Fairfield Market Research Educational Robot Market Size, Sales, Share, Forecasts By 2030

Educational Robot Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Information & Communications Technology

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This study intends to unfurl the multiple facets of global educational robot market. The insights offered in the report aid in market growth examination during the forecast period.

Thriving Boom Around STEM Education Augurs Well for Educational Robot Market

Since the past several years, education sector has been continuously evolving with rapid proliferation of technology. New age technologies have penetrated the classrooms thus re-shaping the way of learning. This led to the advent and deployment of educational robots which are said to improve the tutoring of students by providing necessary support and creating an interactive platform of learning. Educational robots can enable students to improve their skills in Science, Technology, Engineering, and Math (STEM). In addition, introduction to robotics at an early age can make a significant difference in the attitude and thinking of the student from a future technology standpoint, which can provide better career options. Educational robots can ensure development of basic cognitive skills at an early age and can help deepen the knowledge of students regarding programming and robotics in general. This factor continues to influence the growth of the educational robot market on the global front.

Rising Deployment for Robots in the Educational Sector to Bolster Educational Robot Market Expansion

Collaborative robots are gaining high traction in the industrial and educational sector. Universities have been exploring ways to utilize the full potential of collaborative robots in different industrial sectors by revealing new applications and use cases, improving robot efficiency and enhancing existing applications. In addition, companies are helping schools with industrial robotics for educational purposes to help students gain practical technical knowledge instead of pure theory. Also, colleges and universities are investing in and deploying educational robots to educate students and incorporate necessary skills and technical know-how needed to enter workforce. This factor remains instrumental in driving the growth of the educational robot market.

Furthermore, the development of humanoid robots is expected to fuel the growth of the educational robot market. Humanoid robots can develop an empathetic bond with children thus motivating and inspiring them to engage in their mental and physical activities. In addition, they also help students to improve their emotional and social skills. They can also express a range of emotions that can help students in improving their personalities and overcome impatience, shyness, and reluctance. That said, deployment of humanoids is expected to bode well for the educational robot market.

Asia Pacific Likely to Prevail as a Leader in Global Educational Robot Market

Rising government initiatives to improve literacy rate in Asia Pacific continue to influence the adoption of educational robot in the region. In addition, the technology adoption in the region, especially across countries such as Japan, China, and India, has paved potential avenues for the educational robot market. The field of robotics has been evolving rapidly across emerging economies in Asia Pacific region, which is poised to further enhance the functioning and efficiency of educational robots in the region’s educational sector. For instance, according to the International Federation of Robotics, use of robots in various applications including education is witnessing an upsurge across developed countries and the emerging economies in Asia Pacific. Furthermore, the installation of educational robots in the industrial sector to provide knowledge to workers and employees has also increased in the region. This factor coupled with the region’s high lucrativeness from a manufacturing standpoint and rapid growth in the industrial sector is expected to offer new opportunities for the educational robot market in the forthcoming years.

Rising student and customer pool owing to increasing population across countries such as India and China are providing lucrative growth prospects for the Asia Pacific educational robot market. Furthermore, government initiatives in India such as the establishment of Atal Tinkering Laboratories in schools in the country in order to foster curiosity, imagination and creativity in young talents remains a vital factor in driving the demand for educational robots. Under this ATL initiative, children would get an opportunity to use different tools and work with equipment in order to comprehend all advanced concepts of Science, Technology, Engineering and Math (STEM). They would be equipped with learning and educational kits comprising of robotics and other tools. This factor is poised to provide an opportunistic pathway for the educational robot market in the region. In addition, being a lucrative regional pocket, several players in the educational robot market are eyeing to expand their footprint in the region, in turn complementing market growth.

Educational Robot Market: Competitive Scenario

New product launches, collaborations, partnerships and alliances by key players have been witnessed in the educational robot market. For instance, in March 2022, new CRX-20iA/L, CRX-25iA and CRX-5iA collaborative robots were launched by FANUC as latest addition to the company’s CRX series. This portfolio addition will strengthen the company’s business across the European market. Same year in October, EZ-Robot and School Specialty entered into a strategic reseller partnership in order to expand the reach in the United States for educational robots while equipping students with AI skills and robotics. In August 2022, research and development activities have been initiated in Google’s laboratories to develop AI software which can incorporate number of language models to support human beings achieve daily tasks. This effort by the company was mainly to fulfil the requirements of humanoid robots. In October 2021, a master distribution agreement with RAG-Stiftung’s subsidiary United Robotics Group was signed by SoftBank Robotics for sales, maintenance and services of NAO & Pepper robots across European countries. Same year in November, Sevensense Robotics AG, and ABB partnered to provide next gen autonomous mobile robots.

A few of the major players in the educational robot market include ABB, UBTECH Robotics, FANUC, KUKA, Robolink, YASKAWA, Universal Robots, Hanson Robotics, SoftBank Robotics Group, Sanbot Innovation Technology Ltd., Blue Frog Robotics, and Wonder Workshop.

The global educational robot market is segmented as below:

By Type

  • Service Robot
    • Humanoid
    • Non-Humanoid
  • Industrial Robot

By Component

  • Hardware
    • End Effectors
    • Robotic Arms
    • Sensors
    • Controllers
    • Power Source System
    • Actuators
    • Others
  • Software

By Education Level

  • Elementary and High School Education
  • Higher Education
  • Special Education

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Educational Robot Market

  • Educational Robot Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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