Increasing Use of Robots Among Children & Senior Adults to Boosts the Combat Robotic Kit Market
Rockville, Jan. 24, 2023 (GLOBE NEWSWIRE) — The combat robotic kit market is expected to be valued at US$ 179.1 million in 2023 and projected to grow at a CAGR of 10.4% during the forecast period. Robotics technology is also used for various recreational purposes which includes certain fun and as well as educational activities.
Robot battle is a robot-battle mode in which custom-built machines battle each other in a variety of ways to incapacitate each other. These robots are preferably remote-controlled vehicles rather than autonomous robots.
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Robot fighting competitions have been adapted into TV series such as Battlebots in the US and Robot Wars in the UK. These shows originally aired in the late 1990s to early 2000s and were revived in the mid-2010s. In addition to televised competitions, smaller robot fighting events, such as those organized by the Robot Fighting League, are held for live audiences.
Considering such usages of robots and the growing popularity of these kinds of games in North America and Europe is likely to drive the market growth for combat robotic kits.
Key Takeaways from Market Study
- The global combat robotic kit market is projected to reach US$ 481.6 million by 2033.
- The market witnessed 7.1% CAGR between 2018 and 2022.
- Professionals in end user segment dominates the market with 53.9% market share in 2023.
- Under type, wedges dominate the combat robotic kit market and are valued at US$ 45.9million in 2023.
- Based on region, demand for combat robotic kit expected to increase at CAGR of 10.1% in Europe during the forecast period.
- The global market is expected to garner an absolute dollar opportunity of US$ 321.2 million during the forecast period.
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The battle game of robots is a popular game in the developed countries like U.S. and U.K. These robots have witnessed a transition from being only used for TV series until now where there are championships being held for the same particular game.
The design and features of these combat robotic kits also play a major role in the battle of robots. The players can focus on upgrading the combat robotic kits by innovation in this mechanical design and also making it lighter weight by the use of proper raw materials. Such advancements in combat robotic kits will bring more consumer base increasing the profitability of manufactures.
Customization has given a free hand to the customers to demand solutions that fit their specific end use. Overall, customers have the opportunity to get customized combat robotics kit manufactured from scratch. Even local and DIY product market players have started giving such options to the customers, thus creating a trend in the global combat robotics kit market and contributing towards the market growth.
Key Companies Profiled
- Microchip Technology
- NXP Semiconductors
- Parallax, Inc.
- Pi Supply Ltd
- Seeed Technology
- SparkFun Electronics
Also, combat robotic kit manufacturers are developing competitive pricing strategies to stay ahead in competition while generating healthy profits. They are offering their products to leading players in the world championship in form of branding and marketing to get the presence to mass audience.
Segmentation of Combat Robotic Kits Industry Research
- By Type :
- Shell Spinner
- By Sales Channel :
- Online Sales
- Company / Brand Website
- e-Commerce Website
- Offline Sales
- Online Sales
- By End User :
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East and & Africa (MEA)
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Combat Robotic Kit market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type, (wedges, spinners, (vertical, horizontal, shell spinner), drumbots, rammers, crushers, others), sales channel, (online sales (company / brand website, e-commerce website), offline sales), end user (individuals, professionals) and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
Key Questions Covered in the Combat Robotic Kit Market Report
- What is the projected value of the combat robotic kit market in 2023?
- At what rate will the global combat robotic kit market grow until 2033?
- Which are the factors hampering the growth in the combat robotic kit market?
- Which region is expected to lead in the global combat robotic kit market during 2023 to 2033?
- Which are the factors driving the combat robotic kit market during the forecast period?
- What is the expected market value of the combat robotic kit market during the forecast period?
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