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.

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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.

The key players in the programmable robots market aim to increase their product offerings and market size in various regions, especially in developing economies through collaborations, partnerships, new product launches, and by upgrading the existing products. The report covers the market which has been segmented on the basis of component, application, and geography. Furthermore, it comprises the analyses of the market dynamics during the forecast period, Porter’s five forces analysis, and the current competitive scenario, along with the market size analysis of the key players. The report also includes the detailed profiles of the major players in the programmable robots market, along with their growth strategies.

This report describes the drivers, restraints, opportunities, and challenges pertaining to the programmable robot market. Furthermore, it analyzes the current market scenario and forecasts the market till 2020, including market segmentation based on component, application, and geography. North America held a large share (51.48%) of the global programmable robots market in 2014, followed by Europe and Asia-Pacific. Some of the major companies included 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.

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