Global Mechatronics and Robotics Courses Market Highlights Over 2022 - 2031

The global mechatronics and robotics courses market garnered significant revenue in the year 2021 and is projected to grow at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. The growth of the market can be primarily attributed to the growing student population and rising need for mechatronics and robotics amongst the original equipment manufacturer (OEM). For instance, approximately 950 degrees were handed out in the year 2021 in this field of study in the United States. Besides, the incessant adoption of automation technologies among multiple industries in order to minimize errors is anticipated to drive market growth. Furthermore, the active investment by government as well as private companies in research and development activities is considered to influence market growth.

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Mechatronics is a branch of study that comprises electronics, computer engineering, mechanical engineering, systems engineering, and control engineering among other disciplines, wherein robotics is a subset of mechatronics. The increasing popularity of mechatronics and robotics workshops organized by online coaching providers, educational establishments, and original equipment manufacturers (OEMs) is one of the recent trends gaining traction in the mechatronics and robotics courses industry.

The global mechatronics and robotics courses market is bifurcated into platforms and applications. The platform segment is further divided into online courses and offline courses. Although the offline courses segment held the largest market share before the advent of the coronavirus pandemic, the segment of the online course has gained generous popularity amid the pandemic and is anticipated to grow at a higher CAGR over the forecast period. The growth of the segment can be attributed to the institutions providing online degrees in the field of mechatronics and robotics and making the learning process convenient for student. Further, the growing popularity, and equal recognition to online degree is providing high job prospects which is anticipated to drive the growth of the segment.

Global Mechatronics and Robotics Courses Market Regional Synopsis

Regionally, the global mechatronics and robotics courses market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Among these, Europe witnessed the largest market share in the year 2021 on the back of the rapid adoption of mechatronics and robotics technologies by manufacturing companies and rising student demand for formal mechatronic and robotic courses. On the other hand, the market in the Asia Pacific is estimated to witness noteworthy growth by growing at a higher CAGR over the forecast period. As a result of improving educational infrastructure, rising demand among students for multiple courses, and advancing technologies in the region, the market is anticipated to show higher growth in the Asia Pacific region. As per a report published by the World Bank Group, in the year 2018, Asia Pacific accounted to 7 of the top 10 performing education systems worldwide.

Market Segmentation

Our in-depth analysis of the global mechatronics and robotics courses market includes the following segments:

By Platform

• Online course

• Offline course

By Application

• Manufacturing

• Aerospace

• Automotives

• Drones

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Mechatronics and Robotics Courses Market

Growth Drivers

• Surge in application of mechatronics amongst OEMs

• Increasing investments in research and development activities

• Growing student population

• Growing adoption of automation technologies

Challenges

• Lack of equipment in the teaching set up

• High cost of courses

Key Companies Dominating the Global Mechatronics and Robotics Courses Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global mechatronics and robotics courses market that are included in our report are Arm Limited, Bosch Rexroth AG, Hennepin Technical College, ABB Ltd., Novatech Robo Pvt Ltd., Neato Robotics, Inc., Siemens, KUKA AG, YASKAWA ELECTRIC CORPORATION, and Mechatronics Labs S.r.l. among others.

Latest Developments in the Global Mechatronics and Robotics Courses Market:

• 02 September 2021: Neato Robotics, Inc. added a new feature through which the Neato robots will understand voice commands with Google Assistant. Moreover, this integration also supports multiple languages. 

• 06 July 2021: ABB announced that it has joined Open Manufacturing Platform (OMP) with the aim of promoting innovation in manufacturing and accelerating the digital transformation by enabling more value based robotic automation for companies.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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