Programmable Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Albany, NY -- (SBWire) -- 04/13/2016 --A new market research report by Transparency Market Research on the global programmable robots market provides a detailed analysis of the various factors affecting the growth of the market. The report, titled "Programmable Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," projects the growth and valuation of the market during the period from 2015 to 2023. The report studies the global programmable robots market on the basis of applications and regions. The profiles of some of the key players in the market have been also included in the report.

Technological advancements in artificial intelligence and emergence of deep learning systems have propelled the growth of the global programmable robots market. Programmable robots are versatile to adapt to any task. However, they are dependent on the customer's programming and operating skills. The growing usage of programmable robots for driving cars is expected to further boost the demand from the market. The overall market is still in infancy and has a huge scope to grow during the forecast horizon. In the coming years, robotic pets are expected to gain huge demand.

In terms of components, the global programmable robots market has been divided into software and hardware. Some of these robots have simple visual programming tools whereas others use actual programming language.

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According to end-use industries, the global programmable robots market has been segmented into education, entertainment, research, defense, and others. In the education sector, programmable robots are being used to improve coding skills of the students. Robots are widely used across the military and defense sector to locate and destroy armed explosives. In the research sector, robots are being put under various tests to measure their performance.

The report studies the global programmable robots market across five key regions: Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. North America accounts for the largest share in the market. However, during the forecast period, Asia Pacific is expected to be the fastest growing region in the global programmable robots market. Decreasing prices of robots, along with growing demand from countries such as China, Japan, and India, will drive this regional market.

Describing the competitive hierarchy, the report profiles some of the key players in the global programmable robots market such as Lego Group, Honda Motor Co. Ltd., Aldebaran Robotics SAS, Innovation First International Inc., Bossa Nova Robotics Inc., WowWee Group Limited, RoboBuilder Co. Ltd., Romotive Inc., RobotShop Inc., Yujin Robot Co. Ltd., and Orbotix Inc. The market players are focusing on the technological advancements to address the needs of customers.

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.