Programmable Robots Market Forecast 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

Coverage: Programmable Robots Market covers analysis By Component (Hardware, Software) and Application (Entertainment, Research & Education, Others), and Geography

  • Report Code : TIPRE00003283
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Programmable Robots Market Growth Report and Size by 2031

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The programmable robots market size is projected to reach US$ 11.71 billion by 2031 from US$ 3.70 billion in 2023. The market is expected to register a CAGR of 15.50% in 2023–2031. The integration of progressive web apps (PWAs) is likely to remain a key Programmable Robots market trend.

Programmable Robots Market Analysis

The programmable robots market has witnessed significant growth in recent years, driven by technological advancements, rising awareness regarding the benefits of automation, and the increasing demand for robots for educational purposes. The use of robotics solutions in applications such as manufacturing, healthcare, agriculture, and space exploration contributes to increased productivity in its business as programmable robots perform repetitive tasks for them. In addition, these robots can work 24/7 without any breaks, and fewer errors are expected to occur compared to manual workers, leading to its adoption by various industries, which further fosters the programmable robots market growth. The quality of work assured by the adoption of these robots in less time is one of the major factors driving programmable robots market growth. Moreover, the robots are developed with materials and metal bodies that can sustain any hazardous environment. These robots can withstand any chemically exposed ecosystem and unstable or dangerous environments, which helps to avoid less risk to human life and provide enhanced safety in the workplace. These robots can work in extremely high and low environments and can work efficiently compared to human workers. Thus, such benefits of automation over manual workflow fuel the adoption of robotics solutions, which further contributes to the programmable robots market growth. 

Programmable Robots Market Overview

Programmable robots are robots that are programmed by humans and can be used to perform specific tasks or movements. These robots are developed with advanced sensors, controllers, actuators, and advanced programming languages such as C/C++, Java, Python, and robot operating system (ROS), which helps them to better interact with their environment and execute programmed instructions. Programming allows these robots to perform specific tasks and behaviors, such as perception, movement, and decision-making, depending on the input received from sensors and other components. They are widely used in industries varying from education & research to manufacturing.

Strategic Insights

Programmable Robots Market Drivers and Opportunities

Increased demand for programmable robots for the industrial sector to Favor Market

With the advent of Industry, the rising need for technology to increase flexibility in manufacturing, automation, mass customization, increased speed, better quality, and improved productivity in the industrial sector drives the demand for robotic solutions, which propel the programmable robots market growth. According to the International Federation of Robotics (IFR), the total installation of industrial robots across Europe increased by 15% in 2021 compared to 2020 due to the wide adoption of robots in automobiles, food & beverage, chemicals, mechanical engineering, and electronics sectors for increased productivity.

Increasing adoption in the education sector– An Opportunity in the Programmable Robots Market

The use of programmable robots in the education sector facilitates the improvement of competencies in core areas such as science, technology, engineering, and mathematics (STEM). Many vendors are undertaking intensive research and development activities to better understand the need for robotics in education. The continuous innovation and better functionality of robots are driving market growth.

Programmable Robots Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Programmable Robots market analysis are component and application.

  • Based on component, the market is divided into hardware and software. The hardware segment held a significant market share in 2023.
  • Based on application, the market is bifurcated into entertainment, research & education, and others. The research & education segment held a significant market share in 2023.

Programmable Robots Market Share Analysis by Geography

The geographic scope of the Programmable Robots market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

Europe is expected to witness significant growth in the Programmable Robots market in the forecasted period. The European programmable robots market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The region is engaged in installing robots to maximize its industrial output amid revolutionizing Industry 4.0. The programmable robots help the manufacturer to perform various tasks such as picking, sorting, material handling, and others in their facilities, leading to its adoption. According to the International Federation of Robotics (IFR), in Europe, the total number of robots installed in 2022 increased by 6% compared to 2021 as several industries are capitalizing on robotics to bring automation into their facilities and augment their workflow efficiency. In addition, Germany is a greatly automated economy in the European Union. The country had nearly 26,000 industrial robots installed in 2022, a rise of 3% compared to 2021, and accounts for 37% of overall Europe's robot market. In Italy, the total robot installation rose by 10%, France by 15%, and Spain by 12% in 2022 compared to 2021. 

Programmable Robots Market Report Scope 

Programmable Robots Market News and Recent Developments

The programmable robots market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

  • In March 2023, Dobot, a leading provider of industrial cobots, launched DOBOT Magician E6, a desktop 6-axis collaborative robot developed for education and research. (Source: Dobot, Press Release)
  • In June 2021, RobotLAB Inc., the leading robotics integrator, and SoftBank Robotics America (SBRA) announced the humanoid robots Pepper and NAO are now exclusively available through RobotLAB in North America. The partnership also expands Pepper’s previous industry and STREAM education focus areas to a broader range of applications and marks RobotLAB’s debut as one of SBRA’s Whiz Partners. This latest iteration of the two companies’ collaboration builds upon their long-standing partnership in bringing SBRA’s B2B robotics solutions to market and moving innovative automation forward. RobotLAB has already deployed and supported thousands of robots in the field, including Pepper and NAO. (Source: RobotLAB Inc, Press Release)

Programmable Robots Market Report Coverage and Deliverables

The “Programmable Robots Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

  • Programmable Robots Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Programmable Robots Market trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Programmable Robots market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
  • Programmable Robots Industry, landscape, and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
REGIONAL FRAMEWORK

Programmable Robots Market Report Analysis

Programmable Robots Market

  • CAGR (2023 - 2031)
    15.50%
  • Market Size 2023
    US$ 3.70 billion
  • Market Size 2031
    US$ 11.71 billion

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • ABILIX
  • HONDA MOTOR CO., LTD.
  • ROBOBUILDER CO., LTD.
  • SILVERLIT TOYS MANUFACTORY LTD.
  • SOFTBANK ROBOTICS
  • SPHERO
  • THE LEGO GROUP
  • UBTECH ROBOTICS
  • VEX ROBOTICS (INNOVATION FIRST INTERNATIONAL, INC.)
  • WOWWEE GROUP LIMITED

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Component
  • Hardware
  • Software
By Application
  • Entertainment
  • Research & Education
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Programmable Robots Market Report Scope

Report Attribute Details
Market size in 2023 US$ 3.70 billion
Market Size by 2031 US$ 11.71 billion
Global CAGR (2023 - 2031) 15.50%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Hardware
  • Software
By Application
  • Entertainment
  • Research & Education
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ABILIX
  • HONDA MOTOR CO., LTD.
  • ROBOBUILDER CO., LTD.
  • SILVERLIT TOYS MANUFACTORY LTD.
  • SOFTBANK ROBOTICS
  • SPHERO
  • THE LEGO GROUP
  • UBTECH ROBOTICS
  • VEX ROBOTICS (INNOVATION FIRST INTERNATIONAL, INC.)
  • WOWWEE GROUP LIMITED
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Component, and Application

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

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