In a recent published report, Kenneth Research has updated the market report for Mechatronics and Robotics Courses Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Mechatronics and Robotics Courses Market products.
The Mechatronics and Robotics Courses Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
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The key players in the global mechatronics and robotics courses market include ARM Holdings (United Kingdom), British Columbia Institute of Technology (Canada), Bosch Rexroth (Germany), Hennepin Technical College (U.S.), and ABB (Switzerland). ARM Holdings, a prominent player in mechatronics and robotics courses market, conducts a mechatronics and robotics education kit to train students and future engineers with the basic knowledge and necessary skills to develop autonomous mechatronics and robotic systems.
This kit includes a full course on how to design, build, and integrate key components of a mechatronics system. The course is highly advanced and includes a rich set of lecture slides with notes and lab manuals with solutions. British Columbia Institute of Technology conduct a full-time diploma course on mechatronics and robotics. The diploma course comprises a unique, multidisciplinary combination of courses in electronics, mechanics, and computer programming to provide users with both theoretical and practical skills that are required to design and maintain mechatronic systems.
The primary factor driving the growth of the mechatronics and robotics courses market consists of increasing application of mechatronics by OEMs. However, the major concern with OEMs and SMBs (small & medium size businesses) is to minimize the overall operating cost. Other issues with the organizations are the need for operating business efficiently, complying with regulatory demands, and meeting environmental standards at the same time has become one of the major challenges to OEMs.Global Mechatronics and Robotics Courses Market is Estimated to grow at a CAGR of approximately 15% during the forecast period of 2017-2023.
Key Players
Some of the prominent players in the global mechatronics and robotics courses market: ARM Holdings (United Kingdom), British Columbia Institute of Technology (Canada), Bosch Rexroth (Germany), Hennepin Technical College (U.S.), ABB (Switzerland), Amtek Industries (UAE), KUKA Robotics (Germany), Novatech Robo Pvt Ltd (India ), Siemens (Germany), and others.
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Segments
The global mechatronics and robotics courses market is segmented by platform and application. By platform segment, the market is segmented into online and offline. The application segment is classified into manufacturing, automotive, drones, space, and others. The others segment comprises of electrical and electronics application.
Regional Analysis
The global mechatronics and robotics courses market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America mechatronics and robotics courses market is anticipated to grow at the highest CAGR. Europe market accounts for a considerable share in the mechatronics and robotics courses market. Asia Pacific market is expected to grow at the highest CAGR. The rise in the number of small & medium education institutes that promote mechatronics and robotics learning and developments in robotics and mechatronics subject are some of the significant factors boosting the mechatronics and robotics courses market in the region.
Intended Audience
Technology Investors
Research/Consultancy Firms
Industrial Automation Service Providers
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Technology Investors
Researchers
Scientists
Smart Innovators
Space Science Engineers
Mechanical Engineers
Electrical Engineers
Computer Science Engineers
Robotic Technologist
Design Engineers
Gaming Professionals
Automation Industry Leaders
Healthcare Service Providers
Defence Research Professionals
Managers & Business Intelligence Experts
Advertising and Promotion Agency Executives
Professionals in Media Sector
Professors
Students
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