Extensive Deployment in Automation to Favor Programmable Robots Market

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Programmable Robots Market.

Programmable Robots Market Scope

The programmable robots market 2020 is on track to hold a value of USD 4.2 billion by the year 2032, confirms Market Research Future (MRFR). It is also projected that the market could procure a growth rate of 13.78% from 2024 to 2032, which is the assessment period. We will provide COVID-19 impact analysis with the report.

Top Drivers and Main Deterrents

The programmable robots market can demonstrate tremendous growth in the following years owing to the surging adoption of robots across educational institutions, especially in their academic curriculum. Leading players in the industry are mostly focused on innovation with the intention of catering to certain needs of the consumers. Many of these players are also endeavoring to achieve safety, durability, robustness and effectiveness of robots, in a bid to draw in more number of consumers. 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. Some of the most sought after types of programmable robots in the market are gadgeteer, robotic arms and advanced mobile robots. Between these, advanced mobile robots are expected to revolutionize agricultural farming, while robotic arms find extensive use in automation and industrial robotics for picking up and manipulating objects from a distance. Further, programmable robots are the best choice for disinfecting, measuring vital signs, assisting border controls and delivering food and medications, which can be ideal during the corona virus pandemic. With the rising applications, the potential of robotics can become stronger in the coming years.

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. Considering the long-term impact of covid-19, the semiconductor industry will remain fortified, since the companies have adopted the work-from-home strategy to continue with their operations. With the increasing consumption of content on the digital platforms, the need for storage solutions for laptops, data centers and other gadgets has shot up. Therefore, although short-term impact can cause a slight inconvenience, the future growth prospects look promising for the programmable robots market.

Market Segmentation

Programmable robots market has been considered for component as well as applications.

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.

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.

Over the next couple of years, North America could procure the top position in the global market for programmable robots. 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. The escalating use of robotic kits in universities, research institutes and schools for educational purposes is another growth inducer in the programmable robots market. Incessant technological innovations of artificial intelligence combined with the emergence of deep learning systems also foster the growth of the regional market.

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 regional market is mostly concentrated in the developing countries of Japan, South Korea and China, who are known for being prominent manufacturing hubs for electronic components that affordable. The APAC market could also be driven by the mounting efforts being given by leading robotics firms to boost their product offerings as well as their position.

Significant 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.

Latest Developments

May 2020

Ministry of Health (Rwanda) confirms the use of programmable robots, as part of COVID-19 breakthrough. These robots are expected to be used to perform tasks pertaining to COVID-19 cases, which can help reduce human-to-human contact and prevent the risk of the virus spreading between people. Some of the tasks would include approaching the patients to take their temperature and report back the results.