Global Mechatronics and Robotics Market Synopsis
According
to MRFR, the Global Mechatronics and Robotics Market 2020
is Estimated to grow at a CAGR of approximately 15% during the forecast period
of 2017-2023.
The
world is moving rapidly towards a future where diverse mechanical products
contain electronics and monitoring or control computers. This combination of
electronic and mechanical parts, or mechatronics, enables the design of
intelligent, secure, flexible electromechanical systems such as medical
devices, aircraft simulators, industrial robots, automated assembly lines,
autonomous vehicles, and construction control systems. Mechatronics skills are
set to be in high demand in the future. In recent years, many low-cost , highly
capable robotic platforms have gained traction by introducing students to the
concepts of mathematics, science and engineering that apply to all grades.
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As a
result, the number of workshops that cater for the dissemination and
understanding of these principles, as well as the practical teaching of
mechatronics and robotics, is growing. Vendors are gradually opting for these
workshops as there are less costs and high returns involved. The major factor
driving the growth of the market for mechatronics and robotic courses is
increased use of mechatronics by OEMs. The rising applications in the
industrial sector are designed to train engineers with basic knowledge and
primary skills to build autonomous mechatronics and robotic systems. An upsurge
in research and development activities in the field of mechatronics and
robotics is predicted during the assessment period to have a positive impact on
the market for mechatronics and robotics courses. Growing implementation of
automation technology in various industrial sectors is seen to reduce human
error, thereby exponentially accelerating the global demand for mechatronics
and robotics courses.
The main
problem for OEMs and SMEs, however, is to reduce the total operating costs.
Other issues with the organizations include the need to operate efficiently and
meet regulatory requirements, and meeting environmental standards at the same
time has become one of the main challenges to OEMs.
Market
Segmentation
The
global demand for courses in mechatronics and robotics is segmented by platform
and application. The market is segmented into the online and offline by user
segment. The section of the application is categorized into the production,
automobile, aircraft, space and others. The other section consists of use in
electrical and electronics.
Regional
Perspectives
The
global demand for courses in mechatronics and robotics is studied in Asia
Pacific , North America, Europe and the rest of the world.
It was
observed that mechatronics and robotics courses market in North America was
projected to rise at the highest CAGR. Highly equipped industries demand
automation in various vertical industries to reduce human consumption, Which is
boosting the market for mechatronics and robotics courses. Because of the
involvement of major players, such as the British Columbia Institute of
Technology (Canada) and Hennepin Technical College (U.S.), the U.S. and Canada
are expected to drive mechatronics and robotics courses market development.
Europe's
market represents a considerable share of the market for mechatronics and
robotics courses.
At the
highest CAGR the Asia Pacific market is expected to expand. Factors that lead
to the rapid growth of the Asia Pacific market for mechatronics and robotics
courses (APAC) include the emergence of small and medium-sized education
institutions that support mechatronics and robotics courses and A proliferation
of mechatronics research and development topics. In addition, a rapid growth of
the automotive industry and an increase in the implementation of advanced
technologies in the automotive sector are expected to stimulate growth in the
demand for mechatronics and robotics courses.
Competitive
Dashboard
Some of
the major players in the global mechatronics and robotics courses market:
British Columbia Institute of Technology (Canada), ARM Holdings (United
Kingdom), Bosch Rexroth (Germany), Hennepin Technical College (U.S.), Amtek
Industries (UAE), ABB (Switzerland), KUKA Robotics (Germany), Siemens
(Germany), Novatech Robo Pvt Ltd (India ), and others.
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