The global educational robots market size was valued at USD 843.82 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 19.8% from 2021 to 2028. Educational robots form an environment where children can interact with their environment and work with real-world problems; in this sense, educational robotics can be a great tool for children to have constructionist learning experiences. Students’ creative problem-solving and communication & interpersonal abilities can all improve as a result of working with them. As a result, these robots are widely used in special-education institutes, schools, and universities that provide higher education.
The pandemic forced governments to seal global borders and temporarily shut industrial operations, markets, educational institutions, and other public places in 2020. The closure of training centers, universities, schools, and the restrictions imposed on import, export, and manufacturing led to a notable drop in sales of educational robots. In addition, the high initial investment costs associated with the purchase of educational robots could hamper the growth of the market.
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Key Player Mentioned:
- Aisoy Robotics
- Blue Frog Robotics & Buddy
- Innovation First International Inc.
- LEGO System A/S
- Makeblock
- Modular Robotics
- Pal Robotics
- Pitsco Inc.
- Robotis
- SoftBank Robotics
Product Segment Analysis:
- Humanoid
- Non-Humanoid
Application Segment Analysis:
- Primary
- Secondary
- Higher
- Others
However, the ongoing technological developments in the field of robotics and the widespread adoption of e-learning systems are expected to drive the growth of the market in the near future. The increasing adoption of robots for the improvement of kids’ communication skills is also boosting the product demand. In addition, factors such as a rise in the number of educational robot startups and increasing investments by non-government & government organizations in educational robotics, are expected to offer major growth opportunities to the market over the forecast period.
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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The market has a fragmented competitive landscape as it features various global and regional players. Leading industry players are adopting strategies, such as partnerships, collaborations, acquisitions & mergers, and agreements, to survive the highly competitive environment and expand their business footprints. Moreover, providers are spending extensively on R&D activities to develop advanced products and integrate new technologies and features in their offerings.
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