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.
Scope of the Report:
This research report categorizes the global programmable robots market, based on component, application, and geography; it also covers the market size forecast of the market.
Based on component, the programmable robots market is further segmented into two subsegments—hardware and software.
The market for programmable robots has been further split based on application into two subsegments such as education & research and entertainment.
The programmable robots market has been split into four regions: North America, Europe, Asia-Pacific, and RoW. The market in North America includes the U.S., Canada, and Mexico, while Europe is divided into the U.K., Germany, France, and the rest of Europe. The Asia-Pacific market includes China, Japan, India, and the rest of Asia-Pacific, while RoW has been divided into the Middle East & Africa, and South America.
Target Audience of the Report:
The intended audience for this report includes:
- *Programmable robotic products and solutions providers
- *Robotics related service providers
- *Research organizations and consulting companies
- *Programmable robotics related associations, organizations, forums, and alliances
- *Government and corporate offices
- *Outsourced programmable robotics solutions providers
- *Venture capitalists, private equity firms, and startup companies
- *Distributors and traders
- *Forums, alliances, and associations
- *End users who want to know more about the mobile robotics technology and latest technological developments in the programmable robots market
This report covers the market by component, application, and geography. It also provides a detailed analysis of the current market situation and the market till 2020 by application and subcategories. It also includes the detailed analysis of market dynamics, Porter’s five forces model, value chain, competitive landscape, and market scenario during the forecast period. The report also covers the key competitors in the programmable robots market with their relative market share, revenues, market growth strategies, and mergers & acquisitions.
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Further breakdown of the programmable robots applications market, by region
Detailed analysis and profiling of additional market players (up to five)