Programmable Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global programmable robot market is set to witness substantial growth over the forecast period from 2024 to 2031, with estimations indicating a surge from US$ 3.8 billion in 2024 to a noteworthy US$ 10 billion by 2031, at a robust CAGR of 15%. This surge in market value is attributed to several key factors driving the adoption and evolution of programmable robots across various sectors.

Rapid Technological Advancement Driving Market Growth

The continuous advancement in robotics technology, coupled with the integration of artificial intelligence (AI) and deep learning systems, is playing a pivotal role in expanding the programmable robots market. As the demand for automation and interactive learning systems rises, particularly in educational institutions and industrial sectors, the adaptability and versatility of programmable robots are becoming increasingly sought after.

Innovative Trends in Education Sector Fueling Market Expansion

In North America, where the market is expected to reach US$ 4 billion by 2031, the convergence of innovative trends in the education sector and the growing demand for interactive learning is driving the market growth. With the emergence of various programmable robot platforms and educational tools, there is a heightened interest in robotics and coding education, propelling the adoption of programmable robots.

Asia-Pacific Region Leading the Way in Industrial Automation

The Asia-Pacific region, particularly countries like China, Japan, and South Korea, is at the forefront of industrial automation, with significant investments driving productivity enhancements. The adoption of programmable robots in manufacturing industries such as automotive, electronics, and consumer goods is witnessing a substantial uptick, further contributing to market growth. By 2031, it is projected that the Asia-Pacific programmable robot market will be worth US$ 2 billion, with China alone generating US$ 830 million.

Hardware Components Dominating the Market

Hardware components are expected to dominate the global programmable robot market over the forecast period. With a projected CAGR of 14% between 2024 and 2031, the growing demand for robot actuators, sensors, communication interfaces, and power sources is expected to fuel the market for hardware components. Continuous advancements in AI and sensor technologies are further propelling this growth trajectory.

Education Segment Emerging as Market Leader

The education segment is poised to lead the programmable robot market, with a projected CAGR of 13% by 2031. The increasing emphasis on STEM education and hands-on learning experiences is driving the demand for programmable robots in educational institutions worldwide. Governments and educational bodies are actively promoting robotics and programming skills among students, fostering a conducive environment for market growth.

Competitive Analysis

Numerous technology companies are actively developing programmable robot devices, aiming to capture a significant market share through innovative products and effective marketing strategies. Collaborative efforts and continuous research and development are expected to result in the introduction of new and improved products, further intensifying market competition.

As programmable robots continue to revolutionize various industries and educational practices, the market is poised for exponential growth in the coming years. Technological advancements, coupled with increasing investments and favorable government policies, will drive the widespread adoption of programmable robots, reshaping the future of automation and interactive learning worldwide.

Some key companies are:

Sphero
RobotShop Inc.
Yujin Robot Co. Ltd.
WowWee Group Limited
RoboBuilder Co. Ltd.
Lego Group
SoftBank Robotics
iRobot Corporation
Honda Motor Co., Ltd.
Evolve Inc.

Programmable Robots Market Outlook by Category

By Component:

Hardware
Software

By Application:

Entertainment
Education
Household
Other

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Programmable Robots Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Price Analysis

3.1. Key Highlights
3.2. Pricing Analysis, by Subscription Model
- 3.2.1. Basic/Standard Plans
- 3.2.2. Professional Plans
- 3.2.3. Enterprise Plans
3.3. Average Pricing Analysis Benchmark

4. Global Programmable Robots Market Outlook, 2018 - 2031

4.1. Global Programmable Robots Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Hardware
  - 4.1.1.2. Software
4.2. Global Programmable Robots Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Entertainment
  - 4.2.1.2. Education
  - 4.2.1.3. Household
  - 4.2.1.4. Other
4.3. Global Programmable Robots Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Programmable Robots Market Outlook, 2018 - 2031

5.1. North America Programmable Robots Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Hardware
  - 5.1.1.2. Software
5.2. North America Programmable Robots Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Entertainment
  - 5.2.1.2. Education
  - 5.2.1.3. Household
  - 5.2.1.4. Other
5.3. North America Programmable Robots Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. U.S. Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. Canada Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. Canada Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Programmable Robots Market Outlook, 2018 - 2031

6.1. Europe Programmable Robots Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Hardware
  - 6.1.1.2. Software
6.2. Europe Programmable Robots Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Entertainment
  - 6.2.1.2. Education
  - 6.2.1.3. Household
  - 6.2.1.4. Other
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Europe Programmable Robots Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. Germany Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. U.K. Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. U.K. Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. France Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. France Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. Italy Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. Italy Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Turkey Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Turkey Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Russia Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Russia Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.13. Rest of Europe Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 6.3.1.14. Rest of Europe Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Programmable Robots Market Outlook, 2018 - 2031

7.1. Asia Pacific Programmable Robots Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Hardware
  - 7.1.1.2. Software
7.2. Asia Pacific Programmable Robots Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Entertainment
  - 7.2.1.2. Education
  - 7.2.1.3. Household
  - 7.2.1.4. Other
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Asia Pacific Programmable Robots Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. China Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Japan Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 1.1.1.1. Japan Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 1.1.1.2. South Korea Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 1.1.1.3. South Korea Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 1.1.1.4. India Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 1.1.1.5. India Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 1.1.1.6. Southeast Asia Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 1.1.1.7. Southeast Asia Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 1.1.1.8. Rest of Asia Pacific Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 1.1.1.9. Rest of Asia Pacific Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
- 1.1.2. BPS Analysis/Market Attractiveness Analysis

2. Latin America Programmable Robots Market Outlook, 2018 - 2031

2.1. Latin America Programmable Robots Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
- 2.1.1. Key Highlights
  - 2.1.1.1. Hardware
  - 2.1.1.2. Software
2.2. Latin America Programmable Robots Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 2.2.1. Key Highlights
  - 2.2.1.1. Entertainment
  - 2.2.1.2. Education
  - 2.2.1.3. Household
  - 2.2.1.4. Other
- 2.2.2. BPS Analysis/Market Attractiveness Analysis
2.3. Latin America Programmable Robots Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 2.3.1. Key Highlights
  - 2.3.1.1. Brazil Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 2.3.1.2. Brazil Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 2.3.1.3. Mexico Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 2.3.1.4. Mexico Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 2.3.1.5. Argentina Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 2.3.1.6. Argentina Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 2.3.1.7. Rest of Latin America Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 2.3.1.8. Rest of Latin America Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
- 2.3.2. BPS Analysis/Market Attractiveness Analysis

3. Middle East & Africa Programmable Robots Market Outlook, 2018 - 2031

3.1. Middle East & Africa Programmable Robots Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Hardware
  - 3.1.1.2. Software
3.2. Middle East & Africa Programmable Robots Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Entertainment
  - 3.2.1.2. Education
  - 3.2.1.3. Household
  - 3.2.1.4. Other
- 3.2.2. BPS Analysis/Market Attractiveness Analysis
3.3. Middle East & Africa Programmable Robots Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. GCC Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 3.3.1.2. GCC Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 3.3.1.3. South Africa Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 3.3.1.4. South Africa Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 3.3.1.5. Egypt Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 3.3.1.6. Egypt Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 3.3.1.7. Nigeria Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 3.3.1.8. Nigeria Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
  - 3.3.1.9. Rest of Middle East & Africa Programmable Robots Market by Component, Value (US$ Bn), 2018 - 2031
  - 3.3.1.10. Rest of Middle East & Africa Programmable Robots Market by Application, Value (US$ Bn), 2018 - 2031
- 3.3.2. BPS Analysis/Market Attractiveness Analysis

4. Competitive Landscape

4.1. Company Market Share Analysis, 2023
4.2. Competitive Dashboard
4.3. Company Profiles
- 4.3.1. Sphero
  - 4.3.1.1. Company Overview
  - 4.3.1.2. Product Portfolio
  - 4.3.1.3. Financial Overview
  - 4.3.1.4. Business Strategies and Development
- 4.3.2. RobotShop Inc.
  - 4.3.2.1. Company Overview
  - 4.3.2.2. Product Portfolio
  - 4.3.2.3. Financial Overview
  - 4.3.2.4. Business Strategies and Development
- 4.3.3. Yujin Robot Co. Ltd.
  - 4.3.3.1. Company Overview
  - 4.3.3.2. Product Portfolio
  - 4.3.3.3. Financial Overview
  - 4.3.3.4. Business Strategies and Development
- 4.3.4. WowWee Group Limited
  - 4.3.4.1. Company Overview
  - 4.3.4.2. Product Portfolio
  - 4.3.4.3. Financial Overview
  - 4.3.4.4. Business Strategies and Development
- 4.3.5. RoboBuilder Co. Ltd.
  - 4.3.5.1. Company Overview
  - 4.3.5.2. Product Portfolio
  - 4.3.5.3. Financial Overview
  - 4.3.5.4. Business Strategies and Development
- 4.3.6. Lego Group
  - 4.3.6.1. Company Overview
  - 4.3.6.2. Product Portfolio
  - 4.3.6.3. Financial Overview
  - 4.3.6.4. Business Strategies and Development
- 4.3.7. SoftBank Robotics
  - 4.3.7.1. Company Overview
  - 4.3.7.2. Product Portfolio
  - 4.3.7.3. Financial Overview
  - 4.3.7.4. Business Strategies and Development
- 4.3.8. iRobot Corporation
  - 4.3.8.1. Company Overview
  - 4.3.8.2. Product Portfolio
  - 4.3.8.3. Financial Overview
  - 4.3.8.4. Business Strategies and Development
- 4.3.9. Honda Motor Co., Ltd.
  - 4.3.9.1. Company Overview
  - 4.3.9.2. Product Portfolio
  - 4.3.9.3. Financial Overview
  - 4.3.9.4. Business Strategies and Development
- 4.3.10. Evolve Inc.
  - 4.3.10.1. Company Overview
  - 4.3.10.2. Product Portfolio
  - 4.3.10.3. Financial Overview
  - 4.3.10.4. Business Strategies and Development

5. Appendix

5.1. Research Methodology
5.2. Report Assumptions
5.3. Acronyms and Abbreviations