Global Educational Robot Market, By Component (Hardware and Software), Type (Humanoid and Non-Humanoid), Education Level (Elementary and High School Education, Higher Education and Special Education), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the educational robot market will exhibit a CAGR of 17.93% for the forecast period of 2021-2028. This means that the educational robot market value would stand tall by USD 3.61 billion by the year 2028. Rising technological advancements in the field of robotics and rising application of robots for educational purposes are the two major factors driving the growth of educational robot market.
The purpose of application of educational robots is to making learning process for students easier and more convenient. Educational robots are designed in a way that they enhance the scientific and technological atmosphere in school and similar institutions. Educational robots can be described as a culmination of activities such as physical podiums, educational philosophy, instructional curriculums and much more. Educational robots act as companion cum teachers to the students and facilitate easy and fun learning.
Rising technological advancements in the field of education to revolutionize the learning process is a major factor fostering the growth of educational robot market. Strengthening of artificial intelligence technology has generated lucrative growth opportunities for the educational robot market. Rising public and private investment for infrastructural development in educational sector is directly and positively influencing the growth of educational robot market. Increased expenditure for research and development activities on industrial robots will also bolster the growth of educational robot market. Students with autism can be more responsive to educational robots. Also, growing disabled student population will become more interactive and active in the company of educational robots. Thus, these factors will also act as market growth determinants.
However, high initial investment on educational robots will create hindrances for the market growth. High expenditure required for the research and development activities will restrain the growth for the educational robot market. Also, high operational and maintenance cost will restrain the educational robot market to grow significantly. Resistance from the teachers to use educational robots as they fear they may replace their job roles will also act as a major challenge to the growth of educational robot market.
This educational robot market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on educational robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Educational Robot Market Scope and Market Size
The educational robot market is segmented on the basis of component, type and education level. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the educational robot market is segmented into hardware and software. Hardware is sub-segmented into sensor, actuator, power source, control system/controller, body material and others. Sensor segment is further bifurcated into gyroscope, microphone, accelerometer, tilt sensor, force/torque sensor, position sensor, vision/image sensor and others. Actuator segment is further bifurcated into electrical, pneumatic, hydraulic, piezoelectric and ultrasonic.
- On the basis of type, the educational robot market is segmented into humanoid and non-humanoid.
- On the basis of education level, the educational robot market is segmented into elementary and high school education, higher education and special education.
Educational Robot Market Country Level Analysis
The educational robot market is analysed and market size, volume information is provided by country, component, type and education level as referenced above.
The countries covered in the educational robot market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is set to undergo the highest compound annual growth rate (CAGR) during the forecast period. This is because of the rising public and private investment in educational sector for infrastructural development and supportive governmental policies and increased focus of the government to reduce literacy rate. The region is considered to be one of the biggest innovators of robots. Developing countries such as India and China will emerge as the major contributors from this region.
The country section of the educational robot market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Educational Robot Market Share Analysis
The educational robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the educational robot market.
The major players covered in the educational robot market report are SoftBank Robotics, HANSON ROBOTICS LTD., Wonder Workshop, Inc, BLUE FROG ROBOTICS & BUDDY, Sanbot Innovation Technology., ROBOTIS, The LEGO Group., Pal Robotics, Probotics America, Aisoy Robotics., and IDMind – Engenharia de Sistemas, Lda, Arrick Robotics, Robobuilder Co., Ltd., and MORAVIA Consulting spol. S r.o., ABB, FANUC UK Ltd., YASKAWA ELECTRIC CORPORATION., KUKA AG, Universal Robots A/S and Robolink among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Educational Robot Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.