Programmable Robots to witness widened applications due to its benefits
The World Health Organization declared a public health emergency in response to the COVID-19 virus epidemic in December 2019 because the sickness has spread to almost every nation. On the other hand, it is anticipated that the COVID-19 epidemic will have a short-term impact on the demand for programmable robots. Product innovations and new product releases are anticipated to be severely impacted by the spread of the virus, which has destroyed all major economies that are important centers of consumer robotics research. In the years following COVID-19, the market for programmable robots is expected to grow as parents may desire less social interaction and engage their kids with robots for a variety of reasons. According to the market analysis, COVID-19 has had an effect on programmable robots.
At a CAGR of 15%, programmable robots market is anticipated to grow to a value of USD 4 billion over the anticipated projection period. Robotics can boost output, alter working methods, and enhance service delivery. Robots are having an impact across all industry sectors. However, building a robot takes a lot of time and involves drilling, soldering, programming, and other chores. The difficult task of creating robots is made considerably simpler by using a programmable robot kit. The kit contains all the electronic and mechanical parts required to assemble a functional robot capable of performing simple motions. C/C++, Python, Java, C#/.NET, and Matlab are the programming languages used. Robots that can be programmed with instructions or controlled remotely are known as programmable robots.
Programmable robots with AI capabilities can function without outside guidance. It has the capacity to adjust to its environment, justify itself, and carry out tasks on its own.
The decreasing cost of robots is one of the factors contributing to their increased use. It is anticipated that the cost of robots would decrease due to a significant decline in the cost of robotic parts such as sensors and actuators, among others. Programmable robots include advanced mobile robots, gadgeteers, and robotic arms. For instance, cutting-edge mobile robots might transform agriculture. Robotic arms are used in industrial robotics and automation to pick up and move things remotely.
Adoption from the education industry to drive market growth
Due to the increased use of programmable robots in education to enhance the teaching and learning process, the market for programmable robots is expanding. The Programmable Robots Market Share is also growing due to the accessibility of an open-source platform with customization tools for programming robots and the affordable price of robotic kits. The market size for programmable robots is projected to increase due to the growing acceptance of activity-based learning. From kindergarten through graduate schools, which have started to include robots-based courses in their curricula, the programmable robotics revolution has significantly changed the nature of education at all levels. Due to the rapid advancement of robotics technology, several varieties of robots are now being used globally. Programmable Robots Market Demand is growing due to ongoing developments in artificial intelligence technology and the advent of deep learning systems.
Lack of knowledge is stifling the market opportunities for programmable robots. Due to factors like the high cost of robotic kits and the need to increase their durability, the market is restricted. One of the biggest roadblocks is that these robots retain their previously learned behaviors even when the job must be altered in an emergency. Therefore, these constraints hinder the market throughout the Programmable Robots Market Forecast. Programmable robots help children get more interested in STEM subjects (science, technology, engineering, and math) in the classroom.
Integrating project-based, hands-on, collaborative, authentic, and constructive learning approaches quickens the learning process. Robots that can be programmed are also used for media entertainment and games. Robots for home entertainment enhance human-robot interaction. Humanoid robots, Robo cats, and Robo dogs are equipped with sensors and vision care so they may interact with humans, play games, and compete. In order to provide tourists with information and entertainment value, these robots are also used as tour guides in service sectors like theme parks and museums. Most robots that are used in home settings are used to help older adults. The key players in the market for programmable robots are also important in the technology industry.
North America holds a significant share in the market growth.
North America is anticipated to lead the market for programmable robots throughout the anticipated time frame. An important factor influencing the growth of this industry is the substantial investment made in robotics research and development by developed economies like the United States and Canada. The rising usage of robotic kits in schools, colleges, and research organizations for instructional reasons is another driver boosting the programmable robot industry and expanding the market opportunities. Asia-Pacific is expected to expand rapidly due to greater awareness of the use of robots in education to improve the learning process and rising economies like China, Japan, and South Korea, which produce electronic components at low costs.
The market’s competitive environment is still fragmented, with several rivals creating goods based on a range of customer demands and uses. As businesses battle for market share, the industry is predicted to experience a number of mergers and acquisitions. The market is highly expensive, and the installation and execution processes demand a substantial initial outlay of money.
Recently occurring events
The usage of programmable robots in the educational sector helps students develop their skills in fundamental subjects, including science, technology, engineering, and math. Additionally, Honda has been spending heavily on research projects using programmable robots to aid in the creation of next-generation mobility technology, including ASIMO, walking aids, UNI-CUB, and others.
In order to educate middle school students in robotics, engineering, and coding, Lego has announced the availability of its new Spike Prime robotics kit. These Mindstorms kits have been upgraded and are more goal-oriented than the earlier versions.
The nation’s elderly population is driving the consumer sector’s adoption of programmable robots. Intuition Robotics Ltd. intends to release ElliQ, a social robot for seniors now undergoing beta testing in the US.
Bossa Nova Robotics, a producer of inventory robots, has purchased Hawkeye, a firm out of Carnegie Mellon University specializing in computer vision and facial recognition software. The acquisition will improve Bossa Nova’s robots’ ability to recognize objects.