The current trends and future growth of the Robot Market
As technology makes its way into robotics, several robots are operational currently. Continuing advancements in artificial intelligence and emergence of deep learning systems is driving the programmable robots market. Robots are programmed to accomplish a certain task and are able to perform it over and over again. Programmable robot's versatility to adapt to any job makes it viable; but, yet it is dependent on customer's programming and operating skills. These are either supervised by a human or totally programmable robot.
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Currently, programmable robots are used at various places for various applications. Some robots are used to clean homes and business areas while others are used to put components in the industries. Robots are a huge asset to the military and are able to locate and destroy dangerous things like armed explosives. Programmable robots are majorly used in entertainment, research and education sectors. In Education sector, especially for K-12 schools and graduate courses, universities have been integrating robotics courses in their curriculums in various fields. Programmable robots are used for improving student's coding skills.
The programmable robots market is segmented by geography into North America, Europe, Asia Pacific, Middle-East and Africa and Latin America. North America accounts for the highest share in the global programmable robots market. However, Asia Pacific is expected to be the fastest growing market for programmable robots driven by Japan, China and India. The decreasing prices of robots will drive their demand in such regions. The programmable robots are segmented by components as hardware and software. Currently, programmable robots are available for kids at low prices. Some of these robots have simple visual programming tools, while others use actual programming language. Robotic pets are expected to gain huge demand in the coming years. Companies offer simple set of commands for such robots. However, others such as Lego Group, offers a wide range of programmable activities. For practitioners various programmable robot kits are available in the market which helps in learning how to read the data from a sensor, program a flying drone, a robotic arm, or build an autonomous robot that can navigate and detect obstacles. Such learning kits are costlier thus restraining its wide adoption. Scientists are also putting robots under various tests and measuring their performance.
Programmable robots are used for driving cars. In Mountain View, California, drivers are taking advantage of programmed robots for driving Google's self-driving cars. The players in the programmable robots market are focusing on the technological advancements to accommodate the needs of customers and to increase the robustness, durability, efficiency, maintainability and safety of these robots. The National Bureau of Standards, U.S. Department of Commerce, recognize a need to develop the problems in the performance measurement of programmable robots. The market is still in infancy and there is much more invention still ahead in the market.
Some of the major players in the programmable robots market are Lego Group, Aldebaran Robotics SAS, Honda Motor Co., Ltd., Bossa Nova Robotics, Inc., Innovation First International, Inc., RoboBuilder Co., Ltd., WowWee Group Limited, Romotive, Inc., Yujin Robot Co., Ltd., RobotShop, Inc., and Orbotix, Inc. among others.
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