Programmable Robots Market – Highlights
Programmable robots are autonomous robots which can be controlled by programming a set of instructions. Programmable robot kits are readily available in the market, which eliminates the task of the time-consuming process of drilling, soldering, programming, and others, involved in the making of robots. The kits consist of all mechanical and electrical components. C/C++, Python, Java, C#/.NET, and Matlab are the generally used languages for programming robots. Market Research Future (MRFR) has recently published its in-depth report on the global programmable robots market covering the various macro and micro-economic trends and factors that can impact the market growth over the forecast period of 2017-2023.
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The adoption of programmable robots in the education industry is a key factor in boosting the growth of the market. Working on robots encourages students and researchers to develop projects that will have real-life applications. Application of programmable robots in the education sector helps in improving competencies in core areas such as science, technology, engineering, and mathematics (STEM). Programmable robots facilitate project-based learning, collaborative learning, hands-on learning experience, and constructive learning approaches.
Humanoid robots are extensively used for domestic purposes such as for assistive tasks for elderly individuals. The use of programmable robots has also increased considerably in the entertainment and gaming industry. Robo cats or dogs, equipped sensors play, compete, and communicate with people and encourage human and robotic interaction. Furthermore, programmable robots are used in museums or theme parks where they serve as tourist guides and increase the entertainment quotient.
The programmable robots market has been segmented based on component and application.
By component, the programmable robots market has been segmented into hardware and software. The hardware segment has been further segmented into sensors, actuators, power source, PC interface, programmable platforms, and others.
By application, the programmable robots market has been segmented into education and entertainment. The education segment has been further segmented into schools & universities and research institutes. The entertainment segment has been further segmented into media and gaming.
iRobot Corporation (US), Sphero (US), Fischertechnik GmbH (Germany), Bossa Nova Robotics (US),
Honda Motor Co., Ltd (Japan), SuperDroid Robots Inc. (US), The LEGO Group (Denmark), Evolution Robotics (US), Wowwee Group Ltd (Hong Kong), and RobotShop Inc. (Canada) are the notable players in the global programmable robots market.
Other players include VEX Robotics (US), Robobuilder Co., Ltd. (South Korea), SoftBank Robotics (Japan),
Rouge Robotics (Canada), Ozobot & Evollve, Inc. (US), Yujin Robot Co., Ltd. (South Korea), and Toyota Motor Corporation (Japan).
June 2019 – iRobot Corporation, a leading global consumer robot company, announced the acquisition of Root Robotics, a startup founded within Harvard University’s Wyss Institute. iRobot has already added Root Robotics’ eponymous USD 199 Root coding robots to its product lineup which will help the company broaden the significance of its STEM efforts with a commercially available, educational robotic platform already being used by students, educators, and parents.
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Region-wise, the programmable robots market has been segmented into the Asia Pacific (APAC), Rest-of-the-World (RoW), North America, and Europe.
North America is at the forefront of the global programmable robots market. The well-established economies of the region such as the US and Canada have deep pockets which allow them to invest in R&D activities. Considerable progress has been made in the robotic technology space, and the presence of major market players in the region also gives the region leverage over others. Growing adoption of robotic kits in schools, universities, and research centers for educational purpose has also supported the growth of the market.
The APAC programmable robots market is likely to register the highest CAGR over the forecast period. Growing investment and interest in the field of robotics in the emerging economies of the region such as China, South Korea, Japan are supporting the growth of the market. Moreover, electronic components used in robots are manufactured at a subsidized rate in the region, which is auguring the growth of the market.
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