Programmable Robots Market Size, Share, Growth Report 2030

Programmable Robots Market

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

Category: Technology & Media Report Format : PDF Pages: 177 Report Code: ZMR-1761 Published Date: Mar-2022 Status : Published

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 15.9 0%. also provides the Market’s drivers, restraints, and opportunities dynamics, along with its impact on demand over the forecast period.

Programmable Robots Market Industry Perspective:

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 15.9 0%. 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.

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Programmable Robots Market: Overview

The programmable robot is an automatic device that functions with the help of remote control or programming language. Such robots are programmable report kits ranging from complex robots like humanoids to single-wheeled robots and PC control to simple remote control robots. These robots further assist in conceptualizing and understanding the subject matter theories of operating and designing a robot. It also helps to effectively program robots with the help of virtual languages like Java, C++, C, and others. Additionally, they also help people in structured thinking for resolving problems.

The programmable robots are deployed for different objectives like education and attainment, and others. Programmable robots assist children in learning all the aspects of engineering, electronics coding, and computer science. One such example is the Addison robot. Robots are a powerful medium to make science, technology, engineering, and mathematics (STEM) education more entertaining for children. These robots offer a learning environment to kids where they can easily connect between what subject matter they are learning and the world revolving around them.

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COVID-19 Impact:

The outbreak of Covid-19 has impacted the growth trajectory of the global programmable robots market, but in the short run. New product launches and product innovations are likely to thrive up the growth of the market. All the major economies are the hub of consumer robotic development, but all were severely crippled by the outbreak of coronavirus. However, the post-Covid-19 landscape is likely to witness a boom in demand as parents are inclining more towards limiting the social interaction of their children and engaging them with programmable robots for educational purposes.

Report Scope:

 

Programmable Robots Market: Growth Drivers

Programmable Robots Market: The high adoption rate of programmable robots for educational purposes will spur the global market growth

The surging popularity of practical learning will hit the market growth exponentially. Additionally, the evolution of programmable robots has transformed the nature of education for children of all age groups ranging from kindergarten school to graduate universities. Educational authorities are making initiatives to integrate robotically driven courses in the education curriculums of children at every level. A large number of vendors are increasing their research and development activities to upgrade their understanding of robots for educational purposes. For instance, Fischertechnik launched a learning environment for understanding the subject matter on industry 4.0 applications in schools. Apart from this, it will also help understand its research and development components in the IT department, companies, and universities. However, the new product launches are likely to accelerate the market growth. A new programmable robot Luka – the owl was introduced to the market in 2020 by leveraging the power of artificial intelligence. It is said that it can read 50,000 books from a database to children.

Programmable Robots Market: Restraints

Programmable Robots Market: High cost for the development of robots is likely to hamper the market growth

The research and development activities in the robots space are quite high. Additionally, the manufacturing cost ultimately makes the final product more expensive. Therefore, it is likely to hinder the growth of the market.

Programmable Robots Market: Opportunities

Programmable Robots Market: Integration of artificial intelligence and the emergence of deep learning systems is likely to create lucrative growth opportunities for the market

The technological advancements and innovations are likely to offer growth in the programmable robot space and make it more viable for them to be adopted for a wide range of purposes. The integration of artificial intelligence along with the emergence of deep learning systems is likely to create lucrative growth opportunities in the forthcoming years. Therefore, the demand for the programmable robot is expected to intensify in the forthcoming years as it can be used for a wide range of services like business assistants, cleaning homes, and others. These robots are known to be a significant asset in the defense military sector for destroying and locating armed explosives.

Programmable Robots Market: Challenges

Time consumption and high complexity is a huge challenge for market leaders.

Developing robots is a time-consuming task. Additionally, the growing complexity requires advanced tools and technology which is likely to be a challenging factor for market growth.

Global Programmable Robots Market: Segmentation

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

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

By application, the market can be segmented into entertainment, research, education, and others.

Recent Developments

  • Lego, in Jan 2020, launched its new Spike Prime robotics kit. It was created to introduce middle school-aged students to robotics, engineering, and coding.
  • 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.

Programmable Robots Market: Regional Landscape

North America accounts for the largest share in the global programmable robots market due to the growing demographic dynamics in the education sector. Also, the initiatives of educational authorities to integrate interactive learning courses in the educational curriculum are likely to further complement the growth of the regional market.

Asia Pacific is another leading region in the global programmable robots market due to the growing industrial and education sector in the region.

Programmable Robots Market: Competitive Landscape

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

The global programmable robots market is segmented as follows:

Global Programmable Robots Market 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

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The surging popularity of practical learning will hit the market growth exponentially. Additionally, the evolution of programmable robots has transformed the nature of education for children of all age groups ranging from kindergarten school to graduate universities.

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 growing CAGR of 15.9 0%.

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

 

North America accounts for the largest share in the global programmable robots market due to the growing demographic dynamics in the education sector. Also, the initiatives of educational authorities to integrate interactive learning courses in the educational curriculum are likely to further complement the growth of the regional market.

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