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Mechatronics and Robotics Courses Market Overview
Mechatronics and Robotics Courses Market is projected to grow from USD 5.66 Billion in 2024 to USD 13.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.68% during the forecast period (2024 - 2032). Additionally, the market size for Mechatronics and Robotics Courses was valued at USD 5.0 billion in 2023.Increased demand for mechatronics and the manufacturing industry is the key market driver enhancing market growth.
Figure 1: Mechatronics and Robotics Courses Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Mechatronics and Robotics Courses Market Trends
Growing demand for mechatronics is driving the market growth
Market CAGR for mechatronics and robotics courses is driven by the increasing need for mechatronics in the production sector. It is an interdisciplinary field of control, electrical, and mechanical engineering, and embedded systems. Mechatronics works with applications of modern systems and control methods to practical situations. Some of the mechatronics systems include aircraft autopilot, cruise control, and anti-lock braking systems (ABS).
Additionally, making equipment is a complex task, but robotics assistance can make it easy and efficient. Automation in industries is leading the way to grow and stand in this market. The efficient use of these technologies is reaching its peak during the forecast period. The increasing need for automation in industries is helping the markets to emerge hence being another important driver of the mechatronics and robotics courses market. The mechanism, functions, and operations of robotics have been enhanced through this technology. Human error, low productivity, and inefficiency issues are resolved through the adoption of these courses. In the coming years, the use of robotics in injuries will improve Mechatronics and Robotics Courses Market Profit.
The cost of deploying mechatronics and robotics is a growth-holding factor in this market. The COVID-19 outbreak is leading to less funds in the market. Only a few small and medium enterprises have a greater need for Mechatronics and robotics. But huge costing can impede growth.
For instance, an increase in the application of mechatronics and robotics in OEMs (Original Equipment Manufacturers) is one of the prime factors driving demand for mechatronics and robotics courses. Many cost-effective and highly capable robotic platforms have achieved a grip over this market by providing students with the concepts of science, math, and engineering applicable to all grade levels. This consequently has raised the number of workshops conducted to see-through these concepts, along with the practical learning of mechatronics and robotics. Thus, driving the Mechatronics and Robotics Courses market revenue.
Mechatronics and Robotics Courses Market Segment Insights
Mechatronics and Robotics Courses Mode Insights
The Mechatronics and Robotics Courses market segmentation, based on platform, includes online and offline. The online segment dominated the market, accounting for the maximum market revenue. This is because the institutions are offering online degrees for mechatronics and robotics courses and making learning easier and more convenient for students. Additionally, the growing popularity and equal recognition of online degrees are providing high job prospects, which are anticipated to drive the growth of the segment.
Figure 1: Mechatronics and Robotics Courses Market, by Platform, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Mechatronics and Robotics Courses Application Insights
The Mechatronics and Robotics Courses market segmentation, based on application, includes manufacturing, automotive, drones, space, and others. The manufacturing category generated the most income. Since robots are extensively used in industrial automation for tasks such as assembly, material handling, painting, welding, and quality control, they assist in improving efficiency, precision, and productivity in manufacturing processes. Furthermore, the automotive industry is always involved in boosting the market; robotics in this market contributes to production speed, improved quality, and enhanced worker safety.
Additionally, drones and space are capturing the market too, since drones incorporate mechatronic systems for flight control, navigation, and payload management, and for space, mechatronics and robotics play an important role in exploration and satellite technology for tasks such as satellite deployment, space station assembly, extravehicular activities, sample collection, and exploration of planetary surfaces.
Mechatronics and Robotics Courses Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Mechatronics and Robotics Courses market area will dominate this market. North America is the initial user of this technology. The availability of Mechatronics and Robotics Courses Market Players is advantageous to the market growth. Other than this, many technological developments are expected in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MECHATRONICS AND ROBOTICS COURSES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s Mechatronics and Robotics Courses market accounts for the second-largest market share due to the increasing demand for solutions in the automotive sector. Further, the German Mechatronics and Robotics Courses market held the largest market share, and the UK Mechatronics and Robotics Courses market was the fastest-growing market in the European region.
The Asia-Pacific Mechatronics and Robotics Courses Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the surging demand for mechatronics and robotics courses in the education sector. Moreover, China’s Mechatronics and Robotics Courses market held the largest market share, and the Indian Mechatronics and Robotics Courses market was the fastest-growing market in the Asia-Pacific region.
Mechatronics and Robotics Courses Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Mechatronics and Robotics Courses market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Mechatronics and Robotics Courses industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Mechatronics and Robotics Courses industry to benefit clients and increase the market sector. In recent years, the Mechatronics and Robotics Courses industry has offered some of the most significant advantages to medicine. Major players in the Mechatronics and Robotics Courses market, including Ametek Industries, Novatech Robo Pvt Ltd, Hennepin Technical College, KUKA Robotics, British Columbia Institute of Technology, and Bosch Rexroth, are attempting to increase market demand by investing in research and development operations.
Novatech Robo is one of the major robotic companies established in the year 2010 with the motto of training the student community with advanced technology and the latest innovations and among the students of developing and underdeveloped countries on par with developed countries understanding the basic steps of Robot Building which comes from hands-on practice. The aim of the Novatech is to assist every child to upgrade ahead with their dreams and understand the basic concepts of manufacturing that one can excel with practice. The company and STEaM education program make this easier for all school students to become budding Roboteers, Makers, Inventors, and even Entrepreneurs. The Novabot Kit is intelligent startup content for a full STEaM education program Leading to Drone Technology, 3D printing, IoT, Electronics, and Artificial Intelligence.
KUKA Robotics is a maker of robotic systems headquartered in Augsburg, Germany, offering a wide range of industrial robots and robot systems. And also offers a vast range of products, including industrial robots; automated manufacturing systems, including system components, tools, and automated manufacturing cells; assembly lines and engine transmission assembly systems for cars; and engineering services to its customers. The company’s wide services are consumed all over the industries, including retail, automotive, energy, metal, electronics, consumer goods, food, and healthcare, among others. It has operations in Europe, the Americas, APAC, and among others.
Key Companies in the Mechatronics and Robotics Courses market include
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Ametek Industries
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Hennepin Technical College
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Novatech Robo Pvt Ltd
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British Columbia Institute of Technology
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Bosch Rexroth
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KUKA Robotics
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ABB
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Technisys
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Hennepin Technical College
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ARM Holdings
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Mechatronics Labs S.r.l.
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Swinburne University of Technology
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Yaskawa Academy
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Kocaeli Özel ENKA Teknik Okulları
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RoboTkar
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Siemens
Mechatronics and Robotics Courses Industry Developments
May 2022: The Indian Institute of Technology Gandhinagar, together with L and T Technology Services Limited, an engineering services company, is likely to collaborate to incubate and develop solutions in Artificial Intelligence (AI) and mechatronics sector. The delegations from LTTS and IITGN discussed plans to set up labs, carry out joint projects, include students through internships and other mechanisms, and conduct workshops and seminars in smart manufacturing, robotics, bio-mechatronics, and ‘intelligent’ products and systems.
May 2022: Governor Kathy Hochul made an announcement about the grand opening of the Finger Lakes Workforce Development Center on Monroe Community College's Downtown Campus. The $11.4 million, 50,000-square-foot, state-of-the-art Finger Lakes Workforce Development Center focuses on short-term and accelerated, technology-oriented training programs that place individuals in high-demand jobs within advanced manufacturing, information technology, skilled trades, apprenticeship-related instruction, and professional services.
December 2020: Gamma Skills Automation Training Has Launched a Unique Robotics and Automation Career Launch Program for Engineers. This program is optimized for the best output and involves 40 days of intense hands-on practice in a lab equipped with the world's leading Industrial Robots, Collaborative robots, PLC, and & other Automation systems.
Mechatronics and Robotics Courses Market Segmentation
Mechatronics and Robotics Courses Platform Outlook
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Online
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Offline
Mechatronics and Robotics Courses Application Outlook
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Manufacturing
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Automotive
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Drone
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Space
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Others
Mechatronics and Robotics Courses Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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