The global programmable robots market is highly competitive and fragmented with a number of global and local players offering robots in various regions. Since the past few years, the programmable robots market has been growing at a significant rate due to the increase in the demand for these robots in the education sector.
Currently, the programmable robots market is dominated by 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. These companies have adopted various strategies like mergers & acquisitions, partnerships, agreements, collaborations, new product launches, and joint ventures to expand their global presence and increase their market shares.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=146219333
The market for programmable robots is expected to reach USD 2,381.5 Million by 2020, at a CAGR of 14.94%.
The key robots providers from North America dominate the global programmable robots market, followed by Asia-Pacific and Europe. Five out of the Top 10 major vendors have originated from North America, while three vendors have originated from Asia-Pacific and two from Europe. These companies have been expanding their offerings worldwide, especially focusing on the key markets of Asia-Pacific and RoW through collaborations, partnerships, acquisitions, and contracts.
Programmable Robots Market worth 2,381.5 Million USD by 2020
According to a new market research report “Programmable Robots Market by Component (Hardware and Software), Application (Education & Research and Hobbyist and Entertainment), and Geography (North America, Europe, Asia-Pacific and RoW) - Global Forecast to 2020” ,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.
Browse 69 tables and 65 figures spread through 159 Pages and in-depth TOC on "Programmable Robots Market - Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/programmable-robots-market-146219333.html
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The global programmable robots market was valued at USD 1,050.8 Million in 2014 and is expected to grow at an estimated CAGR of 14.94% between 2015 and 2020. The education & research and hobbyist sector constituted the largest application for the programmable robots market in 2014 and is expected to continue to grow at a significant rate because of the increasing adoption of robots in several educational institutions by including them in academic curriculums.
The programmable robots market players have been focusing on the innovations in terms of technological advancements to cater to the specific needs of several consumers and to increase the safety, durability, and robustness of these robots. Robotic toys have been experiencing a slowdown in the recent years. However, robotic pets are expected to offset the robotic toys market during the forecast period. The market for these applications is expected to grow at a significant rate during the forecast period because of the increasing adoption of the robots accompanied by the decreasing price of robots due to the decline in the prices of several robotics components such as sensors, actuators, and others.
North America was the largest market for programmable robots in 2014 with a share of 51.48%. However, developing economies including Asia-Pacific and RoW are expected to be the fastest-growing markets for programmable robots during the forecast period. The growth of the market in North America would be largely driven by the U.S., which accounted for 76.45% of the total North American programmable robots market in 2014. The Asia-Pacific market is expected to be driven by its key markets such as Japan, China, South Korea, and India. The market would also be fuelled by the increase in focus of the major global robotics vendors to expand their product and service offerings in the Asia-Pacific and RoW regions as these regions are expected to witness a significant growth in terms of the adoption of robotics over the next decade.
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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MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Currently, the programmable robots market is dominated by 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. These companies have adopted various strategies like mergers & acquisitions, partnerships, agreements, collaborations, new product launches, and joint ventures to expand their global presence and increase their market shares.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=146219333
The market for programmable robots is expected to reach USD 2,381.5 Million by 2020, at a CAGR of 14.94%.
The key robots providers from North America dominate the global programmable robots market, followed by Asia-Pacific and Europe. Five out of the Top 10 major vendors have originated from North America, while three vendors have originated from Asia-Pacific and two from Europe. These companies have been expanding their offerings worldwide, especially focusing on the key markets of Asia-Pacific and RoW through collaborations, partnerships, acquisitions, and contracts.
Programmable Robots Market worth 2,381.5 Million USD by 2020
According to a new market research report “Programmable Robots Market by Component (Hardware and Software), Application (Education & Research and Hobbyist and Entertainment), and Geography (North America, Europe, Asia-Pacific and RoW) - Global Forecast to 2020” ,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.
Browse 69 tables and 65 figures spread through 159 Pages and in-depth TOC on "Programmable Robots Market - Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/programmable-robots-market-146219333.html
Early buyers will receive 10% customization on reports.
Request Sample Request Sample
The global programmable robots market was valued at USD 1,050.8 Million in 2014 and is expected to grow at an estimated CAGR of 14.94% between 2015 and 2020. The education & research and hobbyist sector constituted the largest application for the programmable robots market in 2014 and is expected to continue to grow at a significant rate because of the increasing adoption of robots in several educational institutions by including them in academic curriculums.
The programmable robots market players have been focusing on the innovations in terms of technological advancements to cater to the specific needs of several consumers and to increase the safety, durability, and robustness of these robots. Robotic toys have been experiencing a slowdown in the recent years. However, robotic pets are expected to offset the robotic toys market during the forecast period. The market for these applications is expected to grow at a significant rate during the forecast period because of the increasing adoption of the robots accompanied by the decreasing price of robots due to the decline in the prices of several robotics components such as sensors, actuators, and others.
North America was the largest market for programmable robots in 2014 with a share of 51.48%. However, developing economies including Asia-Pacific and RoW are expected to be the fastest-growing markets for programmable robots during the forecast period. The growth of the market in North America would be largely driven by the U.S., which accounted for 76.45% of the total North American programmable robots market in 2014. The Asia-Pacific market is expected to be driven by its key markets such as Japan, China, South Korea, and India. The market would also be fuelled by the increase in focus of the major global robotics vendors to expand their product and service offerings in the Asia-Pacific and RoW regions as these regions are expected to witness a significant growth in terms of the adoption of robotics over the next decade.
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.
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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