Expert forecast +14% CAGR growth in Programmable Robots market, growth, Development policies, various aspects of the industry – players, regions, types, and applications during the forecast period.

The global programmable robots market is estimated to grow at a healthy pace within the forecast period of 2016 to 2024 on account of the increasing adoption of robots in various educational institutions as many of them are including robots in their academic curriculum. Players in this field are focusing hard on innovation so as to cater to the specific needs of the consumers. Players are also striving to achieve durability, safety, effectiveness, and robustness of robots. While robotic toys are not so much in demand these days, robotic pets have become popular and will act as an offset for the robotic toys market.

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% from 2015 to 2020.

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With the rising technological advances in robotics, various types of robotics are currently becoming operational in the global market. Incessant innovations in the technology of artificial intelligence and the advent of deep learning systems is bolstering the growth of the global programmable robots market. The demand for programmable robots is likely to intensify over the forthcoming years owing to the versatility of programmable robot that makes it viable for them to adapt to any kind of job, however, it is still dependent on the operational and programming skills of the user.

The leading companies in the global programmable robots market are Orbotix Inc., RobotShop Inc., Yujin Robot Co. Ltd., Wow Wee Group Limited, Robo Builder Co. Ltd., Lego Group, and Honda Motor Co. Ltd. among others.

Asia-Pacific is the major growth market for programmable robots. Asia-Pacific will emerge as the leading market in terms of growth over the next couple of years owing to the growing demand from countries such as India, China, and Japan. This is mainly due to dropping prices of robots and rapid industrialization in this region. The global programmable robots market has been segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. At present, North America holds the leading share in the market. Nevertheless, it has been projected that Asia Pacific will emerge as the leading market in terms of growth over the next couple of years owing to the growing demand from countries such as India, China, and Japan.

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Programmable Robots Market Research Report 2018-2023

Chapter 1: Programmable Robots Market Overview   

Chapter 2: Global Economic Impact on Industry   

Chapter 3: Market Competition by Manufacturers 

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions 

Chapter 6: Production, Revenue (Value), Price Trend by Type   

Chapter 7: Programmable Robots Market Analysis by Application   

Chapter 8: Manufacturing Cost Analysis   

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers   

Chapter 10: Marketing Strategy Analysis, Distributors/Traders 

Chapter 11: Programmable Robots Market Effect Factors Analysis   

Chapter 12: Programmable Robots Market Forecast

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