Solar Robot Kit Market Rising at 32.50% CAGR to 2021

Solar Robot Kit market report considers the retail selling price is considered as the average selling price of the product.

The solar robot kit market report forecast the market by regions, type and application, with sales and revenue, from 2017 to 2021. The latest trend gaining momentum in the solar robot kit market is Science fairs and events stimulating interest in STEM-related careers in Europe. The STEM skills gap in European countries has widened in comparison to other regions. European countries are focusing on organizing more science fairs, exhibitions, and events, which will encourage students to develop their skills and interest in STEM-related jobs.

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The analysts forecast global solar robot kit market to grow at a CAGR of 32.50% during the period 2017-2021. Key players in the global solar robot kit market: Edu-Science, Elenco Electronics, OWI, Solarbotics, and TEDCO. Other Prominent Vendors in the market are: Embo, Robotics Gate, Seeed Development, and Thames & Kosmos.

According to the solar robot kit market report, one of the major drivers for this market is Increase in adoption of activity-based learning methods in schools. Within the education market, activity-based learning is gaining traction due to the growing number of educational institutions that are adopting technologically advanced pedagogical methods in their curricula. A substantial part of academic activities focuses on practical assignments and experiments due to a stronger focus on STEM subjects. The forecast period will see an increase in the emphasis on methods that can help institutions combat challenges such as technological barriers and high costs related to performing experiments and practical assignments, which hinder the knowledge-sharing process.

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The report analyses robot kits market that are solar-powered and eliminate the need for batteries for operation. They are used for educational purposes as a part of curricula, as well as a toy or hobby kit. The analysts conducted a preliminary study that showed that the demand for such solar robot kits has been proliferating, as they are relatively low-priced compared with battery-powered robot kits, and can be easily operated by students. With the emergence of new paradigms in education, institutions across the world are introducing new educational methodologies in science, technology, engineering and mathematics (STEM) education.

Further, the solar robot kit market report states that one of the major factors hindering the growth of this market is Threat from counterfeit products. Counterfeit products emerging in the market and can replace the relatively expensive original products. The key factor that is encouraging the production of such counterfeit products is the low production cost. Manufacturers of these products pack them in a way that is similar to original branded products, tricking retailers and consumers into thinking that they are purchasing authentic products.

List of Exhibits
Exhibit 01: Parent Market
Exhibit 02: Global Entertainment Robots Market
Exhibit 03: Market Characteristics
Exhibit 04: Market Segments
Exhibit 05: Market Definition - Inclusions and Exclusions Checklist
Exhibit 06: Market Size 2016
Exhibit 07: Validation Techniques Employed For Market Sizing 2016
Exhibit 08: Global Market Size and Forecast 2016-2021 ($ Mn)
Exhibit 09: Major Areas of Focus By Vendors of Solar Robots
Exhibit 10: Global Year-Over-Year Growth 2017-2021 (%)
Exhibit 11: Five Forces Analysis
Exhibit 12: Application Market Share 2016-2021 (%) and more..

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Release ID: 277348