Home > Semiconductors & Electronics > Automation > Robotics > Programmable Robots Market
Programmable Robots Market Size
Programmable Robots Market was valued at over USD 3.5 billion in 2023 and is anticipated to grow at a CAGR of over 15.7% between 2024 and 2032. The programmable robots has experienced significant technological advancements in recent years, owing to the innovations in robotics, Artificial Intelligence (AI), sensors, actuators, and software development. These advancements are transforming the capabilities, functionalities, and applications of programmable robots across various industries & domains.
The growing adoption of Industry 4.0 and smart manufacturing practices is driving significant transformation & innovations in the programmable robots market. Industry 4.0 represents a paradigm shift toward interconnected, intelligent, and autonomous manufacturing systems for various needs, such as material handling, enabled by advanced technologies, data analytics, and automation. The adoption of Industry 4.0 technologies and smart manufacturing practices is driving the demand for advanced robotic solutions & programmable robots to optimize production processes and enhance operational efficiency.
Report Attributes | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 3.5 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 15.7% |
2024 – 2032 Value Projection: | USD 14.5 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 248 |
Segments covered: | Component, type, end-use, and region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Creating modular robotic systems for diverse applications with customized features to meet specific requirements, environments, and tasks poses a complex challenge. Ensuring interoperability and compatibility between different robot components, modules, and subsystems, such as sensors, actuators, and end effectors is a challenging task. Maintaining performance, reliability, and safety is essential for scalability but requires careful design, integration, and testing. The heterogeneity of execution platforms and operating software in manufacturing robots, as well as various sensors & actuators, creates challenges for integration into larger systems.
Programmable Robots Market Trends
In recent years, interest in using robots in education has witnessed massive growth. Projects that involve robotics, artificial intelligence, speech recognition, and related technologies can help develop students analytical, creative, and practical skills. For robots to become widely used in education, they need to be smaller, easier to set up and use, and, more important, they need to be affordable to educators and students.
The versatility & scalability of programmable robots make them suited for automating diverse & evolving applications, processes, and operations in various industries. It enables organizations to adapt, expand, and reconfigure production lines, workflows, and systems in response to the changing market demands, customer requirements, and business opportunities quickly and easily.
Programmable Robots Market Analysis
Based on type, the market is divided into educational robots, industrial robots, service robots, research robots, and others. The industrial robots segment is anticipated to expand at a CAGR of over 15.5% between 2024 and 2032.
- With the advancements in robotic technology, there is a growing interest in industrial automation, which is being driven by global labor shortages and a need for sustainable manufacturing. With the aim of reducing errors and optimizing the production units, organizations are shifting toward robot solutions. For instance, in October 2022, ABB unveiled the smallest industrial robot with class-leading payload and accuracy, offering new possibilities for faster, more flexible, and high-quality production of wearable smart devices. With its compact size, high payload, and excellent accuracy, the new IRB 1010 offers electronics manufacturers the opportunity to increase their production of devices, including smart watches, earphones, sensors, and health trackers, through automation.
Based on components, the market is segmented into hardware and software. The software segment dominated over 60% share of the programmable robots market in 2023.
- The growing demand for programmable robots is becoming increasingly prevalent in various industries, from manufacturing to healthcare & education. With their precision, efficiency, and adaptability, these robots can perform complex tasks that were once exclusive to humans. Software companies, developers, and researchers are focusing on developing innovative software solutions and tools that enhance the performance, functionality, and user-friendliness of programmable robots, cater to the diverse needs and requirements of different industries and applications, and drive market growth and expansion in the programmable robot market. For instance, in November 2021, OnRobot, the one stop shop for collaborative robot applications, made its software debut with the launch of WebLytics, a production monitoring, device diagnostics, and data analytics solution designed to enhance productivity and minimize downtime. It can monitor the performance of multiple collaborative applications simultaneously and in real-time, WebLytics gathers equipment data from both robots and tools and transforms it into an easy-to-understand & visualized device and application-level intelligence.
Asia Pacific programmable robots market is projected to witness about 17.5% CAGR from 2024 to 2032, driven by technological advancements, increasing industrial automation, the expanding manufacturing sector, and the growing demand for advanced & intelligent robotic solutions across various industries in the region. Countries, such as China, Japan, and South Korea, are witnessing significant market growth, owing to their strong manufacturing base, rapid industrialization, and adoption of Industry 4.0 technologies and smart manufacturing practices.
The rising awareness and adoption of automation solutions are driving the demand for programmable robots. They play a crucial role in enhancing operational efficiency, productivity, quality, and safety in various applications such as manufacturing, logistics, healthcare, agriculture, retail, and education. The integration of advanced sensing, perception, and AI technologies enables programmable robots to perform complex and adaptive tasks autonomously, facilitating real-time data exchange, monitoring, control, and coordination in interconnected & collaborative robotic systems and ecosystems.
Programmable Robots Market Share
iRobot Corporation and ABB held a significant share of the programmable robots industry in 2023. iRobot Corporation is a leading global provider of consumer robots, known for its popular Roomba robotic vacuum cleaners and Braava robotic mops. In addition to its consumer-focused products, iRobot also offers programmable robots for educational and research purposes. The company's programmable robots, such as the Root coding robot and create programmable robot platform, are designed to inspire learning and creativity in STEM education.
ABB is a multinational corporation specializing in robotics, automation, and industrial technology solutions. ABB offers a wide range of programmable robots for industrial automation applications, including collaborative robots (cobots), industrial robots, and robotic systems for manufacturing, logistics, and process industries. ABB's robots are known for their high-performance capabilities, precision, and reliability, making them a top choice for industrial automation across various sectors globally.
Programmable Robots Market Companies
Major players operating in the programmable robots industry are:
- iRobot Corporation
- ABB
- SoftBank Robotics
- The LEGO Group
- OnRobot A/S
- ElephantRobotics
- Fischertechnik GmbH
Programmable Robots Industry News
- In September 2023, ABB Robotics expanded its education offerings with the launch of the IRB 1090. The 1090 industrial education robot, authenticated by the globally recognized education institute STEM.org, is designed to upskill students and provide them with a competitive advantage in securing employment.
- In January 2023, WowWee, a global innovator of robotic toys and consumer entertainment products, launched MINTiD Dog-E at the Consumer Electronics Show (CES). Dog-E is a robot dog that is unique to every owner because of over a million possible combinations of colorful lights, sounds, and personality traits. The Dog-E companion app allows multiple members of a family to save their own individual profiles in a single Dog-E.
This programmable robots market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2024 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Component
- Hardware
- Software
Market, By Type
- Educational robots
- Industrial robots
- Service robots
- Research robots
- Others
Market, By End Use
- Manufacturing
- Healthcare
- Entertainment and media
- Military and defense
- Others
The above information is provided for the following regions and countries:
- Nort America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Frequently Asked Questions (FAQ) :