DUBLIN--(BUSINESS WIRE)--The "Educational Robot Market to 2027 - Global Analysis and Forecasts by Type; Application" report has been added to ResearchAndMarkets.com's offering.
The global educational robot market was valued at US$ 773.0 Mn in 2018 and is expected to reach US$ 3,386.5 Mn by 2027, with a CAGR growth rate of 18.2% in the forecast period from 2019 to 2027. With the growing advancements in technology, the adoption of robots in various applications is also increasing. Education systems worldwide are also focusing on enhancing teaching assistants for the children by investing in advanced techniques. The adoption of educational robots is gaining traction globally for supporting and strengthening student's skills, developing their knowledge through the design, the assembly, and the action of robots.
North America is a leading region in the global educational robot market, followed by APAC. Educators in the US have been encouraging the inclusion of STEM curriculum to address the next-gen demand for a skilled workforce, including the development of the world's next robotics as well as artificial engineering experts. However, there are several challenges, such as unequal opportunity to participate in these programs. For instance, most of the low-income schools depend on external funding to include such programs, thus lacking in introducing robots to their education system. Also, there are very few numbers of schools that have implemented robotics for every student throughout the academic year.
APAC is expected to register the highest CAGR in the educational robot market during the forecast period. Developing economies such as China and India are witnessing considerable growth in their GDPs and per capita income every year. In these nations, the use of educational robots in schools is not as common as it is in developed countries worldwide. For instance, in Indonesia, there are only a few schools that have employed robots in the learning procedures; most of these are high-profile schools, such as reputable private schools or international schools.
Several companies providing educational robots are coming up with advanced and efficient software and solutions. The growth of advanced technological robots is expected to furnish the revenue generation stream of the educational robot market. The major companies working on the development of educational robots include Aisoy Robotics, Hanson Robotics, Lego Group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Robothink, Robotis, and Softbank Robotics, among others.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Educational Robots market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, and applications.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Educational Robot Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 North America Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia Pacific Pest Analysis
4.2.4 Middle East & Africa Pest Analysis
4.2.5 South America Pest Analysis
4.3 Ecosystem Analysis
5. Educational Robot Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Focus Towards Stem Education
5.1.2 Advancements of Teaching Methods in Schools and Universities
5.2 Key Market Restraints
5.2.1 High Capital Required for Research & Development of Robots
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Humanoid Robots
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Educational Robot Market - Global Market Analysis
6.1 Global Educational Robot Market Overview
6.2 Global Educational Robot Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Educational Robot Market - By Type
7.2 Educational Robot Market Breakdown, By Type, 2018 & 2027
8. Educational Robot Market - By Application
8.2 Educational Robot Market Breakdown, By Application, 2018 & 2027
8.3 Primary Education
8.4 Secondary Education
8.5 Higher Education
9. Educational Robot Market - Geographic Analysis
9.2 North America Educational Robot Market Revenue and Forecast to 2027
9.3 Europe Educational Robot Market Revenue and Forecast to 2027
9.4 APAC Educational Robot Market Revenue and Forecast to 2027
9.5 MEA Educational Robot Market Revenue and Forecast to 2027
9.6 SAM Educational Robot Market Revenue and Forecast to 2027
10. Educational Robot Market - Industry Landscape
11. Company Profiles
11.1 Aisoy Robotics
11.2 Hanson Robotics Limited
11.3 Lego System As
11.4 Modular Robotics Incorporated
11.5 Pal Robotics S.L.
11.6 Probotics America
11.8 Robotis Co., Ltd.
11.9 Softbank Group Corp.
11.10 Qihan Technology Co. Ltd. (Sanbot)
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