Opportunities in the Global Programmable Robots Market

The revolution of service robotics has augmented the need for more robotics engineers and scientists for various sectors such as manufacturing, education, research & development. This has considerably changed the nature of education at all levels, especially from K-12 schools to graduate universities, which have been integrating robotics courses in their curriculums in various fields as mechanical engineering, computer science, electrical engineering, communications, control, and others.

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Programmable robots are majorly used in education and entertainment sectors. The demand for programmable robots has been increasing at a considerable rate with the increasing adoption of robots in the education and research sector which stimulates the growth of educational robots.

Browse 69 tables and 65 figures spread through 159 Pages and in-depth TOC on "Programmable Robots Market - Global Forecast to 2020"

However, the market faces various challenges due to the high cost of robotic kits and issues related to durability and robustness of programmable robots. However, The market for programmable robots was valued 1,050 Million in 2014 and is expected reach USD 2,381.5 Million by 2020, at a CAGR of 14.94% from 2015 to 2020.

The report describes market dynamics that include the key drivers, restraints, challenges, and opportunities with respect to the programmable robots market and forecasts the market till 2020. This global report provides a detailed view of the programmable robots market across components, applications, and geographies. 

The report also profiles the prominent players in the programmable robots market, along with their key growth strategies. The competitive landscape of the market analyzes a large number of players with their market share. The market is witnessing numerous collaborations and partnerships across the value chain to cater to various industries in different geographies.

The major companies in the global programmable robots market that have been included in this report are Lego Group (Denmark), Honda Motor Co., Ltd. (Japan), Aldebaran Robotics SAS (France), Innovation First International, Inc. (U.S.), WowWee Group Limited (Hong Kong), RobotShop, Inc. (Canada), Orbotix, Inc. (U.S.), Bossa Nova Robotics, Inc. (U.S.), RoboBuilder Co., Ltd. (South Korea), Romotive, Inc. (U.S.), Yujin Robot Co., Ltd. (South Korea), and others.

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