Programmable robot is an automatic device that performs functions normally ascribed though programs or remote control. These are the programmable robotic kits and can range from a simple remote-controlled to PC-controlled robots and also from simple wheeled robots to complex robots such as humanoids. These robots help in understanding and conceptualizing the theories involved in designing and operating a robot and also help to program the robot using simple virtual programming languages such C, C++, Java, and others, helping consumers to have a structured thinking towards problem solving. The major consumers of these robots are students, hobbyists, and researchers.
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 market for programmable robots is expected to be driven by the increase in adoption of robotic kits in the education & research sector and making availability of open-source platforms. Although North American market accounted for the maximum market share in 2014, the Asia-Pacific and RoW markets are expected to witness highest growth rates during the forecast period due to the increase in adoption of robotics in schools and colleges in these regions. However, the market is restrained by factors including the high cost and improving the durability of robotic kits.
Currently, North America accounts for the largest market share due to the well-established market and increasing adoption rate of programmable robots in schools, colleges, and by hobbyists and researchers. However, the programmable robots market is at the growth stage of the industry in other parts of the world, especially in Asia-Pacific and RoW. Driven by the rising awareness about the benefits of robotics and escalating adoption of robotic kits, Asia-Pacific and RoW regions are expected to witness the highest growth of the market during the forecast period. This report on programmable robots covers the market by component, application, and geography. It also provides a detailed analysis of the current market situation and the market till 2020. The report also analyzes the market dynamics and the value chain of the programmable robots market by considering the key stakeholders from programmable robots vendors to end users.
This report profiles the major players which are active in the programmable robots market. It also comprises the competitive landscape of the main players, including the key growth strategies and market share analysis of the same. Some of the key players profiled in the 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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1-888-600-6441
Email: sales@marketsandmarkets.com
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