The global educational robots market is witnessing a
substantial increase in revenues. The market growth attributes to the
continuous progression in robotics over the past few years. Besides, advances
in technologies such as AI and machine learning are transforming robots'
capabilities to communicate and collaborate with humans. Moreover, increasing
automation in the education sector escalates market growth.
In its educational robots research report, Market Research
Future (MRFR) asserts that the market is projected to garner a valuation of USD 1,540.28 MN by 2023. MRFR also
mentions that the global educational robots market is
estimated to register an impressive CAGR during the review period (2018 –
2023). The rising adoption of educational robotics for training in domestic and
commercial sectors accelerates the growth of the market.
Additionally, reduced prices of robots and increased
development of smaller & mobile robots influence the educational robots
market growth. Furthermore, the growing trend of smart or connected online
education infrastructures plays a significant role in the development of the
market.
Global Educational Robots Market- Competitive Analysis
Highly competitive, the educational robots market appears to
be fragmented due to the presence of several well-established players. These
players incorporate strategic initiatives such as acquisition, collaboration,
partnership, expansion, and product/ technology launch to maintain their
positions and gain a competitive advantage in this market.
These players focus on new product developments and
geographical expansion. The market is predicted to witness relentless
innovations and new products, resulting in intense competition among
manufacturers.
Major Players:
Players leading the educational robots market are Blue Frog
Robotics (France), SoftBank (Japan), Aisoy Robotics (Spain), ROBOTIS (South
Korea), QIHAN Technology Co. (China), ST Robot Co. (South Korea), PAL Robotics
(Spain), Hanson Robotics (Hong Kong), Probotics America (US), Ozobot &
Evollve, Inc. (US), Wonder Workshop (US), Modular Robotics (US), and Makeblock,
Co. Ltd (China), among others.
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Global Educational Robots Market- Segmentation
By Component : Hardware
(Sensors, CPUs, Control Systems, Actuators, others) and Software.
By Type : Humanoid
and Non-Humanoid.
By Application :
Formal Education (robot teachers and robot assistants) and Informal
Education.
By End User :
Elementary & High School Education, Higher Education, and Special
Education.
By Regions
: Americas, Europe, Asia Pacific, and Rest-of-the-World.
Global Educational Robots Market- Regional Analysis
North America dominates the global educational robots market.
The largest market share attributes to augmented usage of the internet and
smart connected devices, including tablets and mobiles. Besides, the
proliferation of social media platforms and technological advancements in the
region drive the growth of the market. Moreover, the sturdy research and
development scenario accelerate the educational robots industry growth in North
America.
The Asia Pacific region stands second in the global
educational robots market. The market growth is driven by the escalating
adoption of educational robots in the region. Additionally, enormous spending
on research and development of robotics, AI, machine learning, and cognitive
technologies increases the regional market size, driving educational robots'
adoption.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Educational Robots Market, By Segments
7.
Competitive Analysis
Continued…
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I Like to add one more important thing here, The Educational Robots Market is expected to be around US$ 1974 Million by 2025 at a CAGR of 17% in the given forecast period.
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