The global demand for Educational Robot Market is presumed to reach the market size of nearly USD 6.58 MN by 2028 from USD 2.03 MN in 2021 with a CAGR of 18.3% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Thousand Units in 2021 and forecast to touch XX Thousand Units by 2028 with a CAGR of XX% during 2022-2028.
The educational robot is a learning support tool designed to help students of all ages learn new skills using realistic educational simulations. Educational robots are designed to enhance the scientific and technological atmosphere in schools and similar institutions. Educational robots deliver content in the fields of science, technology, engineering, art, and mathematics (STEAM), along with computer programming, linguistics, history, and geography. Educational robots act as companions cum teachers to the students and facilitate easy and fun learning.
Market Dynamics
The field of education is getting revolutionized due to the recent technological advancements in the learning process, making it easier and more convenient for students of all ages. These robots are widely used in elementary schools, higher educational institutes, and special education organizations and propel market growth. Also, the growing disabled student population will become more interactive and active in the company of educational robots. Thus, these factors are anticipated to together push the educational robot market growth uphill. In addition, rising public and private investment in educational infrastructure development directly and positively influence the growth of the educational robot market. Furthermore, increased expenditure for research and development activities on industrial robots will also bolster the growth of the educational robot market. However, the high initial investment in educational robots will hamper the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of educational robot. The growth and trends of Educational Robot Industry provide a holistic approach to this study.
Market Segmentation
This section of the educational robot market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Service Robot (Humanoid, Non-Humnoid)
- Industrial Robot
By Component
- Hardware (Robotics Arms, End Effectors, Actuators/Drives, Controllers, Sensors, Power Source System, Others)
- Software
By Educational Level
- Elementary And High School Education
- Higher Education
- Special Education
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Educational Robot market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Educational Robot Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the educational robot market include ABB Ltd. (Switzerland), FANUC Corporation (Japan), YASKAWA Electric (Japan), KUKA (Germany), Universal Robots (Denmark), SoftBank Robotics Group (Japan), Hanson Robotics (China), ROBOTIS (South Korea), Robolink (US), UBTECH Robotics (China). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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