Programmable Robots Market size in terms of volume and value 2020

Deerfield Beach, FL -- (SBWire) -- 07/25/2016 --Robot is an electro-mechanical machine operated by electronic circuitry or computer program. They can be autonomous or semi-autonomous. The study that deals with the operation, construction, design and application of robots is called robotics. Programmable robot is a mechanical device that functions through remote control or programs and can also be PC controlled. Programmable robots are used in programming like Java, C, C++ and many others. Most of the time end users are students and researches among others.

Adoption of robots in research, military, and manufacturing industries along with use in educational sector drives the growth of programmable robots market. However high initial cost for the robots design and development is the major restrains for the programmable robots market. Moreover, inadequate awareness in the developing countries is also expected to impede the growth of the market.Nevertheless, constantly ongoing research and development for technological advancement and features is likely to open new opportunities for the programmable robots market in near future.

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The report provides a comprehensive view on the programmable robots market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the programmable robots market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Based on the type, the programmable robots market can be segmented as hardware and software. Hardware comprise of programmable platforms, power sources, sensors, pc interface kits and actuators among others. Wide range of applications for programmable robots includes entertainment, education sectors, household, research and machinery among others. Entertainment and educational sector emerged as the leading segment.

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Geographically, programmable robots market has been segmented into North America. Middle East, Asia, Africa, Latin America further divergence of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. North America was the leading market with the highest share in programmable robots market in 2015. Asia Pacific is anticipated to be the fastest growing market for programmable robots driven by, China, India and Japan. This was mainly due to dropping prices of robots and rapid industrialization in this region.

Some of the key players in the programmable robot market include Romotive, Inc., Bossa Nova Robotics, Inc., RobotShop, Inc., Innovation First International, Inc., Honda Motor Co., Ltd., Yujin Robot Co., Ltd., RoboBuilder Co., Ltd., Orbotix, Inc., WowWee Group Limited, Aldebaran Robotics SAS and Lego Group among others. The players in the programmable robots market focus on the technological advancements, and increase durability, robustness, efficiency, safety of these robots.

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The report segments of the programmable robots market into:

Programmable Robots Market: Type Segment Analysis
-Hardware
-Software

Programmable Robots Market: Application Segment Analysis
-Entertainment
-Education sectors
-Household
-Research
-Machinery

Programmable Robots Market: Regional Segment Analysis
-North America
-U.S.
-Europe
-UK
-France
-Germany
-Asia Pacific
-China
-Japan
-India
-Latin America
-Brazil
-Middle East & Africa

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