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- Global Educational Robot Market
Global Educational Robot Market to Reach US$ 3.0 Billion by 2027, Propelled by the Increasing Investments in EdTech
December 01, 2022
The latest report by IMARC, titled “Educational Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, finds that the global educational robot market Size reached US$ 1.2 Billion in 2021. Educational robot refers to a learning support tool that utilizes realistic educational stimulations to help skill acquisition in students of all ages. It offers content based on technology, engineering, art, science, and mathematics or applied mathematics (STEAM) fields, in confluence with computer programming, history, linguistics, history, and geography. They improve creative problem-solving techniques and encourage the launch of essential communication and interpersonal skills and the ability to collaborate and convey complex ideas to fellow students. In recent years, educational robot has gained traction as it is widely adopted across numerous academic establishments, including schools and colleges and special-education institutes.
Global Educational Robot Market Trends:
One of the primary factors driving the market is the increasing investments in EdTech in developing nations. Additionally, the growing trend of digitization in the education sector is creating a positive market outlook. Other than this, the extensive employment of artificial intelligence (AI) and machine learning (ML) technologies in the education sector for knowledge dissemination is positively influencing the market growth. Besides this, the increasing adoption of e-learning methods, such as interactive whiteboards, is constantly increasing due to the sudden outbreak of coronavirus disease (COVID-19). In line with this, the extensive product adoption in K-12 schools on account of their effective interactive capability is propelling the market growth. Furthermore, the introduction of advanced variants with autonomous navigation and environmental sensors to detect obstacles in the vicinity, extensive investments in the education sector, and constant research and development (R&D) activities are some of the other factors catalyzing the market growth. Looking forward, IMARC Group expects the market value to reach US$ 3.0 Billion by 2027, expanding at a CAGR of 16.27% during the forecast period (2022-2027).
Market Summary:
- Based on the component, the market has been divided into hardware (sensor, actuator, power source, control system, and others) and software.
- On the basis of the product type, the market has been bifurcated into humanoid and non-humanoid.
- Based on the end user, the market has been segregated into K-12, universities, and others.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being Adele Robots, Aisoy Robotics, Arrick Robotics, Blue Frog Robotics, DST Robot Co., Hanson Robotics, Idmind, Macco Robotics, Pal Robotics, Primo Toys, Probiotics America, Qihan Technology Co., Robobuilder, Robotis, and Softbank Robotics Corp.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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