PUBLISHER: Acute Market Reports | PRODUCT CODE: 1236711
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1236711
Consumer robots have been a part of human life for decades and been used either in the form of personal assistance robots or remotely controlled industrial tools. With technological advancements, robot manufacturers are not just focusing on developing robots for performing household or factory tasks but also for intuitively and seamlessly connecting and interacting with humans. Educational robots in this context is no different and has been an area garnering significant interest on the part of robot manufacturers in recent years. There has been great progress in education systems, methodologies, curriculums for teaching delivery, as well as learning models over the past decade. Educational institutions across the world are deploying international learning standards and models for improving the quality of education by adopting educational robots in schools.
One of the most prominent factors complimenting the educational robots market growth is technological advancement in the field of robotics. Numerous types of robots are finding application in the area of education. They range from simple "microprocessor on wheels" robots, to advanced toolkits, to humanoids. Moreover, with growing concerns pertaining to the availability of talented teachers, the demand for educational robots is expected to witness high adoption across educational institutions in the years to come.
Majority of educational institutes are facing with the problem of lack of qualified educational professionals, prompting them to adopt educational robots as a promising alternative. Therefore, with increasing investment from educational institutions in robotic technologies coupled with growing focus to develop robots that can be fully integrate with the education curriculum, the educational robot market is set witness robust growth during the forecast period. Moreover, expansion of various robotic start-ups primarily focusing on generating new ideas, technologies and innovations is expected to positively impact the educational robots market growth. Therefore, these factors in combination are expected to drive the demand for education robots during the forecast period.
However, high initial R&D expenditure is expected to remain a restraint for the educational robots market growth. Moreover, as educational robots involve human interaction and used by children, therefore safety concerns exist. Thus, the absence of safety standards is another factor impacting the educational robots market growth negatively. However, these hurdles and concerns are expected to lower down in the coming years with advancements in technology and growing adoption.
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
Key Players Identified in the educational robots market include but are not limited to:
RAWrobotics, Dexter Industries, ArcBiotics, Parallax Inc., rero, Robots in Schools Ltd. (EDBOT), fischertechnik GmbH, RoboThink, Robotical Ltd., The LEGO Group (LEGO education), Modular Robotics Incorporated, MRT International Limited, Aisoy Robotics, Blue Frog Robotics & Buddy, Innovation First International Inc., Pal Robotics, Pitsco Inc., Robotis, SoftBank Robotics, ABB Ltd. (Switzerland), FANUC Corporation (Japan), YASKAWA Electric (Japan), KUKA (Germany), Universal Robots (Denmark), Hanson Robotics (China), Robolink (US), UBTECH Robotics (China), Seiko Epson, Hyulim Robot, Probotics America, Sanbot Innovation, Kinderlab Robotics, Soapbox Labs, RobotLAB, Wonder Workshop, Macco Robotics, Adele Robots, IDMind, Robobuilder, Others.
Recent Developments:
In March 2022, FANUC launched the new CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots, the latest additions to its popular CRX series that includes the CRX-10iA and CRX-10iA/L collaborative robots. This will strengthen the business in the European market and offers a wide range of applications including inspection, machine load/unload, packing, palletizing, sanding, welding, training, and others.
In November 2021, ABB entered into a partnership with Sevensense Robotics AG to offer next-generation autonomous mobile robots. The partnership aims to offer customers high levels of flexibility as mobile robots would be able to navigate autonomously in dynamic indoor and outdoor environments.
In October 2021, SoftBank Robotics has signed a Master Distribution agreement with United Robotics Group (URG), a subsidiary of the RAG-Stiftung in Essen for sales, services, and maintenance of Pepper & NAO robots in Europe
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Educational Robots market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Educational Robots market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Component
Hardware
Software
Type
Humanoid
Non-humanoid
Education level
Elementary and High School Education
Higher Education
Special Education
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Educational Robots market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Educational Robots market?
Which is the largest regional market for Educational Robots market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Educational Robots market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Educational Robots market worldwide?