Market Size –
The educational robot market size has grown rapidly in recent years. It will grow from <b>$1.71 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. </b> The growth in the historic period can be attributed to focus on active learning methods, globalization of education, government initiatives in education, evolving pedagogical approaches, increased emphasis on stem education.
The educational robot market size is expected to see rapid growth in the next few years. It will grow to <b>$4.06 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. </b> The growth in the forecast period can be attributed to rise of online and remote learning, focus on social-emotional learning, personalized learning paths, application in early childhood education, professional development for educators, focus on data security and privacy. Major trends in the forecast period include rise of coding and programming education, adoption of collaborative and social robots, integration of artificial intelligence (ai), security and privacy considerations, market expansion in emerging economies.
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Scope Of Educational Robot Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Educational Robot Market Overview
Market Drivers –
The increase in adoption of smart devices is expected to propel the growth of the education robot market going forward. A smart device refers to a device that connects to an app, the internet, a local network, or another device using a wireless connection. The robots would connect wirelessly with a variety of Apple iOS and Google Android mobile devices using Bluetooth 4.0 which helps students to gain educational insight. For instance, in December 2022, according to Software Testing Help, an Indian-based software testing, and services organization, there would be around 7.62 billion humans on the planet, by the year 2022 with an increasing graph of IoT devices, and around 20 billion IoT smart devices up and running with an increase in the demand of 5g network. Therefore, the increasing adoption of smart devices is driving the growth of the educational robot market.
Market Trends –
Technological advancements are a key trend gaining popularity in the educational robot market. Major companies operating in the educational robot market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, iRobot Corp., a US-based technological company that designs and markets educational and other robots, launched Create 3 educational robots. Create 3 Educational Robots is based on the Roomba i3 Series robot vacuum platform and offers educators and advanced makers a dependable, out-of-the-box alternative to expensive and labor-intensive robotics kits that involve assembly and testing. Instead of cleaning people’s homes, the robot is intended to encourage higher-level research for those interested in advancing their education or profession in robotics.
The educational robot market covered in this report is segmented –
1) By Type: Service Robot, Industrial Robot
2) By Component: Hardware, Software
3) By Application: Primary Education, Secondary Education, Higher Education, Other Applications
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Regional Insights –
North America was the largest region in the educational robot market in 2023. Asia Pacific is expected to be the fastest-growing region in the educational robot market report forecast period. The regions covered in the educational robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the educational robot market report are SoftBank Robotics Group Corp, Hanson Robotics Limited, ROBOTIS Co Ltd., Aisoy Robotics, Blue Frog Robotics & Buddy, LEGO System A/S, PAL Robotics, Wonder Workshop Inc., Makeblock, Modular Robotics, ABB Ltd., FANUC Corporation, YASKAWA Electric Corporation, KUKA, Universal Robots, Robolink, Advanced Robotics for Manufacturing, BrainCo, CoderZ, Cubic Robotics, Dobot Robots, Edisun Microgrids, EdTech Robotics, EZ-Robot, Fable, Gakken Classroom Global, Hexbug, iFlytek, Kano, KUBO Robotics, Learning Resources
Table of Contents
1. Executive Summary
2. Educational Robot Market Report Structure
3. Educational Robot Market Trends And Strategies
4. Educational Robot Market – Macro Economic Scenario
5. Educational Robot Market Size And Growth
…..
27. Educational Robot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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