Programmable Robots Market 2021 Precise Outlook- iRobot Corporation, The LEGO Group, Modular Robotics Incorporated, RoboBuilder Co. Ltd

The report presents an in-depth assessment of the Programmable Robots Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Programmable Robots from 2022 till 2026. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The programmable robots market is expected to register a CAGR of 9.66% during the forecast period. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Programmable Robots Market: iRobot Corporation, The LEGO Group, Modular Robotics Incorporated, RoboBuilder Co. Ltd, Innovation First International Inc., SoftBank Robotics Europe SAS, Honda Motor Co. Ltd, Wowwee Group Limited (Optimal Group Inc.), Fischertechnik GmbH, SuperDroid Robots Inc.  and others.

Key Developments:

Jan 2020 - Lego announced the launch of its new Spike Prime robotics kit, which was designed to introduce middle school-aged students to robotics, engineering, and coding. These kits are an upgrade and more goal-oriented, as compared to the earlier introduced Mindstorms kits.

Market Overview:

The use of programmable robots in the education sector facilitates the improvement of competencies in core areas, like science, technology, engineering, and mathematics. Moreover, Honda has been continually investing in research activities for programmable robots to help in the development of next-generation mobility, like ASIMO, walking assist devices, UNI-CUB, and other technologies. A programmable robot is a device that performs various automated functions normally ascribed though programs or remote control. These programmable robotic kits, ranging from simple remote-controlled to PC-controlled robots, are used in education, entertainment, and research, among other applications.

Key Market Trends
Increasing Adoption of Robots for Educational Purposes
- The growing popularity of activity-based learning is expected to augment market growth in this vertical. The revolution of programmable robotics has considerably changed the nature of education at all levels, starting from kindergarten schools to graduate universities, which have been integrating robotics driven courses in their curriculums.
- Many vendors are undertaking intensive R&D activities to better understand the need for robotics in the education sector. Fischertechnik introduced a learning environment to understand Industry 4.0 applications in vocational schools and training, along with understanding research, teaching, and development at universities, in companies, and in IT departments.
- New products are also expected to augment market growth. Leveraging AI, a new programmable robot named Luka the Owl is anticipated to be introduced in 2020, which can read from a database of 50,000 books to young children.

Regional Analysis For Programmable Robots Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Influence of the Programmable Robots Market Report:
-Comprehensive assessment of all opportunities and risks in the Programmable Robots market.
-The detailed study of business strategies for the growth of the Programmable Robots market-leading players.
-Conclusive study about the growth plot of the Programmable Robots market for forthcoming years.
-In-depth understanding of Programmable Robots market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Programmable Robots market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Programmable Robots Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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