Press Release / Technology / Some of the Major Growth Strategies Followed by Key Players in the Programmable Robots Market

Some of the Major Growth Strategies Followed by Key Players in the Programmable Robots Market

The global programmable robots’ market is expected to generate a market value of USD 4 billion by 2023 growing at a CAGR of ~ 15. The global market for programmable robots is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of programmable robot market is studied for North America, Europe, Asia-Pacific and the rest of the world.

Programmable Robots Market - Highlights

Integrating robotics technology as a part of educational curriculum explores theoretical as well as practical education. Robotics is the best tool which help in enhancing and engaging students towards science, technology, engineering and mathematics (STEM) subjects from elementary grade students to university grade students. This help students with project-based learning, collaborative learning, problem solving, and hands-on learning techniques, which triggers their learning process. Nowadays, K-12 coding education is encouraged where primary school students are given opportunity to explore computer programming. Designing, constructing and programming autonomous robots help students in enhancing their thinking capabilities and offers them a practical learning platform to apply their skills and knowledge learned in schools.

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Key players

The prominent players in the market of programmable robots are The LEGO Group (Denmark), Sphero (US), Wowwee Group Ltd (Hong Kong), SuperDroid Robots Inc. (US), iRobot Corporation (US), Bossa Nova Robotics (US), RobotShop Inc. (Canada), fischertechnik GmbH (Germany), Honda Motor Co., Ltd. (Japan) and Evolution Robotics (US).

Other players include VEX Robotics (US), Yujin Robot Co., Ltd. (South Korea), Toyota Motor Corporation (Japan), Rouge Robotics (Canada), SoftBank Robotics (Japan), Robobuilder Co., Ltd. (South Korea), RobotShop, Inc. (Canada), and Ozobot & Evollve, Inc. (US) among others.

Programmable Robots Market - Industry News

May 2018, Misty Robotics, a spinoff of Sphero, a designer and developer of programmable robots, launched a new programmable robot named as Misty II. Misty II has been designed for developers, entrepreneurs, students, and other consumers who are looking up for an easily programmable robot. Misty II has the following capabilities: face recognition, creating 3D map of her surrounding, dynamic respond to the environment, vision, and others

September 2018, Sphero, a designer and developer of programmable robots launched an app enabled robotic ball named Sphero BOLT which is accompanied with a Sphero education app. The BOLT empowers users to study deep in the field of STEM learning. The app provides easy sharing capabilities of educational content and projects for teachers, students and kids.

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Programmable Robots Market - Regional Analysis

North America is expected to emerge as the leading region for programmable robot market during the forecast period on the grounds increasing adoption of robotic kits in schools, universities and educational institutes and majority of key players are from well-established economies such the US and Canada who constantly invests in research and developments of robotic technology.

Furthermore,. Asia-Pacific is expected to grow at a significant rate due to increasing awareness of robotics technology for enhancing teaching and learning process. Also, emerging countries such as China, Japan and South Korea who are a major hub for manufacturing electronic instuments at a cheap prices is another factor driving the growth of market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

LIST OF TABLES

Table1 Global Programmable Robots Market, By Country, 2018–2023

Table2 North America: Programmable Robots Market, By Country, 2018–2023

Table3 Europe: Programmable Robots Market, By Country, 2018–2023

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LIST OF FIGURES

FIGURE 1 Global Programmable Robots Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Programmable Robots Market

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