Educational Robots Market Research Report Analysis, Demand 2027
Market
Insight
The Educational
Robots Market is anticipated to develop with a higher percentage of CAGR
while achieving revenues worth USD 1,540.28 Million by 2023 from USD 625.34
million in 2017. Educational robots play an integral role in the education
sector. The global educational robots market depends on this factor
significantly, which has primarily initiated the market towards growth graph.
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It is the robotics technology that impacts the educational
robots market, which keeps progressing continuously and strives for higher CAGR
in the assessment period. The increasing automation in the education sector
stands as one of the prime drivers for the market, which has enabled to adapt
the needs of modern age study along with new additions as well. By this,
currently, it has become more comfortable for the teachers to teach students
and make their job easier in many ways. On the other side, the classrooms are
becoming modern and have become the talking point of the industry, which has
propelled the educational robots market over the years. Further, this factor
has also been embracing automation in a significant way, which is anticipated
to take the market towards high growth level during the forecast period.
One of the chief driving
factors in the market is the increasing research & development in the
robotics sector and playing as a substantial factor in the proliferation of
global educational robots market. Educational robotics has improved
infiltrating in robotic systems in every industrial sector, which has paved
ways for more opportunities to come in the foreseeable years. Therefore, the
progressive development of advanced and efficacious robotic systems is liable
to become a significant driver for the educational robots market over the
forecast period.
In the latest, the
development of humanoid robots has shown a whistle-stop growth in the market
and can bring a significant opportunity for key players in the coming years
with the high adoption rate of educational robotics. However, due to the cost
limitations, the market can witness a stifle growth graph in the coming years.
Industry Segments
The educational robots
market globally has been segmented by component, type, application, and end-use.
In terms of component, the
market is segmented into hardware and software, where the hardware segment is
further categorized into sensors, CPUs, control systems, actuators, and others.
In terms of type, the
market is split into humanoid and non-humanoid.
In terms of application,
the market covers formal and informal education.
Major end-users segment
includes elementary and high school education, higher education, and special
education.
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Detailed Regional Outlook
Geographical-wise, the
global educational robots market has been studied under the regions of North
America, Europe, Asia Pacific, and the Rest Of the World.
North America is
acknowledged to emerge as a leader in the educational robots market over the
prediction period owing to the early adoption of the technology. The U.S. has
the largest market share where highly promising research scenario in the
robotics sector has eventually helped the growth of the educational robots
market. Furthermore, factors such as augmented usage of tablets, mobiles,
social media, and technical advancements in the North American region are the
main factors that attribute to it becoming the largest region in this market.
Also, the sturdy research and development scenario in the U.S. is likely to
make it the lead of regional market for educational robots over the forecast
period.
APAC region has observed
to be showing immense growth in the forecast period, making it the
fastest-growing region with steady progress in countries such as China. The key
market players keep prioritizing the high-volume market in order to maximize
their profits in this region. Hence, Comau, an Italian company, recently launched
e.DO, a robotic to learn STEM as well as humanities topics, in China.
Key Players
SoftBank
(Japan), BLUE FROG ROBOTICS (France), Aisoy Robotics (Spain), QIHAN Technology
Co. (China), ROBOTIS (South Korea), ST Robot Co. (South Korea), Hanson Robotics
(Hong Kong), PAL Robotics (Spain), Probotics America (US), Wonder Workshop
(US), Ozobot & Evollve, Inc. (US), Makeblock, Co. Ltd (China), and Modular
Robotics (US) are the leading players in the educational robots market.
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