Market Analysis —
The global educational robots market is predicted to surpass USD 1540.28 million at 17.36% CAGR over the estimated years (2018-2023). Educational robot is an umbrella term which covers a wide array of robotic tools that are used in the education sector for various purposes. It includes the assortment of activities, physical platforms, pedagogical philosophy and educational resources. These robots help in supporting and strengthening students’ skills and developing their knowledge with the design, creation, operation and assembly of robots. Educational robots have innovative engineering and up-to-date computing power. It can be controlled through apps as well as using gestures and voice.
There are ample factors that is boosting the growth of the educational robots market. These factors in accordance to the Market Research Future (MRFR) report include increasing use for educational purposes, advancements in technology in robotics, growing need for humanoid robots, huge potential especially in developing countries, progressive development of efficacious and more advanced robotic systems, increasing R&D in the robotics sector and increasing automation in the education sector. On the contrary, high initial expenditure on research and development, concerns regarding kids’ safety, and reluctance of teaching staff in incorporating robots fully into their curriculum are factors that may hinder the growth of the educational robots market over the estimated years.
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MRFR report offers a wide segmental analysis of the educational robots market on the basis of type, component, end-use, and application.
Based on component, the educational robots market is segmented into software and hardware. The hardware segment is again segmented into actuators, control systems, CPUs, sensors and others. Of these, the hardware segment will lead the market over the estimated years and is predicted to be the fastest growing.
Based on type, the educational robots market is segmented into non-humanoid and humanoid robots. Of these, humanoid robots are predicted to have the largest share in the market over the estimated years. This is owing to the increasing demand for educational robots from the education sector.
Based on application, the educational robots market is segmented into informal education and formal education. The formal education segment is again segmented into robot teaching assistants and robot teachers. Of these, the formal education segment will domineer the market over the estimated years while the informal education segment will grow at the fastest pace.
Based on end-use, the educational robots market is segmented into special education, higher education and elementary and high school education. Of these, the elementary and high school education segment will have a major share in the market over the estimated years.
Leading players profiled in the Educational Robots Market include Modular Robotics (US), Makeblock, Co. Ltd (China), Ozobot & Evollve, Inc. (US), Wonder Workshop (US), Probotics America (US), PAL Robotics (Spain), Hanson Robotics (Hong Kong), ST Robot Co. (South Korea), ROBOTIS (South Korea), QIHAN Technology Co. (China), Aisoy Robotics (Spain), BLUE FROG ROBOTICS (France), and SoftBank (Japan).
By region, the educational robots market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, North America will have an upper hand in the market over the estimated years owing to early adoption of educational robots in this region. This technology is already commonplace especially in the US. The immensely promising research scenario in robotics has fueled the educational robots market growth. The strong R&D scenario here is predicted to boost the market growth in this region. The educational robots market in the APAC region is projected to be highly promising over the estimated years owing to strong progress in China. A good number of leading players in this market are prioritizing the APAC market that has a high volume for maximizing their profits.
May 2019- Advanced Robotics for Manufacturing (ARM) will fund 11 new robotic projects. The new aspects of this program will align with the Work and Learn educational programs of ARM for transitioning spouses, veterans and military personnel for engaging individuals in classroom, internship and online training as a pathway towards a high-value career in manufacturing.
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LIST OF TABLES
Table 1 Global Educational Robots Market, By Region, 2018–2023
Table 2 North America: Educational Robots Market, By Country, 2018–2023
Table 3 Europe: Educational Robots Market, By Country, 2018–2023
Table 4 Asia-Pacific: Educational Robots Market, By Country, 2018–2023
Table 5 Rest Of The World: Educational Robots Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Educational Robots Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Educational Robots Market
FIGURE 4 Value Chain Of Global Educational Robots Market
FIGURE 5 Share Of Global Educational Robots Market In 2017, By Country (In %)
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