According to Stratistics MRC, the Global Educational Robot Market is accounted for $0.94 billion in 2019 and is expected to reach $3.42 billion by 2027 growing at a CAGR of 17.5% during the forecast period.
Research and expansion associated with humanoid robots to transform the service industry and rising demand for collaborative robots in education and industrial sectors are the major factors propelling the market growth. However, high costs associated with the purchase of educational robots are hampering the market growth.
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Educational robots are specific task-based robots that improve the scientific and technological atmosphere in schools & institutions. It transfers knowledge to its users with the help of the latest technology and AI. These robots imply effective scientific learning and serve as a companion cum teacher to kids. It teaches and provides real-world knowledge and application of math, science, programming, and engineering, thereby facilitating easy and fun learning.
Based on the type, the service robots segment is estimated to have a lucrative growth during the forecast period as these robots are used throughout all levels of education and different types of service robots are designed for different age groups engaged in education and research. Therefore, service robots are used from kindergarten to university studies, which widen its scope.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the government initiatives for advancing education, technological advancements in the field of robotics made by the regional players. Japan and South Korea are making relentless strides in the development of various types of robots.
Some of the key players profiled in the Educational Robot Market include Aisoy Robotics, Hanson Robotics, Lego Group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Robothink, Robotis , SoftBank Robotics, Macco Robotics , Idmind, Arrick Robotics, Adele Robots, Primo Toys , ABB, KUKA, FANUC, Sphero, and Ozobot & Evollve, Inc.
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Education Levels Covered:
• Special Education
• Higher Education
• Service Robots
• Collaborative Industrial Robots
Functional Abilities Covered:
• Autonomous Navigation
• Environmental Perception
• Task Perception
• Task Performance
• Other Functional Abilities
• Core Subject
• Educational Support Tools
End Users Covered:
• K-12 Schools
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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