Programmable Robots Market Growth Analysis & Forecast 2030

Coverage: Programmable Robots Market covers analysis By Component (Hardware, Software) and Application (Entertainment, Research & Education, Others)

Publication Month : Apr 2024

  • Report Code : TIPRE00003283
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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[Research Report] The programmable robots market is expected to grow from US$ 3.20 billion in 2022 to US$ 10.16 billion by 2030; it is estimated to grow at a CAGR of 15.5% from 2022 to 2030.

Analyst Perspective:

The programmable robots market has witnessed significant growth in recent years, driven by technological advancements, rising awareness regarding the benefits of automation, and the increasing demand for robots for educational purposes.

The use of robotics solutions in applications such as manufacturing, healthcare, agriculture, and space exploration contributes to increased productivity in its business as programmable robots perform repetitive tasks for them. In addition, these robots can work 24/7 without any breaks and fewer errors are expected to occur compared to manual workers, leading to its adoption by various industries, which further fosters the programmable robots market growth. The quality of work assured by the adoption of these robots in less time is one of the major factors driving programmable robots market growth. Moreover, the robots are developed with materials and metal bodies that can sustain any hazardous environment. These robots can withstand any chemically exposed ecosystem and unstable or dangerous environments, which helps to avoid less risk to human life and provide enhanced safety in the workplace. These robots can work in extremely high and low environments and can work efficiently compared to human workers. Thus, such benefits of automation over manual workflow fuel the adoption of robotics solutions, which further contributes to the programmable robots market growth. 

Industry 4.0, or digitalization in manufacturing or smart manufacturing, transformed the way companies manufacture, process, and distribute their products. Manufacturers are integrating new technologies such as the Internet of Things (IoT), artificial intelligence (AI), robotics, analytics, and machine learning (ML) into their facilities to enhance operational and production efficiencies. Automation in the manufacturing units plays a crucial role in increasing production output in minimal time and low labor costs. In addition, it helps to enhance product quality by minimalizing the risk of human error. As a result, industries such as automotive, healthcare, and others are proactively implementing automation solutions into their facilities, which leads to the installation of robotics solutions and fuels the programmable robots market.

Market Overview:

Programmable robots are robots that are programmed by humans and can be used to perform specific tasks or movements. These robots are developed with advanced sensors, controllers, actuators and advanced programming languages such as C/C++, Java, Python, and robot operating system (ROS), which helps them to better interact with their environment and execute programmed instructions. Programming allows these robots to perform specific tasks and behaviors, such as perception, movement, and decision-making, depending on the input received from sensors and other components. They are widely used in industries varying from education & research to manufacturing.

Strategic Insights

Market Driver:

Increased demand for programmable robots for the industrial sector to Drive Growth of Programmable Robots Market

With the advent of Industry, the rising need for technology to increase flexibility in manufacturing, automation, mass customization, increased speed, better quality, and improved productivity in the industrial sector drives the demand for robotic solutions, which propel the programmable robots market growth. According to the International Federation of Robotics (IFR), the total installation of industrial robots across Europe increased by 15% in 2021 compared to 2020 due to the wide adoption of robots in automobiles, food & beverage, chemicals, mechanical engineering, and electronics sectors for increased productivity. In addition, Asia has one of the strongest industrial robot markets due to high demand in the region. The installation of industrial robots increased by 33% in 2021 compared to 2020 in Asia. According to IFR in January 2023, China, Japan, and South Korea are among the top five most advanced robotics countries in terms of the annual installations of industrial robots, which is fueling the programmable robots market in the region. Thus, the rising installation of these robots worldwide to possess high precision and accuracy in several robotics tasks required to do the continuous repetitive tasks in the industrial sector fuels the programmable robots market.

Market Driver:

Segmental Analysis:

Based on application, the market is categorized into entertainment, research & education, and others. The research & education segment held a significant programmable robots market share in 2022 and is anticipated to register a high CAGR in the programmable robots market during the forecast period. The growing use of programmable robots in the education and research field as educational robots is fostering the programmable robots market size.

These robots are widely used for students of different age groups and skill levels. Some of these robots are LEGO Mindstorms, VEX Robotics, and others. LEGO Mindstorms is an educational robot kit that allows students to develop and program robots using LEGO bricks and Scratch, a programming language. It has been built with various sensors, which include color, touch, and infrared sensors, and can be programmed to execute numerous tasks using a graphical programming interface.

VEX Robotics is an educational robot kit that helps students develop programmable robots using metal parts and VEX Coding Studio, a programming language. It includes various sensors, such as ultrasonic sensors and gyroscopes, that are used to develop and program robots for several challenges and competitions. Thus, the adoption of these robots for educational purposes fuels the programmable robots market.

Regional Analysis:

The Europe programmable robots market was valued at US$ XX billion in 2022 and is projected to reach US$ XX billion by 2030; it is expected to grow at a CAGR of XX% during the forecast period. The European programmable robots market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The region is engaged in installing robots to maximize its industrial output amid revolutionizing Industry 4.0.

The programmable robots help the manufacturer to perform various tasks such as picking, sorting, material handling and others in their facilities, leading to its adoption. According to the International Federation of Robotics (IFR), in Europe, the total number of robots installed in 2022 increased by 6% compared to 2021 as several industries are capitalizing on robotics to bring automation into their facilities and augment their workflow efficiency.

In addition, Germany is a greatly automated economy in the European Union. The country had nearly 26,000 industrial robots installed in 2022, a rise of 3% compared to 2021 and accounts for 37% of overall Europe's robot market. In Italy, the total robot installation rose by 10%, France by 15%, and Spain by 12% in 2022 compared to 2021. There is a mounting perception related to the benefits of using robots in parallel to humans in manufacturing to ease manufacturing tasks and mount the production volume. This parameter is one of the major driving forces in the programmable robots market in the European region.

Moreover, various countries' governments are paving their way towards the adoption of automation by investing in automation technologies. For instance, in July 2021, the UK’s government announced an investment of US$ 59.3 million (GBP 53 million) to drive the development of digital manufacturing technologies, where US$ 28.10 million (GBP 25 million) was to be invested in setting up five new industry-sponsored research centers to fast-track the development of cutting-edge digital solutions that can renovate manufacturing businesses.

In addition, Germany’s High-Tech Strategy 2025 (HTS), a German R&D and innovation program, focused on using technologies, research, and innovation on topics such as human-robot collaboration. The German government planned to invest US$ 345 million for five years, around US$ 69 million annually until 2026, to integrate solutions for the more flexible organization of work processes. Thus, the increasing government support for the enhancement automation solutions will foster programmable robots market growth.

According to the VDMA Robotics + Automation Association, in 2022, the German robotics & automation (R&A) sector is anticipated to report an increase in sales by 13% with an expected industry turnover of  US$ 17.7 billion (EUR 16.2 billion) in 2023. According to IFR, Germany, Italy, France, Spain, and Poland are the top five adopters of robotics solutions and account for almost 70% of robotics installation in 2022. Thus, the growing robotics & automation sector will further boost the programmable robots market in the coming years. Moreover, the adoption of collaborative robots (cobots) that are programmed to certain specific tasks further fuels the programmable robots market. For instance, according to Germany Trade & Invest (GTAI), Germany alone is projected to report sales of more than 71,000 cobot units by 2025. Thus, the mounting adoption of collaborative robots in the region increases the European programmable robots market share.

Technological advancements and artificial intelligence (AI) implementation in robotic automation solutions are key forces influencing the installation of robots in the industrial sector to augment production output with enhanced efficiency in the production process. The adoption of industrial robots gained traction in the region with mobility restrictions imposed during the COVID-19 pandemic, which fostered the necessity for an automated solution to run the business. In addition, during the pandemic, the European manufacturing sector experienced a rapid increase in the adoption of robotics and automation due to the limited availability of labor, which fuels the programmable robots market in Europe.

Segmental Analysis:

Key Player Analysis:

The programmable robots market analysis consists of players such as ABILIX, LEGO Group, Honda Motor, Sphero, Yujin Robot, SoftBank Robotics, WowWee Group Limited, Aldebaran & United Robotics Group, Innovation First International, and RobotShop.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the programmable robots market. A few recent key market developments are listed below: 

  • In September 2019, Sphero announced the start of the shipment of its programmable robot, Misty II, to its 500 or so crowdfunding backers. The robots could function for applications such as property environmental monitoring, inspection, eldercare and autism therapy.
  • In March 2023, Dobot, a leading provider of industrial cobots, launched DOBOT Magician E6, a desktop 6-axis collaborative robot developed for education and research.

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies

1. ABILIX
2. HONDA MOTOR CO., LTD.
3. ROBOBUILDER CO., LTD.
4. SILVERLIT TOYS MANUFACTORY LTD.
5. SOFTBANK ROBOTICS
6. SPHERO
7. THE LEGO GROUP
8. UBTECH ROBOTICS
9. VEX ROBOTICS (INNOVATION FIRST INTERNATIONAL, INC.)
10. WOWWEE GROUP LIMITED

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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