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Tripling of global robotics market to US$189.36 billion by 2027 and surge of AI drive STEMpedia on the hunt for future coders and innovators with Codeavour 5.0 International

STEMpedia, an innovative tech-education ecosystem that helps students master the art of coding, has successfully conducted the fifth edition of its global ground-breaking innovation fest, Codeavour 5.0 International, at the Dubai American Academy on May 4th and 5th.

Codeavour is an international Artificial Intelligence (AI), coding, and robotics competition hosted annually to encourage kids to bring out their inner programmers and make innovative projects using PictoBlox, a visual programming software to learn coding and AI. It provides a platform for students to learn and effectively utilize the latest technologies like AI, Machine Learning (ML), Augmented Reality – Virtual Reality (AR–VR), and Robotics. Codeavour 5.0 saw participants applying Pictoblox to develop innovative solutions that aligned with sustainability.

STEMpedia’s annual initiative to discover future talents occurs at a time when the global AI market is expected to grow exponentially from US$103 billion (Dh378.3 billion) in 2023 to US$1.03 trillion (Dh3.78 trillion) by 2030, according to global information services firm GlobalData, which will result in a massive demand for programmers and AI researchers.

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Moreover, robotics is implemented to improve the efficiency of major industries like healthcare and automation. As per the Ministry of Economy of the UAE, the global robotics market size is anticipated to reach US$189.36 billion (Dh695.48 billion) by 2027, tripling from US$62.75 billion (Dh230.47 billion) in 2019.

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