Educational Robot Market Expected to Reach $5.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Educational Robot Market," The educational robot market was valued at $1.2 billion in 2021, and is estimated to reach $5.9 billion by 2031, growing at a CAGR of 17.4% from 2022 to 2031.

Educational robots enable students of all ages to become familiar with and deepen their knowledge of irobot root and programming, while at the same time learning other cognitive skills. Further, the educational robot is designed to introduce robotics and programming interactively to students at an early age. Educational robotics is a component of STEM (Science, Technology, Engineering, and Mathematics) education, a teaching model that combines science, mathematics, & technology and emphasizes practice over theory.

The growth of the global educational robot market size is majorly driven by the surge in demand for collaborative robots in education sectors paired with an increase in R&D related to humanoid robots to transform the service sector. Further, a rise in investment in EdTech in emerging economies is anticipated to drive the growth of the educational robot market. However, the high cost associated with educational robots acts as a prime restraint in the global market. On the contrary, the introduction of industrial robots in high schools is anticipated to provide lucrative opportunities for the educational robot industry during the forecast period. In contrast, the lack of interoperability standards in the education robotics industry imposes significant challenges on the educational robot market share.

According to the educational robot market analysis, the service robot segment was the highest contributor to the market in 2021. The secondary education and higher education segments collectively accounted for around 67.1% market share in 2021. The surge in adoption of IoT solutions in educational sectors has led to the growth of the secondary education and higher education segments; thereby, enhancing the educational robot market growth.

The outbreak of COVID-19 has significantly impacted the growth of the educational robot market, owing to its significant impact on prime market players. Conversely, a rise in demand for IoT solutions in the educational sector is anticipated to drive the market post-pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdowns implemented by various governments restrained the growth of the educational robot market. On the contrary, emerging economies significantly witness the need for smart infrastructure solutions such as doc educational talking robot that are expected to boost the educational robot market.

Region-wise, North America holds a significant share in the educational robot market, owing to the presence of prime players in this region. The adoption of next-generation AI-robot solutions is expected to propel the growth of the educational robot industry in this region. Moreover, the surge in demand for humanoid robot solutions in Asia-Pacific countries such as India, South Korea, and Japan is anticipated to drive the educational robot market trends in this region.

The key players profiled in the report include 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. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the educational robot market.