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A31331 | Pages: 251 | Charts: 64 | Tables: 236 |
The Global Educational Robot Market was valued at $1.2 billion in 2021 and is projected to reach $5.9 billion by 2031, growing at a CAGR of 17.4% from 2022 to 2031.
Educational robotics is an enhanced teaching solution designed to help students to learn the design, analysis, application, and operation of robots. Educational robotics includes humanoid and non-humanoid applications that can be taught from elementary school to graduate programs. Further, AI-robotics solution in education sectors is used to motivate and facilitate the learning of various computer programming, artificial intelligence, and engineering design solution. The rise in demand for next-generation irobot root technology solutions from the primary to higher education sector has led to the growth of the education robot market. As students progress through the doc educational talking robot, educational robots can provide a variety of benefits.
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The educational robot market share is expected to witness notable growth during the forecast period, owing to a rise in investment in EdTech in emerging economies. Furthermore, the surging demand for collaborative robots in education sectors has driven the educational robot market growth. Moreover, growing research and developments related to humanoid robots to transform the service sector are expected to propel the educational robot market growth during the forecast period.
However, the high costs associated with educational robots are one of the prime factors that restrain the educational robot market outlook. On the contrary, the introduction of industrial robots in high schools is expected to provide lucrative opportunities for the growth of the educational robot market during the forecast period. Further, the lack of interoperability standards in the education robotics industry is imposing significant challenges on the market in the coming years
The educational robot market is segmented into Type, Component, and End User.
[TYPEGRAPH]
On the basis of type, the educational robot market size is divided into service robots and industrial robots. The service robot segment dominated the market, in terms of revenue, in 2021, and is expected to follow the same trend during the forecast period.
[COMPONENTGRAPH]
Based on components, the educational robot market forecast is bifurcated into hardware and software. The hardware segment acquired the largest share in 2021, and the BFSI segment is expected to grow at a high CAGR from 2022 to 2031.
[ENDUSERGRAPH]
By end user, the educational robot industry is segmented into primary education, secondary education, higher education, and others. The higher-education is the main contributor in the market in 2021 and is expected to grow at a higher rate during the forecast years.
[REGIONGRAPH]
Region-wise, the educational robot market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Netherlands, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global educational robot industry. Major organizations and government institutions in the country are intensely putting resources into technology.
Competitive analysis and profiles of the major educational robot market players that have been provided in the report include, such as Fanuc Corporation, ABB Ltd., YASKAWA Electric, KUKA, Universal Robots, SoftBank Robotics Group, Hanson Robotics, Robotis, Robolink, Ubtech Robotics, Seiko Epson, Hyulim Robot, Probotics America, Aisoy Robotics, Sanbot Innovation, Kinderlab Robotics, and Soapbox Labs.
Key Market Segments
Key Market Players