The revolution of service robotics has augmented the need for more robotics engineers and scientists for various sectors such as manufacturing, education, research & development. This has considerably changed the nature of education at all levels, especially from K-12 schools to graduate universities, which have been integrating robotics courses in their curriculums in various fields as mechanical engineering, computer science, electrical engineering, communications, control, and others.

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Programmable robots are majorly used in education and entertainment sectors. The demand for programmable robots has been increasing at a considerable rate with the increasing adoption of robots in the education and research sector which stimulates the growth of educational robots. However, the market faces various challenges due to the high cost of robotic kits and issues related to durability and robustness of programmable robots. However, 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 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.

Programmable Robots Market

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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