building robots is simplified with the use of programmable robot kits. The kit contains all the electronic and mechanical components to make functional robots capable of performing elementary movements. The languages used for programming are C/C++, Python, Java, C#/.NET and Matlab.
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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.
Segmentation:
The global programmable robots market is segmented
on the basis of component, application, and region.
- By component, the market is segmented into hardware
and software. Hardware is further sub-segmented into sensors, actuators, power
source, PC interface, programmable platforms, and others.
- By application, the market
is segmented into education and entertainment. Education is further
sub-segmented into schools & universities and research institutes where as
entertainment is further sub-segmented into media and gaming.
Regional
Analysis:
North America is likely to dominate the global
programmable robots market over the forecast period due to the growing adoption
of programmable robots and the strong presence of major market players in the
region. Asia Pacific is also likely to remain an important regional market for
programmable robots due to the strong development of the robotics sector in
countries such as China, Japan, and South Korea.
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Information: https://www.marketresearchfuture.com/reports/programmable-robots-market-6840
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Programmable robots Market Segmentation
Continued…….…
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