Programmable Robots Market Developments by 2031
The programmable robots market size is projected to reach US$ 11.71 billion by 2031 from US$ 3.70 billion in 2023. The market is expected to register a CAGR of 15.50% in 2023–2031. The integration of progressive web apps (PWAs) is likely to remain a key Programmable Robots market trend.
Programmable Robots Market Analysis
The programmable robots market has witnessed significant growth in recent years, driven by technological advancements, rising awareness regarding the benefits of automation, and the increasing demand for robots for educational purposes. The use of robotics solutions in applications such as manufacturing, healthcare, agriculture, and space exploration contributes to increased productivity in its business as programmable robots perform repetitive tasks for them. In addition, these robots can work 24/7 without any breaks, and fewer errors are expected to occur compared to manual workers, leading to its adoption by various industries, which further fosters the programmable robots market growth. The quality of work assured by the adoption of these robots in less time is one of the major factors driving programmable robots market growth. Moreover, the robots are developed with materials and metal bodies that can sustain any hazardous environment. These robots can withstand any chemically exposed ecosystem and unstable or dangerous environments, which helps to avoid less risk to human life and provide enhanced safety in the workplace. These robots can work in extremely high and low environments and can work efficiently compared to human workers. Thus, such benefits of automation over manual workflow fuel the adoption of robotics solutions, which further contributes to the programmable robots market growth.
Programmable Robots Market Overview
Programmable robots are robots that are programmed by humans and can be used to perform specific tasks or movements. These robots are developed with advanced sensors, controllers, actuators, and advanced programming languages such as C/C++, Java, Python, and robot operating system (ROS), which helps them to better interact with their environment and execute programmed instructions. Programming allows these robots to perform specific tasks and behaviors, such as perception, movement, and decision-making, depending on the input received from sensors and other components. They are widely used in industries varying from education & research to manufacturing.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Programmable Robots Market: Strategic Insights
Market Size Value in US$ 3.20 billion in 2022 Market Size Value by US$ 10.16 billion by 2030 Growth rate CAGR of 15.5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Programmable Robots Market: Strategic Insights
| Market Size Value in | US$ 3.20 billion in 2022 |
| Market Size Value by | US$ 10.16 billion by 2030 |
| Growth rate | CAGR of 15.5% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Programmable Robots Market Drivers and Opportunities
Increased demand for programmable robots for the industrial sector to Favor Market
With the advent of Industry, the rising need for technology to increase flexibility in manufacturing, automation, mass customization, increased speed, better quality, and improved productivity in the industrial sector drives the demand for robotic solutions, which propel the programmable robots market growth. According to the International Federation of Robotics (IFR), the total installation of industrial robots across Europe increased by 15% in 2021 compared to 2021 due to the wide adoption of robots in automobiles, food & beverage, chemicals, mechanical engineering, and electronics sectors for increased productivity.
Increasing adoption in the education sector– An Opportunity in the Programmable Robots Market
The use of programmable robots in the education sector facilitates the improvement of competencies in core areas such as science, technology, engineering, and mathematics (STEM). Many vendors are undertaking intensive research and development activities to better understand the need for robotics in education. The continuous innovation and better functionality of robots are driving market growth.
Programmable Robots Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Programmable Robots market analysis are component and application.
- Based on component, the market is divided into hardware and software. The hardware segment held a significant market share in 2023.
- Based on application, the market is bifurcated into entertainment, research & education, and others. The research & education segment held a significant market share in 2023.
Programmable Robots Market Share Analysis by Geography
The geographic scope of the Programmable Robots market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Europe is expected to witness significant growth in the Programmable Robots market in the forecasted period. The European programmable robots market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The region is engaged in installing robots to maximize its industrial output amid revolutionizing Industry 4.0. The programmable robots help the manufacturer to perform various tasks such as picking, sorting, material handling, and others in their facilities, leading to its adoption. According to the International Federation of Robotics (IFR), in Europe, the total number of robots installed in 2022 increased by 6% compared to 2021 as several industries are capitalizing on robotics to bring automation into their facilities and augment their workflow efficiency. In addition, Germany is a greatly automated economy in the European Union. The country had nearly 26,000 industrial robots installed in 2022, a rise of 3% compared to 2021, and accounts for 37% of overall Europe's robot market. In Italy, the total robot installation rose by 10%, France by 15%, and Spain by 12% in 2022 compared to 2021.
Programmable Robots Market Report Scope
Programmable Robots Market News and Recent Developments
The programmable robots market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In March 2023, Dobot, a leading provider of industrial cobots, launched DOBOT Magician E6, a desktop 6-axis collaborative robot developed for education and research. (Source: Dobot, Press Release)
- In June 2021, RobotLAB Inc., the leading robotics integrator, and SoftBank Robotics America (SBRA) announced the humanoid robots Pepper and NAO are now exclusively available through RobotLAB in North America. The partnership also expands Pepper’s previous industry and STREAM education focus areas to a broader range of applications and marks RobotLAB’s debut as one of SBRA’s Whiz Partners. This latest iteration of the two companies’ collaboration builds upon their long-standing partnership in bringing SBRA’s B2B robotics solutions to market and moving innovative automation forward. RobotLAB has already deployed and supported thousands of robots in the field, including Pepper and NAO. (Source: RobotLAB Inc, Press Release)
Programmable Robots Market Report Coverage and Deliverables
The “Programmable Robots Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Programmable RobotsMarket size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Programmable Robots Market trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Programmable Robots market analysiscovering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Programmable RobotsIndustry, landscape, and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For