Market Research Report
Global Educational Robot Market - 2021-2028
|Global Educational Robot Market - 2021-2028|
Published: January 7, 2022
Content info: 180 Pages
Delivery time: 2 business days
The global educational robot market size was worth US$ XX million in 2020 and is estimated to record significant growth by reaching up to US$ XX million by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Educational robotics, also known as pedagogical robotics, is a discipline that aims to teach kids to robotics and programming through hands-on activities starting at a young age. Educational robotics provides students with everything they need to build and program a robot capable of performing numerous baby and primary education tasks.
Educational robotics is a part of STEM (Science, Technology, Engineering and Mathematics) education, combining science, mathematics and technology while emphasizing practice over theory.
There are numerous educational robots available now for children and teenagers. The most well-liked are Makeblock mBot, Robo Wunderkind, OWI 535, LEGO Mindstorms EV3 and others.
Growing technological advancements in education have created immense demand for educational robots in the forecast period. Widespread adoption of different learning techniques such as e-learning techniques, including teaching robots, digital whiteboards and flip classrooms
Growing technological advancements in the field of education have created immense demand for educational robots in the forecast period
Robots are characterized as a collection of sensors, control systems, power supply and software. Designing, creating, programming and testing robots are examples of developmental tasks that combine physics, mechanical engineering, electrical engineering, structural engineering, mathematics and computing.
Until a decade ago, robots were thought to be a source of entertainment. Due to recent technological advancements in artificial intelligence, robots are increasingly employed in various sectors, including industrial, agricultural, manufacturing and education. Artificial intelligence is also making inroads into higher education.
For instance, MobyMax employs artificial intelligence to create tailored lesson plans and curricula for kids in grades K through 8. It also includes activities and contests to keep kids motivated and involved. Mathieu, an AI-based math tutor for higher levels of math education, was developed by Carnegie Learning.
Widespread adoption of different learning techniques such as e-learning techniques, including teaching robots, digital whiteboards and flip classrooms
Between 2017 and 2020, the global eLearning market grew by 200 percent, reaching US$250 million in value. It is estimated to reach well over US$300 million by 2025. The number has increased as per last estimated. The sudden outbreak of COVID-19 has escalated the market for the e-learning platform, thereby creating opportunities for other techniques such as teaching robots, digital whiteboards and flip classrooms.
So far, the most obvious relationship between the developing trend in educational robots and eLearning has been the potential impact of "telepresence robots," which are robots that are both mobile and employ video technologies to recognize and converse with people in the real world.
For instance, the Kubi Telepresence Robot offers an affordable, portable and entertaining Distance Learning option for today's changing educational environment. The distinctive feature of Kubi for Distance Learning is that it allows students to look about remotely with 300 degrees of pan and 90 degrees of tilt while on a video chat, allowing them to observe and engage with teachers, other students, school nurses, coaches and family members.
The high purchasing cost of educational robots is the major challenge impacting the growth of the market
Establishing a robotic education center might be difficult for schools and colleges, especially those with no experience. Not only does the robot cost high money to buy, but it also costs a lot of money to integrate and maintain. Additional infrastructure in terms of safety, networking and power distribution may be necessary for some circumstances, which might push up the overall cost of deployment.
Institutions may not always have the space or infrastructure required for robot deployment. Capital investment might be difficult for a company, particularly if it does not tie the robot maker. The problem is exacerbated in developing countries, where educational institutions have even less money to spend on robotics leading to hampering the market growth for the product in the forecast period in developing regions
The COVID-19 pandemic, a deadly respiratory disease that began in China and has now spread globally, has impacted the educational robot business. The problem has impacted most educational robot makers and it is projected to have a medium-term impact. The market damage is mostly due to the temporary shutdown of robotics-related institutions, universities and training institutes. As a result, market participants have seen a decrease in sales.
For example, ABB Switzerland Robotics's & Discrete Automation segment's revenue fell 26% in Q2 2020 compared to the same period the previous year, partly due to the impact of COVID-19.
The global educational robot market is segmented based on type, component, end-user and region.
Humanoid robots are expected to dominate the global education robots market in the forecast period due to tremendously growing technological advancements.
The global educational robot market based on type is segmented into humanoid and non-humanoid. Humanoid robots are expected to dominate the global education robots market in the forecast period due to tremendously growing technological advancements.
Humanoid robots are one of the smallest segments of the service robot business, but they have many potentials to change the service industry. Human-looking robots have been developed by companies such as Softbank Robotics Group (Japan) and PAL Robotics (Spain) for use as medical assistants and instructional aids. Humanoid robots are currently thriving in the medical field, particularly as companions. Humanoid robots serve youngsters with specific needs in a small but devoted market.
Furthermore, humanoid robots use PBL (Project-Based Learning) methodologies to present new and interesting pedagogical themes. They assist students in developing problem-solving and analytical abilities, which are necessary for success in a knowledge-based, high-tech culture.
For instance, Pepper and Nao, two humanoid robots from Softbank Robotics Group in Japan, provide advanced platforms for the in-depth research of human-machine interaction, cognitive computing and autonomous navigation in the service industry, including personalized educational activities students in schools.
Asia-pacific is expected to grow in educational robots market in the forecast period due to increasing government measures to advance education in the region
Asia-pacific is expected to grow in educational robots market in the forecast period due to increasing government measures to advance education in the region. Furthermore, regional players' technological developments in robotics present prospects for incorporating educational robots into the study curriculum. Japan and South Korea continue to make significant progress in creating various types of robots.
As a result, APAC will likely outperform the North American market for educational robots during the projection period. Furthermore, on the other side, the North American Market is expected to participate heavily in implementing Educational Robot. The position can be due to the region's vast number of existing users. As a result, North America is regarded as the market's major participant, as it is likely to contribute significantly to overall revenue during the forecast period.
The educational robot market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth include Sanbot Innovation Technology, SoftBank Robotics, HANSON ROBOTICS LTD, The LEGO Group, Wonder Workshop, Inc, BLUE FROG ROBOTICS, Arrick Robotics, ROBOTIS, Pal Robotics, Probiotics America and among others. The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the growth of the educational robot market globally.
For instance, on March 05, 2020, SoftBank Robotics America (SBRA) announced the launch of Tethys, an educational integrated development environment specially designed to teach students coding.
HANSON ROBOTICS LTD
Overview: Hanson Robotics is a robotics and artificial intelligence firm focused on producing living, intelligent machines that improve people's lives. The company creates well-known robot characters, such as Sophia, the world's first robot citizen, that serve as artificial intelligence platforms for scientific research, education, healthcare, sales and service, entertainment and other research and service applications.
Little Sophia: Sophia's younger sister, Little Sophia, is the newest member of the Hanson Robotics family. She's a 14-inch tall robot companion who turns learning STEM, coding and AI into a fun and gratifying adventure for youngsters aged 8 and above. Sophia can walk, talk, sing, play games and even tell jokes.
For instance, on January 30, 2019, Hanson Robotics Limited has created human-like robots, announced their next innovation in consumer robots: Little Sophia. Little Sophia is an instructional companion that teaches STEM, coding and artificial intelligence (AI) with a charming personality and unparalleled Sophia the Robot features.
Visualize the global educational robot market segmentation by type, component, end-user and region highlight key commercial assets and players.
Identify commercial opportunities in the global educational robot market by analyzing trends and co-development deals.
Excel data sheet with thousands of global educational robot market-level 4/5 segmentation points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global educational robot market report would provide approximately 61 market data tables, 54 figures and 180 pages.
Target Audience 2022
Service Providers/ Buyers
Education & Research Institutes