Educational Robot Market: Global Industry Analysis and Forecast (2022-2029)

Educational Robot Market size was valued at US$ 1.30 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 16.2% from 2022 to 2029, reaching nearly US$ 4.32 Bn.

Educational Robot Market Overview:

Educational Robot Market is expected to reach US$ 4.32 Bn. by 2029. Robotics education teaches students how to create, analyse, apply, and operate robots. Robots can bring kids into the classroom who might otherwise be unable to attend. This report focuses on the different segments of the Educational Robot market (Type, Component, Education Level, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a comprehensive examination of today's rapid advancements in a variety of areas. The major data analysis for the historical era from 2017 to 2020 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Educational Robot are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Educational Robot market. Educational Robot Market To know about the Research Methodology:-Request Free Sample Report Impact of COVID-19 on the Educational Robot Market: The COVID-19 pandemic, a deadly respiratory disease that began in China and has now spread throughout the world, has had an impact on the educational robot market. This problem has impacted most educational robot makers, and it is expected to have a medium-term impact. The majority of this is due to the temporary closure of robotics-related institutions, universities, and training institutes. As a result, sales have decreased among market players. For example, ABB (Switzerland) Robotics & Discrete Automation segment's revenue fell 26% in Q2 2020 compared to the same period in 2019, owing in part to the impact of COVID-19. However, the situation improved in Q3 2020, with a decrease of only 3% compared to the same time in 2019.

Educational Robot Market Dynamics:

Humanoid robot research and development to change the service industry. Humanoid robots are now the smallest section of the service robot business, but they have the potential to revolutionise the service industry. Human-looking robots have been developed by companies such as Softbank Robotics Group (Japan) and PAL Robotics (Spain) for use as medical assistants and educational aids. Humanoid robots are currently thriving in the medical field, particularly as companion robots. Researchers are developing ways for transferring robot code to a different humanoid robot. Because software is such an important component of humanoid robots, university researchers are working on new software solutions. C-Learn, for example, is a machine learning technique created by MIT's Computer Science and Artificial Intelligence Laboratory. Non-coders may teach robots movements and tasks using C-Learn by supplying some basic information about the objects being controlled and then showing the robot a single demonstration on how to accomplish the task. Purchase of educational robots comes at a high price. For schools and colleges, establishing a robotic education centre might be difficult, especially for those with no past experience. Not only is a large capital investment required for the acquisition of the robot, but also for its integration and maintenance. Additional infrastructure in terms of safety, networking, and power distribution may be necessary in some circumstances, increasing the overall cost of deployment. Institutions may not always have the space or infrastructure required for robot deployment. Capital investment might be a difficult possibility for a company, particularly if it does not have any ties to the robot maker. This problem is exacerbated in developing countries, where educational institutions have even less financial resources to invest in robotics. Robot manufacturers may not have a strong presence in developing countries, making it difficult for them to provide support and maintenance to educational institutions. A single collaborative robot system can range in price from 3,000 to 50,000 dollars. A standard industrial robot costs significantly more, ranging from USD 15,000 to USD 50,000, omitting the purchase of accessories such as a robotic cell, end effectors, and vision systems. Humanoid robots created for special needs students. Humanoid robots may readily establish an empathetic bond with little children, motivate and inspire them to engage in physical and mental activities, and help them develop social and emotional abilities. Humanoid robots are already being utilised to conduct successful inclusive practises and enhance education for kids with disabilities such as autism and emotional and behavioural issues through the Individualized Education Program (IEP). Humanoid robots can express a wide range of emotions, which can assist youngsters overcome shyness, reluctance, and impatience, boosting social skills, confidence, and self-esteem. Humanoid robots help students accept special education in a typical classroom setting by cultivating positive attitudes and perspectives. Robots Could Be Excellent Tutors Although it will take some time for everyone to accept the idea that robots could be teachers, the truth is approaching. This is due to a teacher shortage, and some colleges and schools lack the resources to provide appealing and motivating salaries. As a result, many graduates hunt for work in other fields. Until robots are evolved to the point where they can ensure social connections, they could assist teachers in their work. Teachers who responded to surveys on the subject are in favour of robot tutors or teaching aids. They even admit that they believe robots will do an excellent job judging students' essays or tasks. So, while many teachers believe that robots will disrupt the entire teaching process, this is not the case. Because artificial intelligence is a rapidly evolving field, robots will continue to advance. This means that, in addition to immediate access to any material on the internet, new characteristics and functions will be developed. The latest robotics breakthroughs demonstrate that robots can be human-like. Social Cues Would Be Inaccessible to Robots Robots would be unable to read social signs in the current state of technological progress. However, as many teachers point out, teaching is more than just passing on material to kids. Or about assigning and marking assignments and examinations. No, teaching entails much more. Teaching entails forming a social bond with your students by assisting them anytime they require assistance. Sometimes students do not even ask for assistance. This is why teaching is one of the most humane professions available. Identifying and helping students who require assistance is an important component of the teaching job. It is robots who are unprepared for this. Yes, they can quickly respond to queries and provide you with the most scientifically sound and confirmed answers, but they can't detect social indicators in students.

Educational Robot Market Segment Analysis:

The Educational Robot Market is segmented by Type, Component, and Education Level. Based on the Type, the market is segmented into Service Robots, and Industrial Robots. Service Robots segment is expected to hold the largest market share of xx% by 2029. All sorts of service robots are intended for students and researchers of various ages. As a result, service robots are used in a wide range of settings, from kindergarten to university. For example, the JIMU robot from UBTECH Robotics (China) is designed for middle school pupils. The Softbank Robotics Group's (Japan) NAO robot can be used as a teaching assistance in kindergartens and for robotics research at universities. Educational Robot Market Based on the Component, the market is segmented into Hardware, and Software. Hardware segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Different electrical, electronic, and structural components make up the educational robotic hardware system. Any educational robot's hardware is its most important component. Hardware functions differ between industrial and service robots. Industrial robot hardware is designed for speed, repeatability, and managing big payloads. Hardware for service robots, on the other hand, is designed for dexterity and intelligent movement. Based on the Education Level, the market is segmented into Elementary and High School Education, Higher Education, and Special Education. Higher Education segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the difficulties of building robots, as older kids are more rational thinkers who demand complicated input from the robot's abilities. Furthermore, the growing demand for robots in research and development projects with real-world applications is boosting this segment's market share. Elementary and High School Education segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the growing need to promote Science, Technology, Engineering, Art, and Math (STEAM) education to children under the age of ten years old in order to foster autonomous thinking, a holistic approach to learning, and natural curiosity.

Educational Robot Market Regional Insights:

The North American region is expected to dominate the Educational Robot Market during the forecast period 2022-2029. The North American region is expected to hold the largest market share of xx% by 2029. The presence of significant market vendors, as well as a high adoption of advanced technologies among educational institutes as a result of the increasing popularity of activity-based education and changes in educational rules, are key drivers driving market growth in the region. Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The increase in government and non-government organisations (NGOs) investments in robotics could be attributed to the growth of the regional market. Robotex India, for example, is a non-profit organisation that teaches kids in India's urban and rural areas about robots, artificial intelligence (AI), STEAM, IoT, and machine learning (ML). Digital India, MSH, NSDC, Ministry of IT & Electronics, Government of India, UNEP, European Union, FICCI FLO, and other international and national government organisations are supporting and funding the programme. The region's increased technical awareness is expected to drive the educational robot market growth in the Asia Pacific region. Educational Robot Market The objective of the report is to present a comprehensive analysis of the Global Educational Robot Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Educational Robot Market dynamic and structure by analyzing the market segments and projecting the Global Educational Robot Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Educational Robot Market make the report investor’s guide.

Educational Robot Market Scope:Inquire before buying

Global Educational Robot Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.30 Bn
Forecast Period 2022 to 2029 CAGR: 16.2% Market Size in 2029: US $ 4.32 Bn
Segments Covered: by Type • Service Robots • Industrial Robots
by Component • Hardware • Software
by Education Level • Elementary and High School Education • Higher Education • Special Education

Educational Robot Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Educational Robot Market Key Players

ABB (Switzerland) • FANUC (Japan) • YASKAWA (Japan) • KUKA (Germany) • Universal Robots (Denmark) • Softbank Robotics Group (Japan) • Hanson Robotics (China) • ROBOTIS (South Korea) • Robolink (US) • Probotics America (US) • ROBOTERRA (US) • Hyulim Robot (South Korea) • Techman Robot (Taiwan) • DJI (China) • Seiko Epson (Japan) • PAL Robotics (Spain) • UBTECH Robotics (China) • Pitsco (US) • Sanbot Innovation (China) Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Educational Robot Market? Ans. North America is expected to hold the highest share in the Educational Robot Market. 2] Who are the top key players in the Educational Robot Market? Ans. ABB (Switzerland), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), and Universal Robots (Denmark) are the top key players in the Educational Robot Market. 3] Which segment is expected to hold the largest market share in the Educational Robot Market by 2027? Ans. Service Robots segment is expected to hold the largest market share in the Educational Robot Market by 2029. 4] What is the market size of the Educational Robot Market by 2029? Ans. The market size of the Educational Robot Market is expected to reach US $ 4.32 Bn. by 2029. 5] What was the market size of the Educational Robot Market in 2021? Ans. The market size of the Educational Robot Market was worth US $ 1.30 Bn. in 2021.
1. Global Educational Robot Market: Research Methodology 2. Global Educational Robot Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Educational Robot Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Educational Robot Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Educational Robot Market Segmentation 4.1 Global Educational Robot Market, by Type (2022-2027) • Service Robots • Industrial Robots 4.2 Global Educational Robot Market, by Component (2022-2027) • Hardware • Software 4.3 Global Educational Robot Market, by Education Level (2022-2027) • Elementary and High School Education • Higher Education • Special Education 5. North America Educational Robot Market (2022-2027) 5.1 North America Educational Robot Market, by Type (2022-2027) • Service Robots • Industrial Robots 5.2 North America Educational Robot Market, by Component (2022-2027) • Hardware • Software 5.3 North America Educational Robot Market, by Education Level (2022-2027) • Elementary and High School Education • Higher Education • Special Education 5.4 North America Educational Robot Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Educational Robot Market (2022-2027) 6.1. Europe Educational Robot Market, by Type (2022-2027) 6.2. Europe Educational Robot Market, by Component (2022-2027) 6.3. Europe Educational Robot Market, by Education Level (2022-2027) 6.4. Europe Educational Robot Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Educational Robot Market (2022-2027) 7.1. Asia Pacific Educational Robot Market, by Type (2022-2027) 7.2. Asia Pacific Educational Robot Market, by Component (2022-2027) 7.3. Asia Pacific Educational Robot Market, by Education Level (2022-2027) 7.4. Asia Pacific Educational Robot Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Educational Robot Market (2022-2027) 8.1. South America Educational Robot Market, by Type (2022-2027) 8.2. South America Educational Robot Market, by Component (2022-2027) 8.3. South America Educational Robot Market, by Education Level (2022-2027) 8.4. South America Educational Robot Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Educational Robot Market (2022-2027) 9.1 Middle East and Africa Educational Robot Market, by Type (2022-2027) 9.2. Middle East and Africa Educational Robot Market, by Component (2022-2027) 9.3. Middle East and Africa Educational Robot Market, by Education Level (2022-2027) 9.4. Middle East and Africa Educational Robot Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 ABB (Switzerland) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 FANUC (Japan) 10.3 YASKAWA (Japan) 10.4 KUKA (Germany) 10.5 Universal Robots (Denmark) 10.6 Softbank Robotics Group (Japan) 10.7 Hanson Robotics (China) 10.8 ROBOTIS (South Korea) 10.9 Robolink (US) 10.10 Probotics America (US) 10.11 ROBOTERRA (US) 10.12 Hyulim Robot (South Korea) 10.13 Techman Robot (Taiwan) 10.14 DJI (China) 10.15 Seiko Epson (Japan) 10.16 PAL Robotics (Spain) 10.17 UBTECH Robotics (China) 10.18 Pitsco (US) 10.19 Sanbot Innovation (China)

About This Report

Report ID 24364
Category Information Technology & Telecommunication
Published Date JAN 2020
Updated Date Aug 2022
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