Global programmable robots market likely to grow indefinitely due to surge in demand for domestic consumer robotics

02-Mar-2022 | Zion Market Research

The global programmable robots market was valued at $429.78 million in 2021 and is anticipated to surpass $1210 million by the end of 2028 with a CAGR of 15.90%. The report offers a brief assessment of the market’s drivers, restraints, and opportunities dynamics, along with its impact on demand over the forecast period. The report also facilitates insights on the competitive landscape – vendor’s portfolio, their growth strategy, market share, and merger & acquisition.

The programmable robot is an automatic device that works with the help of recognized programs or remote control. The robots are used by a number of end-users for understanding and conceptualizing theories that are core subject matter in operating and designing robotics with the help of programming languages like C++, Java, and C. Students, hobbyists, and researchers use these programmable robots for different purposes. However, programmable robots are widely utilized for driving cars, and it is also ideal as robotic pets.

Global programmable robots market

The global programmable robots market is likely to grow exponentially due to the advent of advanced robots like robotic arms, gadgets, and advanced mobile robots. Out of these, mobile robots are revolutionizing the world in the agriculture farming space. Furthermore, the growing adoption rate of programmable robots in the education, industry, military, and research sectors is likely to expand the scope of programmable robots. The surge in demand for domestic consumer robotics for different purposes will also accentuate the growth of the global market. The various advantages of programmable robots, like their ideal usage in the ultraviolet LED and extended battery life of electronic gadgets, are some of the leading growth factors. The adoption of programmable robots in the education sector is likely to improve the competencies in the core spaces like math, science, engineering, and technology. Several big organizations are adopting programmable robots for advanced development. For instance, Honda is fueling its research and development activities for programmable robots to accelerate the development of next-generation mobility like walking assist devices, ASIMO, UNI-CUB, and other technologies. The outbreak of the Covid-19 pandemic has affected the growth trajectory of the global programmable robots market as manufacturing units were shut down and the supply chain was disturbed, but overall it has a positive impact on the market. A growing number of organizations are deploying robots for performing different tasks post-Covid landscape to maintain social distancing and prevent the spread of viruses. Additionally, parents all across the globe have started adopting robotics for educating their children to avoid social interaction amid the Covid landscape. Therefore, Covid-19 has an overall positive impact on the global market.

Browse the full Programmable Robots Market By Type (Hardware and Software), By Application (Entertainment, Research & Education, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/programmable-robots-market

The global programmable robots market can be segmented into application, type, and region.

By application, the market can be segmented into entertainment, research, education, and others. The education segment accounts for the largest share in the global market due to the wide deployment of programmable robots for creating a learning environment in educational institutes, schools, and universities. However, the research sector is also the fastest-growing segment in the global market due to the intensifying research activities in every space for innovation.

By type, the market can be segmented into hardware and software.

North America accounts for the largest share in the global programmable robots market due to the growing deployment of programmable robots in educational institutes. Furthermore, there is high demand for programmable robots from the domestic consumer segment, which in turn is likely to significantly upscale the growth trajectory of the regional market during the forecast period.

Some of the significant players in the global programmable robots market are Orbotix Inc., iRobot Corporation, SoftBank Robotics, Lego Group, RoboBuilder Co. Ltd., WowWee Group Limited, RobotShop Inc., and Yujin Robot Co. Ltd.

Recent developments

  • To cite, Bossa Nova Robotics in July 2018 acquired Hawxeye to redefine object detection performance by Bossa Nova’s robots.
  • RobotShop.com, in September 2020, introduced a major pivot by ramping up its online activities. It will help robotics product makers and suppliers to sell directly on its e-commerce platform.

Global programmable robots market is segmented as follows:

By Type

  • Hardware
  • Software

By Application

  • Entertainment
  • Research
  • Education

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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