The latest report by IMARC, titled “Educational Robot Market Report by Component (Hardware, Software), Product Type (Humanoid, Non-Humanoid), End-User (K-12, Universities, and Others), and Region 2024-2032”, finds that the global educational robot market size reached US$ 1.6 Billion in 2023. 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$ 5.6 Billion by 2032, expanding at a CAGR of 14.2% during the forecast period (2024-2032).
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.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Component, Product Type, End-User, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Adele Robots, Aisoy Robotics, Arrick Robotics, Blue Frog Robotics, DST Robot Co., Hanson Robotics, Idmind, Macco Robotics, Pal Robotics, Primo Toys, Probotics America, Qihan Technology Co., Robobuilder, Robotis and Softbank Robotics Corp. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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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.
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