What is Programmable Robots?
Programmable Robots are robots that think on their own and manage on own tasks on their own. They are range from customized Wi-Fi robots to programmable tactical robots. Robotics are generally used in manufacturing the fabrication, finishing, transfer, and assembly of parts they have excellent strength. Hence, it has huge demand in various automation industries, especially in the manufacturing industry. Geographically, North America is the leading country for programmable robots which followed by the Asia Pacific and Europe region has have been recognized as a highly growing market with increasing adoption in advanced technology in automation. Therefore, the North American region is considered the dominant market over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | NVIDIA, (United States), Microsoft, (United States), IRobot, American Company (United States), Cruise Automation, (United States), Boston Dynamics, (United States), Amazon, (United States), Universal Robots (Demark), Zebra Technologies (United States), Yaskawa Electric (Japan), Fanuc Corporation (Japan), Rockwell Automation (United States) and KION Group (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Hardware and Software) , by application (Education level or Intuitional level, Manufacturing Industries, Hospitably Industries and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Programmable Robots market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are NVIDIA, (United States), Microsoft, (United States), IRobot, American Company (United States), Cruise Automation, (United States), Boston Dynamics, (United States), Amazon, (United States), Universal Robots (Demark), Zebra Technologies (United States), Yaskawa Electric (Japan), Fanuc Corporation (Japan), Rockwell Automation (United States) and KION Group (Germany).
Market Overview:
On January 20, 2019, iRobot acquires Root Robotics in order to boost the business in the upcoming year. Hence the iRobot is popular for Roomba robot vacuum, has acquired Root Robotics, an educational robotics start-up founded in 2016. The Root acquisition is another change for iRobot’s product portfolio. In 2016, iRobot sold its defense and security division to Arlington Capital Partners for USD45 million and it is known for Endeavour Robotics, and it's acquired by FLIR for USD382 million.
The market for the programmable robot is expected to grow market in the information and manufacturing sector. Increasing advancements in technology such as automated robots are driving the demand for the market. However, these very few companies are operating in the market to provide various robots with advanced technology. The market is a highly consolidated market with the presence of few market players. Hence it is triggering the market growth over the forecast period
Influencing Trend:
Advances in commercial drone technology and AI-enabled robots basically learn on the job
Market Growth Drivers:
Considerably changed the nature of education at various levels, especially from K-12 schools to graduate universities. and It reduces more Manual interaction
Challenges:
They are expensive to install and run and Programmable robots required constant power support
Restraints:
May dominated the market of the Job opening and They Impact human interaction
Opportunities:
Highly advanced in activity-based learning and Advanced Robotics Engineer work in space research organizations like ISRO, NASA, etc, which makes use of robotic technology and Artificial Intelligence
Key highlights of the Global Programmable Robots market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Programmable Robots market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Programmable Robots market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Programmable Robots Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Programmable Robots market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Programmable Robots market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes OEM (Original equipment manufacturer), Robot Equipment Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.