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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