What is the current Programmable Robots Market size?

The Programmable Robots Market is projected to register a CAGR of 9.66% during the forecast period (2024-2029) Read More

Who are the key players in Programmable Robots Market?

The LEGO Group, Honda Motor Co. Ltd, SoftBank Robotics Europe SAS, WowWee Group Limited and Fischertechnik Company are the major companies operating in the Programmable Robots Market. Read More

Which is the fastest growing region in Programmable Robots Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Programmable Robots Market?

In 2024, the North America accounts for the largest market share in Programmable Robots Market. Read More

What years does this Programmable Robots Market cover?

The report covers the Programmable Robots Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Programmable Robots Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Programmable Robots Market Trends

Statistics for the 2023 & 2024 Programmable Robots market trends, created by Mordor Intelligence™ Industry Reports. Programmable Robots trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Programmable Robots Industry

This section covers the major market trends shaping the Programmable Robots Market according to our research experts:

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.

Understand The Key Trends Shaping This Market

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North America is Expected to Remain the Largest Market

The demographics and emerging dynamics in the education sector are expected to be one of the major drivers of the market in the region. The introduction of interactive learning courses is one of the major components driving the market.
In the US eduation sector, according to the Labor Department's projections, the universities in the country are expected to produce only 29% of the required graduates to fill 1.4 million computer specialist job openings. Such a scenario is expected to create the need for programmable robots in this sector.
Furthermore, the aging population of the country is leading toward the introduction of programmable robots in the cosnsumer sector. Intuition Robotics Ltd is expected to introduce ElliQ, a social robot for older adults, which is currently in beta testing in the United States.