Global Market for Programmable Robots is Expected to Grow at A CAGR of 14.94%

Date: 2015-09-05

Programmable robot is an automatic device that performs functions normally ascribed though programs or remote control. These can range from remote-controlled to PC-controlled robots and also from simple wheeled robots to complex robots such as humanoids. These robots help in understanding and conceptualizing the theories involved in designing and operating a robot and also help to program the robot using simple virtual programming languages such C, C++, Java, and others, helping consumers to have a structured thinking towards problem solving. The major consumers of these robots are students, hobbyists and researchers.

The global market for programmable robots is expected to grow at a CAGR of 14.94% between 2015 and 2020. North America is expected to continue to lead the market and is the hub for several programmable robots vendors. The programmable robots market in Asia-Pacific and RoW regions has been gaining traction and is expected to witness the highest rate of growth during the forecast period. The increasing demand for programmable robots from educational institutions is expected to drive this growth.

The prominent players profiled in this report are The Lego Group (Denmark), Honda Motor Co., Ltd. (Japan), Aldebaran Robotics SAS (France), Innovation First International, Inc. (U.S.), WowWee Group Limited (Hong Kong), RobotShop, Inc. (Canada), Orbotix, Inc. (U.S.), Bossa Nova Robotics, Inc. (U.S.), RoboBuilder Co., Ltd. (South Korea), Romotive, Inc. (U.S.), Yujin Robot Co., Ltd. (South Korea), and others.

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