Mechatronics and Robotics Courses Market Size was valued at USD 4.5 Billion in 2022. The Mechatronics and Robotics Courses market industry is projected to grow from USD 5.0 Billion in 2023 to USD 13.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.20% during the forecast period (2023 - 2032).Increased demand for mechatronics and the manufacturing industry is the key market driver enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for mechatronics and robotics courses is driven by the increasing need for mechatronics in the production sector. It is an interdisciplinary field of control, electrical, and mechanical engineering, and embedded systems. Mechatronics works with applications of modern systems and control methods to practical situations. Some of the mechatronics systems include aircraft autopilot, cruise control, and anti-lock braking systems (ABS).
Additionally, making equipment is a complex task, but robotics assistance can make it easy and efficient. Automation in industries is leading the way to grow and stand in this market. The efficient use of these technologies is reaching its peak during the forecast period. The increasing need for automation in industries is helping the markets to emerge hence being another important driver of the mechatronics and robotics courses market. The mechanism, functions, and operations of robotics have been enhanced through this technology. Human error, low productivity, and inefficiency issues are resolved through the adoption of these courses. In the coming years, the use of robotics in injuries will improve Mechatronics and Robotics Courses Market Profit.
The cost of deploying mechatronics and robotics is a growth-holding factor in this market. The COVID-19 outbreak is leading to less funds in the market. Only a few small and medium enterprises have a greater need for Mechatronics and robotics. But huge costing can impede growth.
For instance, an increase in the application of mechatronics and robotics in OEMs (Original Equipment Manufacturers) is one of the prime factors driving demand for mechatronics and robotics courses. Many cost-effective and highly capable robotic platforms have achieved a grip over this market by providing students with the concepts of science, math, and engineering applicable to all grade levels. This consequently has raised the number of workshops conducted to see-through these concepts, along with the practical learning of mechatronics and robotics. Thus, driving the Mechatronics and Robotics Courses market revenue.
The Mechatronics and Robotics Courses market segmentation, based on platform, includes online and offline. The online segment dominated the market, accounting for the maximum market revenue. This is because the institutions are offering online degrees for mechatronics and robotics courses and making learning easier and more convenient for students. Additionally, the growing popularity and equal recognition of online degrees are providing high job prospects, which are anticipated to drive the growth of the segment.
Figure 1: Mechatronics and Robotics Courses Market, by Platform, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Mechatronics and Robotics Courses market segmentation, based on application, includes manufacturing, automotive, drones, space, and others. The manufacturing category generated the most income. Since robots are extensively used in industrial automation for tasks such as assembly, material handling, painting, welding, and quality control, they assist in improving efficiency, precision, and productivity in manufacturing processes. Furthermore, the automotive industry is always involved in boosting the market; robotics in this market contributes to production speed, improved quality, and enhanced worker safety.
Additionally, drones and space are capturing the market too, since drones incorporate mechatronic systems for flight control, navigation, and payload management, and for space, mechatronics and robotics play an important role in exploration and satellite technology for tasks such as satellite deployment, space station assembly, extravehicular activities, sample collection, and exploration of planetary surfaces.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Mechatronics and Robotics Courses market area will dominate this market. North America is the initial user of this technology. The availability of Mechatronics and Robotics Courses Market Players is advantageous to the market growth. Other than this, many technological developments are expected in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MECHATRONICS AND ROBOTICS COURSES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s Mechatronics and Robotics Courses market accounts for the second-largest market share due to the increasing demand for solutions in the automotive sector. Further, the German Mechatronics and Robotics Courses market held the largest market share, and the UK Mechatronics and Robotics Courses market was the fastest-growing market in the European region.
The Asia-Pacific Mechatronics and Robotics Courses Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the surging demand for mechatronics and robotics courses in the education sector. Moreover, China’s Mechatronics and Robotics Courses market held the largest market share, and the Indian Mechatronics and Robotics Courses market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Mechatronics and Robotics Courses market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Mechatronics and Robotics Courses industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Mechatronics and Robotics Courses industry to benefit clients and increase the market sector. In recent years, the Mechatronics and Robotics Courses industry has offered some of the most significant advantages to medicine. Major players in the Mechatronics and Robotics Courses market, including Ametek Industries, Novatech Robo Pvt Ltd, Hennepin Technical College, KUKA Robotics, British Columbia Institute of Technology, and Bosch Rexroth, are attempting to increase market demand by investing in research and development operations.
Novatech Robo is one of the major robotic companies established in the year 2010 with the motto of training the student community with advanced technology and the latest innovations and among the students of developing and underdeveloped countries on par with developed countries understanding the basic steps of Robot Building which comes from hands-on practice. The aim of the Novatech is to assist every child to upgrade ahead with their dreams and understand the basic concepts of manufacturing that one can excel with practice. The company and STEaM education program make this easier for all school students to become budding Roboteers, Makers, Inventors, and even Entrepreneurs. The Novabot Kit is intelligent startup content for a full STEaM education program Leading to Drone Technology, 3D printing, IoT, Electronics, and Artificial Intelligence.
KUKA Robotics is a maker of robotic systems headquartered in Augsburg, Germany, offering a wide range of industrial robots and robot systems. And also offers a vast range of products, including industrial robots; automated manufacturing systems, including system components, tools, and automated manufacturing cells; assembly lines and engine transmission assembly systems for cars; and engineering services to its customers. The company’s wide services are consumed all over the industries, including retail, automotive, energy, metal, electronics, consumer goods, food, and healthcare, among others. It has operations in Europe, the Americas, APAC, and among others.
May 2022: The Indian Institute of Technology Gandhinagar, together with L and T Technology Services Limited, an engineering services company, is likely to collaborate to incubate and develop solutions in Artificial Intelligence (AI) and mechatronics sector. The delegations from LTTS and IITGN discussed plans to set up labs, carry out joint projects, include students through internships and other mechanisms, and conduct workshops and seminars in smart manufacturing, robotics, bio-mechatronics, and ‘intelligent’ products and systems.
May 2022: Governor Kathy Hochul made an announcement about the grand opening of the Finger Lakes Workforce Development Center on Monroe Community College's Downtown Campus. The $11.4 million, 50,000-square-foot, state-of-the-art Finger Lakes Workforce Development Center focuses on short-term and accelerated, technology-oriented training programs that place individuals in high-demand jobs within advanced manufacturing, information technology, skilled trades, apprenticeship-related instruction, and professional services.
December 2020: Gamma Skills Automation Training Has Launched a Unique Robotics and Automation Career Launch Program for Engineers. This program is optimized for the best output and involves 40 days of intense hands-on practice in a lab equipped with the world's leading Industrial Robots, Collaborative robots, PLC, and & other Automation systems.
Online
Offline
Manufacturing
Automotive
Drone
Space
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4.5 Billion |
| Market Size 2023 | USD 5.0 Billion |
| Market Size 2032 | USD 13.7 Billion |
| Compound Annual Growth Rate (CAGR) | 13.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Platform, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Ametek Industries, Novatech Robo Pvt Ltd, Hennepin Technical College, KUKA Robotics, British Columbia Institute of Technology, and Bosch Rexroth. |
| Key Market Opportunities | R&D leading to more mechatronics and robotic courses and huge growth opportunities |
| Key Market Dynamics | Efficient equipment making since it’s a difficult task, robotic assistance makes it easier. |
Mechatronics Robotics Courses Market Highlights:
Frequently Asked Questions (FAQ) :
The Mechatronics and Robotics Courses market size was valued at USD 4.5 Billion in 2022.
The market is projected to grow at a CAGR of 13.20% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are Ametek Industries, Hennepin Technical College, Novatech Robo Pvt Ltd, British Columbia Institute of Technology, KUKA Robotics, and Bosch Rexroth.
The online platform dominated the market in 2022.
The manufacturing industry had the largest share of the market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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