The global Programmable Robots Market is expected to reach a valuation of USD 4 billion by the end of the forecast period of 2017-2023, according to the latest research report from Market Research Future (MRFR). It is also projected that the market could procure a growth rate of 15% from 2018 to 2023, which is the assessment period. Market study presents a profound insight into the industry parameters by accessing the market growth, consumption volume, the upcoming market trends, and the different prices variation for the forecast year. The MRFR report offers an impact analysis on covid-19, which reveals that in the space of a few months, the dynamics of the semiconductor industry has changed.
The Programmable Robots market can demonstrate remarkable growth in the subsequent years due to the rising adoption of robots across educational institutions, especially in their academic curriculum. Robotic pets are becoming extremely popular and are liable to offset the growth of the programmable robots market in the approaching years. The declining cost of robots will be another growth booster in the market, in line with the increasing affordability of robotic components such as actuators and sensors, among others.
Top Key Contenders:
Significant contenders in the programmable robots industry are Bossa Nova Robotics (US), Wowwee Group Ltd (Hong Kong), SuperDroid Robots Inc. (US), Fischertechnik GmbH (Germany), Sphero (US), iRobot Corporation (US), Honda Motor Co., Ltd (Japan), Evolution Robotics (US), The LEGO Group (Denmark), RobotShop Inc. (Canada), and more.
Some other companies that also holds considerable share in the market include VEX Robotics (US), Robobuilder Co., Ltd. (South Korea), Rouge Robotics (Canada), Toyota Motor Corporation (Japan), Yujin Robot Co., Ltd. (South Korea), SoftBank Robotics (Japan), Ozobot & Evollve, Inc. (US), to mention a few.
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Market Segmentation:
Programmable robots market has been segmented on the basis of component and applications.
By component: The market, with respect to component, caters to hardware as well as software. The types of hardware specified in the report are programmable platforms, actuators, sensors, PC interface, power source, and others. The demand for sensors is growing stronger due to the rising adoption in the automotive sector, the rising use of green energy technologies and the heightened deployment of tablets as well as mobile phones.
By application: The main applications of programmable robots are education as well as entertainment. Education-based segments are schools & universities along with research institutes, while the segments based on entertainment include gaming and media.
Regional Outlook:
The geographical segregation of the programmable robots market has been conducted for Europe, APAC or Asia Pacific, North America, and RoW or the rest of the world. The APAC market can accelerate at an impressive rate in the next several years, on account of the increasing awareness levels about robotics, especially in the education sector to enrich the learning process. The existence of well-developed countries like the United States (US), and Canada that spend massive amounts on research and development of the robotics technology induces business expansion in the region.
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The Global Programmable Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversIncreasing trends of robots in the education and research sectorPotential open-source platformsRestraintsHigh initial costThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on component and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Programmable Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/19965-programmable-robots-market-reportThe report also covers the complete competitive landscape of the global Programmable Robots market with company profiles of key players such as:Aldebaran Robotics SASBossa Nova Robotics, Inc.Honda Motor Co., Ltd.Innovation First International, Inc.Lego GroupOrbotix, Inc.RoboBuilder Co., Ltd.RobotShop, Inc.Romotive, Inc.WowWee Group LimitedYujin Robot Co., Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Component:HardwareSoftwareBy Applications:Education & ResearchEntertainmentOthers (Cleaning Homes, Business Assistants etc.
)By Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Programmable Robots Market @ https://www.decisiondatabases.com/contact/download-sample-19965The Global Programmable Robots Market has been exhibited in detail in the following chapters -Chapter 1 Programmable Robots Market PrefaceChapter 2 Executive SummaryChapter 3 Programmable Robots Industry AnalysisChapter 4 Programmable Robots Market Value Chain AnalysisChapter 5 Programmable Robots Market Analysis By ComponentChapter 6 Programmable Robots Market Analysis By ApplicationsChapter 7 Programmable Robots Market Analysis By GeographyChapter 8 Competitive Landscape Of Programmable Robots CompaniesChapter 9 Company Profiles Of Programmable Robots IndustryPurchase the complete Global Programmable Robots Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19965Other Reports by DecisionDatabases.com:Global Collaborative Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Entertainment Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Healthcare Robots Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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According to Market Research Future (MRFR), the global Programmable Robots Market is expected to reach USD 4 billion at a CAGR of 15% from 2017 to 2023 (forecast period).
The report discusses and examines the effects of the outbreak of COVID-19 on the global programmable robots market, including possible opportunities and threats, drivers, and risks.Robotics has the potential to increase efficiency, transform work practices, and enhance service offerings.
Robots affect every vertical industry.
In addition, the availability of an open-source platform providing customization features to program the robots and the availability of low-cost robotic kits are boosting the growth of the market for programmable robots.Programmable robots in education help students are highly involved in the four subject areas: science, technology, engineering, and mathematics (STEM).
It helps students learn through project-based learning, hands-on learning, collaborative learning, authentic learning, and constructive learning methods that enhance the learning process.
Programmable robots are also used for entertainment purposes for gaming and media.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6840 Key PlayersNotable players in the market of programmable robots are iRobot Corporation (US), Honda Motor Co., Ltd (Japan), The LEGO Group (Denmark), RobotShop Inc. (Canada), Bossa Nova Robotics (US), Wowwee Group Ltd (Hong Kong), Fischertechnik GmbH (Germany), Evolution Robotics (US), SuperDroid Robots Inc. (US), and Sphero (US).Other participants include Toyota Motor Corporation (Japan), Robobuilder Co., Ltd. (South Korea), Yujin Robot Co., Ltd. (South Korea), Ozobot & Evollve, Inc. (US), SoftBank Robotics (Japan), Rouge Robotics (Canada), and VEX Robotics (US) among others.Market SegmentationThe global programmable robots market has been segmented based on components and applications.By component, the global programmable robots market has been segmented into hardware and software.
