ROCKVILLE, Jan. 24, 2023 (GLOBE NEWSWIRE) — The combat robot kit market is expected to appreciate $179.1 million in 2023 and expected grow at a CAGR of 10.4% during the forecast period. Robotic technology is also used for various recreational purposes, including certain fun and educational activities.
Robot Battle is a robot battle mode in which custom-built machines fight each other in various ways to incapacitate each other. These robots are preferably remote controlled vehicles rather than autonomous robots.
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Robot combat competitions have been adapted into television 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 the televised competitions, smaller robot fighting events such as those organized by the Robot Fighting League are held for live audiences.
Considering this usage of robots and the growing popularity of this type of games in North America and Europe, the market growth for combat robot kits is likely to be impelled.
Important insights from the market study
- The global combat robot kits market is expected to reach $481.6 million until 2033.
- The market witnessed 7.1% CAGR between 2018 and 2022.
- Professionals in the consumer segment also dominate the market 53.9% market share in 2023.
- Under the type, wedges dominate the combat robot kit market and are valued $45.9 million in 2023.
- Based on region, the demand for Combat Robot Kit is expected to increase at a CAGR of 10.1% in Europe during the forecast period.
- The global market is expected to accumulate an absolute dollar possibility of $321.2 million during the forecast period.
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market development
Robot fighting game is a popular game in developed countries like USA and UK. These robots have seen a transition from just for TV series to now where championships are held for the same specific game.
The design and characteristics of these battle robot kits also play a major role in the battle of the robots. Players can focus on upgrading the battle robot kits by innovating in this mechanical design and making them lighter by using appropriate raw materials. Such advances in combat robot kits will bring a larger consumer base and increase manufacturers’ profitability.
competitive landscape
Customization has given customers a free hand to demand solutions that fit their specific end use. Overall, customers have the opportunity to get a customized combat robotic kit made from scratch. Even local and do-it-yourself market players have started offering such options to customers, creating a trend in the global combat robotics kits market and contributing to the market growth.
Important companies in profile
- AdvanceTech
- Aerotenna
- Binary Bots
- DFRobot
- microchip technology
- microelectronics
- NXP semiconductor
- Parallax, Inc.
- Pi Supply Ltd
- seed technology
- SparkFun electronics
Also, combat robot kit manufacturers are developing competitive pricing strategies to stay ahead of the competition while making healthy profits. They offer their products to leading players in the World Cup in the form of branding and marketing to gain exposure to mass audiences.
Segmentation of the Combat Robotics Kits industry research
- By Type :
- wedges
- crackhead
- Vertical
- Horizontal
- shell spinner
- drum bots
- pounder
- crusher
- Other
- By sales channel:
- online sales
- Corporate/Brand Website
- Ecommerce Website
- offline sale
- online sales
- By End User:
- By region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and & Africa (MEA)
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More valuable insights on offer
Fact.MR presents in its new offering an unbiased analysis of the global Combat Robotic Kits market, presenting historical market data (2018-2022) and forecast statistics for the period 2023-2033.
The study reveals key insights by type, (wedges, spinners, (vertical, horizontal, shell spinners), drum bots, rammers, crushers, other), distribution channel, (online sales (company/brand website, e-commerce Website). ), offline sales), end users (individuals, professionals), and in major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
Important Key questions covered in Combat Robotic Kit market report
- What is the forecast value of Combat Robot Kits Market in 2023?
- How fast will the global combat robot kits market grow by 2033?
- What factors are restraining the growth of the combat robot kits market?
- Which region is expected to lead the global Combat Robot Kits Market between 2023-2033?
- What factors are driving the Combat Robot Kits market during the forecast period?
- What is the expected market value of the Combat Robot Kits Market during the forecast period?
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