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Programmable Robots Market Share

Report ID: GMI9323
Published Date: May 2024
Report Format: PDF

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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

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of programmable robots was reached USD 3.5 billion in 2023 and is anticipated to grow at over 15.7% CAGR between 2024 and 2032, owing to growing technological advancements.

The industrial robots segment in the programmable robots market is anticipated to expand at over 15.5% CAGR between 2024 and 2032, driven by the advancements in robotic technology and growing interest in industrial automation.

Asia Pacific market for programmable robots is projected to observe over 17.5% CAGR from 2024 to 2032, driven by technological advancements, increasing industrial automation and the expanding manufacturing sector.

iRobot Corporation, ABB, SoftBank Robotics, The LEGO Group, OnRobot A/S, ElephantRobotics and Fischertechnik GmbH