Global Educational Robot Market by Component, Type, Education Level, and Geography - Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Educational Robot Market by Component (Hardware and Software), Type (Humanoid and Non-Humanoid), Education Level (Elementary and High School Education, Higher Education, and Special Education), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The educational robot market is expected to reach USD 1,689.2 million by 2023 from USD 778.6 million in 2018, at a CAGR of 16.8% between 2018 and 2023.

This growth can be attributed to the use of robots for educational purposes and technological advancements in the field of robotics. However, high initial R&D expenditure restricts the growth of the educational robot market. The hardware component adds major value to the overall educational robot cost; hence, the hardware segment held a larger share of the overall educational robot market in 2017. Control systems held the largest market share in 2017.

The market for humanoids is expected to grow at a higher CAGR during the forecast period. The market for low-cost humanoids is likely to gain traction in the near future owing to the projected high growth of software. Humanoid robots have the ability to assist and even replace teachers in classrooms; hence, schools are looking forward to deploying humanoids in their classrooms to attract the attention of parents by modernizing the teaching pattern.

The higher education segment accounted for the largest share of the overall educational robot market in 2017. The cost of higher education is high, and the required specialized knowledge in education practices can only be provided with software-laced humanoids, which are expensive.

Companies Mentioned

  • Softbank
  • Robotis
  • Pal Robotics
  • Hanson Robotics
  • Qihan Technology Co.
  • DST Robot Co.
  • Probotics America
  • Wonder Workshop
  • Aisoy Robotics
  • Blue Frog Robotics
  • Adele Robots
  • Macco Robotics
  • Idmind
  • Arrick Robotics
  • Robo Builder
  • AKA
  • Arcbotics
  • Primo Toys
  • Jinn-Bot Robotics & Design
  • Kubo Robotics

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Educational Robot Market, By Component

7 Educational Robot Market, By Type

8 Educational Robot Market, By Education Level

9 Educational Robot Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/xwxpsg/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Robotics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Robotics