The Worldwide Educational Robot Industry is Expected to Reach $3.2 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Educational Robot Market by Type (Humanoid Robots, Collaborative Industrial Robots), Component (Sensors, End Effectors, Actuators, Controllers), Education Level (Higher Education, Special Education) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global educational robot market size is expected to grow from USD 1.4 billion in 2022 to USD 3.2 billion by 2027, at a CAGR of 17.3% during the forecasted period.

Software is the fastest growing segment of educational robot market during the forecast period

New software solutions are being developed for use in industrial and service robots. Industrial robots require preventive maintenance because multiple robots are functioning at the same time. 5G connectivity is now also being tested for networking industrial robots. For service robots, AI plays a vital role in advancing humanoid robots for functions such as movement, speech recognition and object identification. Hence, the market for software components is expected to grow at a faster rate during the forecast period.

Special education segment is the fastest growing segment of educational robot market by 2027

The educational robot market for special education is expected to grow at the highest CAGR between 2022 and 2027. Humanoid robots hold a niche but dedicated market for catering to children with special needs. Collaborative robot technology is also being explored for assisting differently abled people. In some cases, collaborative robots are being used as assistive arms for differently abled people. Their inherently safe design allows them to be used alongside humans. Their penetration is currently limited. Kinova Robots (Canada) is one of the very few companies that has developed assistive robots using collaborative robot technology.

Europe is the second fastest growing market for educational robot during the forecast period

Unlike many countries in Europe, universities in the UK have an English-dominant curriculum, which makes it an attractive destination for foreign students looking to get a degree in robotics. Educational institutions in the UK also collaborate with other educational centers worldwide to strengthen educational partnerships with other countries.

This enables the collaboration of students from different universities in robotics projects as well as the sharing of new developments across universities in the field of robotics.

Also, the education sector in the UK has already shifted to a digital learning environment, which is facilitating robotics education in schools. Apart from Germany, Italy is the only country in Europe that houses robotics companies, such as Comau and CMA Robotics. These instances are the few driving factors enabling the growth of educational robot market in Europe.

Market Dynamics

Drivers

• Increasing Deployment of Robots in Manufacturing Industries to Promote New Job Opportunities
• Surging Demand for Collaborative Robots in Education and Industrial Sectors
• Growing Research and Developments Related to Humanoid Robots to Transform Service Sector

Restraints

• High Costs Associated with Educational Robots

Opportunities

• Introduction of Industrial Robots in High Schools
• Designing Humanoid Robots for Students with Special Needs

Challenges

• Lack of Interoperability Standards in Robotic Industry
• Difficulties Faced by Training Centers to Conduct Hands-On Training

Companies Mentioned

• ABB
• Aisoy Robotics
• DJI
• Fanuc
• Hanson Robotics
• Hyulim Robot
• Kuka
• Pal Robotics
• Pitsco
• Probotics America
• Robolink
• Roboterra
• Robotis
• Sanbot Innovation
• Seiko Epson
• Softbank Robotics Group
• Techman Robot
• Ubtech Robotics
• Universal Robots
• Wonder Workshop
• Yaskawa

For more information about this report visit https://www.researchandmarkets.com/r/so8xel