Overview and Scope
Educational robots refer to the robots that are helpful for the students in gaining their knowledge of and increase cognitive skills. It is used to assist youngsters in learning one of the fundamental cognitive skills of mathematical thinking at a young age.
Sizing and Forecast
The educational robot market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. 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 $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. 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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Segmentation & Regional Insights
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
Top Major Players
SoftBank Robotics Group Corp
Hanson Robotics Limited
ROBOTIS Co Ltd.
Aisoy Robotics
Blue Frog Robotics & Buddy
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The educational robot market report table of contents includes:
1. Executive Summary
2. Educational Robot Market Characteristics
3. Educational Robot Market Trends And Strategies
4. Educational Robot Market – Macro Economic Scenario
5. Global Educational Robot Market Size and Growth
…..
32. Global Educational Robot Market Competitive Benchmarking
33. Global Educational Robot Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Educational Robot Market
35. Educational Robot Market Future Outlook and Potential Analysis
36. Appendix
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