Global Online Mechatronics and Robotics Courses Market - Segmented By Course Type, End-user, and Region - Growth, Trends, and Forecast (2018 - 2023)
The Online Mechatronics and Robotics Courses Market is witnessing a CAGR of 12.1%, during the forecasted period of (2018 - 2023).
The scope of this report is online courses related to the field of robotics and mechatronics. The Online Mechatronics and Robotics Courses are provided by a member of reputed academies for free or on subscription basis. Some of the major players are Coursera, Khan Academy, and Udacity, among others. North America is the major region for the Online Mechatronics and Robotics Courses market. There is an increasing demand for mechatronics and robotics courses as these fields have found vital application in fields, like automobiles, automation, sensors, and monitoring systems, among others.
High Demand for Skilled Mechatronics and Robotics Labor
Research and development in the field of robotics and Mechatronics is increasing. Increasing activity in this field has led to requirements for skilled labor. Owing to the demand and increasing opportunities in this field, demand has increased for online mechatronics and robotics courses. The reason for an increasing demand for online courses is the ability to study at ones accord and flexibility in time frame. This is the major driver for the increasing trend of online mechatronics and robotics courses. Online courses are highly economical as compared to classroom courses, which becomes another driver for opting online courses over classroom based courses.
Changing Technology Requires Continuous Retraining
Research and development in the mechatronics and robotics department is vigorously pacing which asks for continuous training in this field. The highly developing field is thus, supported by courses offered by various players online. The labor force can learn new techniques and information simultaneously while working and this is easily possible with online courses. Fast developing technology is one of the major drivers for the growth of online mechatronics and robotics courses market.
North America is the Largest Region
In North America, due to high demand and adoption of robotic technologies, the robotics market is proliferating. According to MIT statistics North America accounts for 44% for the enrollments of its courses. This shows that North America is the largest region of market share for online Mechatronics and Robotics courses. New and improving technologies in robotics are pushing the market demand for online courses as these courses provide updated information and easy access to advanced technologies. Universities, like MIT, ARM, and, Yale, among others are increasingly providing online courses with certifications, which increases the credibility of the courses and thus, increases their demand. Asia- Pacific is the second region in the mechatronics and robotics courses market due to increasing industrial uses and applications bases on robotics and mechatronics.
Key Developments in the Market
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