Programmable Robots Market - Global Industry Analysis

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

Published Date: 02-Mar-2022 Category: Technology & Media Report Format : PDF Pages: 177 Report Code: ZMR-1761 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.

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Description

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.

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.

Global programmable robots market

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:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

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

Chapter 1. Preface
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global Programmable Robots Market, 2014 - 2022, (USD Billion)
- 2.2. Programmable Robots Market: Market snapshot
Chapter 3. Programmable Robots Market – Industry Analysis
- 3.1. Programmable Robots Market: Market dynamics
- 3.2. Market Drivers
  - 3.2.1. Increasing Adoption of Robots in the Education and Research Sector Stimulates the Growth of Educational Robots
  - 3.2.2. Potential open-source platforms would fuel innovation
- 3.3. Restraints
  - 3.3.1. High initial cost of robotics kits
- 3.4. Opportunity
  - 3.4.1. Tremendous research activities in programmable robots.
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis by Type segment
  - 3.6.2. Market attractiveness analysis by Application segment
  - 3.6.3. Market attractiveness analysis by Region segment
Chapter 4. Global Programmable Robots Market - Competitive Landscape
- 4.1. Company market share analysis, 2016 (Subject to data availability)
- 4.2. Price trend analysis
Chapter 5. Programmable Robots Market – Application Segment Analysis
- 5.1. Programmable robots market revenue share, by application, 2014 & 2022
- 5.2. Programmable robots market for entertainment, 2014 – 2022 (USD Billion)
- 5.3. Global Programmable robots market for education sectors, 2014 – 2022 (USD Billion)
- 5.4. Global Programmable robots market for household, 2014 – 2022 (USD Billion)
- 5.5. Global Programmable robots market for research, 2014 – 2022 (USD Billion)
- 5.6. Global Programmable robots market for machinery, 2014 – 2022 (USD Billion)
Chapter 6. Global Programmable Robots Market - Type Segment Analysis
- 6.1. Global Programmable robots market revenue share, by hardware, 2014 – 2022
- 6.2. Hardware
- 6.2.1. Global hardware programmable robots market, 2014 – 2022 (USD Billion)
- 6.3. Software
- 6.4. Global Software Programmable robots market for software, 2014 – 2022 (USD Billion)
Chapter 7. Programmable Robots Market - Regional Segment Analysis
- 7.1. Global Programmable robots market: Regional overview
- 7.2. Global Programmable robots market revenue share, by region, 2014 – 2022
- 7.3. North America
  - 7.3.1. North America Programmable robots market revenue, by application, 2014 – 2022 (USD Billion)
  - 7.3.2. North America Programmable robots market revenue, by type, 2014 – 2022 (USD Billion)
- 7.4. Europe
  - 7.4.1. Europe Programmable robots market revenue, by application, 2014 – 2022 (USD Billion)
  - 7.4.2. Europe Programmable robots revenue, by type, 2014 – 2022 (USD Billion)
- 7.5. Asia Pacific
  - 7.5.1. Asia-Pacific Programmable robots market revenue, by application, 2014 – 2022 (USD Billion)
  - 7.5.2. Asia-Pacific Programmable robots market revenue, by type, 2014 – 2022 (USD Billion)
- 7.6. Latin America
  - 7.6.1. Latin America Programmable robots market revenue, by application, 2014 – 2022 (USD Billion)
  - 7.6.2. Latin America Programmable robots market revenue, by type, 2014 – 2022 (USD Billion)
- 7.7. Middle East & Africa
  - 7.7.1. Middle East & Africa Programmable robots market revenue, by application, 2014 – 2022 (USD Billion)
  - 7.7.2. Middle East & Africa Programmable robots market revenue, by implementation model, 2014 – 2022 (USD Billion)
Chapter 8. Company Profiles
- 8.1. Orbotix Inc
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Type portfolio
  - 8.1.4. Business strategy
  - 8.1.5. Recent developments
- 8.2. RobotShop Inc
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Type portfolio
  - 8.2.4. Business strategy
  - 8.2.5. Recent developments
- 8.3. Yujin Robot Co. Ltd
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Type portfolio
  - 8.3.4. Business strategy
  - 8.3.5. Recent developments
- 8.4. WowWee Group Limited
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Type portfolio
  - 8.4.4. Business strategy
  - 8.4.5. Recent developments
- 8.5. RoboBuilder Co.Ltd
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Type portfolio
  - 8.5.4. Business strategy
  - 8.5.5. Recent developments
- 8.6. Honda Motors Co. Ltd
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Type portfolio
  - 8.6.4. Business strategy
  - 8.6.5. Recent developments

Table Of Figures

List of Figures

1. Global Programmable robots market segmentation by application
2. Global Programmable robots market, 2015 – 2023 (USD Billion)
3. Porter’s five forces analysis: Programmable robots market
4. Global Programmable robots market attractiveness, by application, 2014
5. Global Programmable robots market attractiveness, by type, 2014
6. Global Programmable robots market attractiveness, by region, 2014
7. Global Programmable robots market revenue share, by application, 2014 & 2022
8. Programmable robots market by Entertainment, 2014 – 2022 (USD Billion)
9. Programmable robots market by Education sectors, 2014 – 2022 (USD Billion)
10. Programmable robots market by Household, 2014 – 2022 (USD Billion)
11. Programmable robots market by Research, 2014 – 2022 (USD Billion)
12. Programmable robots market by Machinery, 2014 – 2022 (USD Billion)
13. Programmable robots market revenue share, by type, 2014 & 2022
14. Programmable robots market for hardware, 2014 – 2022 (USD Billion)
15. Programmable robots market for software, 2014 – 2022 (USD Billion)
16. Global Programmable robots market revenue share, by region, 2015 - 2023
17. North America Programmable robots market, 2014 - 2022, (USD Billion)
18. Europe Programmable robots market, 2014 - 2022, (USD Billion)
19. Asia Pacific Programmable robots market, 2014 - 2022 (USD Billion)
20. Latin America Programmable robots market, 2014 - 2022 (USD Billion)
21. Middle East & Africa Programmable robots market, 2014 - 2022 (USD Billion)

Table Of Tables

List of Tables

1. Programmable robots market snapshot
2. Drivers for Programmable robots market: Impact analysis
3. Restraints of Programmable robots market: Impact analysis
4. North America Programmable robots market revenue, by application, 2014– 2022 (USD Billion)
5. North America Programmable robots market revenue, by type, 2014– 2022 (USD Billion)
6. Europe Programmable robots market revenue, by application, 2014– 2022 (USD Billion)
7. Europe Programmable robots market revenue, by type, 2014– 2022 (USD Billion)
8. Asia-Pacific Programmable robots market revenue, by application, 2014– 2022 (USD Billion)
9. Asia-Pacific Programmable robots market revenue, by type, 2014– 2022 (USD Billion)
10. Latin America Programmable robots market revenue, by application, 2014 – 2022 (USD Billion)
11. Latin America Programmable robots market revenue, by type, 2014– 2022 (USD Billion)
12. Middle East & Africa Programmable robots market revenue, by application, 2014– 2022 (USD Billion)
13. Middle East & Africa Programmable robots market revenue, by type, 2014– 2022

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Programmable Robots market. Zion Research has collected and analyzed key data belong to the global Programmable Robots market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Programmable Robots across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Programmable Robots industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Programmable Robots market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split by segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

Free Analysis

A robot which is also called a droid is a machine especially one programmable by a computer. A robot is capable of carrying out a complex series of actions automatically. Robots can be guided by an external control device or the control may be embedded within. Robots may be constructed to take on human form but most robots are machines designed to perform a task with no regard to how they look. A robot which can be programmed for a given task then reprogrammed for others known as programmable robots. Each programmed set of steps may involve any number of complex and repetitive tasks which is also called as a reprogrammable robot.

Programmable robots are used in programming like Java, C, C++ and many others.

/Programmable-Robot-Market

Adoption of robots in research, military, and manufacturing industries along with use in educational sector drives the growth of programmable robots market. The however high initial cost for the design and development of the robot is the major restraints for the programmable robots market. Moreover, inadequate awareness in the developing countries is also expected to hamper the growth of the market. Nevertheless, constantly ongoing research and development for technological advancement and features are likely to open new opportunities for the programmable robots market in near future.

The global programmable robots market is segmented into application, type, and regions. The application segment covered under this study includes entertainment, education sectors, household, research, and machinery. The type segment for programmable robot market includes hardware and software. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

The leading companies in the global programmable robots market are Honda Motor Co., Ltd., The LEGO Group, Aldebaran Robotics Sas, Innovation First International, Inc., Wowwee Group Limited, Orbotix, Inc., Evollve, Inc., Bossa NOVA Robotics, Inc., Robobuilder Co., Ltd., Robotshop, Inc., Romotive, Inc. and Yujin Robot Co., Ltd..