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.
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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.
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