Programmable Robots Market Analysis

Programmable Robots Market Analysis

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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.