Programmable Robots Market is Anticipated to Hit USD 4 Billion by 2023 | Business Opportunity, Future Scope & Rising Demand By Top Vendors- iRobot, The LEGO Group
According to Market Research Future (MRFR), the global Programmable Robots Market is expected to reach USD 4 billion at a CAGR of 15% from 2017 to 2023 (forecast period). The report discusses and examines the effects of the outbreak of COVID-19 on the global programmable robots market, including possible opportunities and threats, drivers, and risks.
Robotics has the potential to increase efficiency, transform work practices, and enhance service offerings. Robots affect every vertical industry. But building a robot is a tedious task that takes a lot of time for drilling, soldering, programming, and so on.
Programmable robots in education help students are highly involved in the four subject areas: science, technology, engineering, and mathematics (STEM). It helps students learn through project-based learning, hands-on learning, collaborative learning, authentic learning, and constructive learning methods that enhance the learning process. Programmable robots are also used for entertainment purposes for gaming and media.
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Key Players
Notable players in the market of programmable robots are iRobot Corporation (US), Honda Motor Co., Ltd (Japan), The LEGO Group (Denmark), RobotShop Inc. (Canada), Bossa Nova Robotics (US), Wowwee Group Ltd (Hong Kong), Fischertechnik GmbH (Germany), Evolution Robotics (US), SuperDroid Robots Inc. (US), and Sphero (US).
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