The global Educational Robots market size is expected to be worth around US$ 8.27 billion by 2030, according to a new report by Vision Research Reports.
The global Educational Robots market size was valued at US$ 860.82 million in 2020 and is anticipated to grow at a CAGR of 20.8% during forecast period 2021 to 2030.
|Market Size||US$ 8.27 billion by 2030|
|Growth Rate||CAGR of 20.8% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product type, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Aisoy Robotics; Blue Frog Robotics & Buddy; Innovation First International Inc.; LEGO System A/S; Makeblock; Modular Robotics; Pal Robotics; Pitsco Inc.; Robotis; SoftBank Robotics|
An educational robot can be defined as a learning companion that uses real-life educational models to aid students of different ages in obtaining new skills by making learning a fun process. Educational robots offer information in the fields of Science, Technology, Engineering, Art, and Mathematics (STEAM), as well as linguistics, computer programming, geography, and history. To keep young students involved, delighted, and educated, these robots can perform a variety of duties, comprising advanced mechanics, voice control, and gestures.
The pandemic forced governments to seal global borders and temporarily shut industrial operations, markets, educational institutions, and other public places in 2020. The closure of training centers, universities, schools, and the restrictions imposed on import, export, and manufacturing led to a notable drop in sales of educational robots. In addition, the high initial investment costs associated with the purchase of educational robots could hamper the growth of the market.
By Application Analysis
The higher education segment accounted for the largest revenue share of more than 36% in 2020 and is expected to maintain its leading position over the forecast period. This can be attributed to the complexities involved in building robots as older students are more rational thinkers and require complex input from the robot’s abilities.
The primary education segment accounted for a significant market share in 2020 and is projected to grow at the fastest CAGR over the forecast period. This can be attributed to the increasing need to introduce Science, Technology, Engineering, Art, and Math (STEAM) education to children under the age of 10 years to develop independent thinking, a comprehensive approach to learning, and encourage natural curiosity.
By Product Type Analysis
The global market has been segmented into humanoid and non-humanoid, based on product type. The non-humanoid segment accounted for the largest revenue share more than f 59% in 2020 and is expected to continue to dominate the market over the forecast period.
The humanoid segment is anticipated to register the fastest CAGR over the forecast period. The growth of this segment can be attributed to the high demand for humanoid robots due to their advanced features and increasing set of applications across various areas in the educational sector.
By Regional Analysis
North America dominated the market in 2020 with a revenue share of more than 33% and is anticipated to retain its position over the forecast period. The presence of major market vendors and high adoption of advanced technologies among the educational institutes owing to the rising popularity of activity-based education&changes in educational guidelines are the key factors driving the market growth in the region.
The growth of the regional market can be attributed to the increase in investments made by governments and Non-government Organizations (NGOs) in the field of robotics. For instance, Robotex India, a non-profit organization, provides robotics, Artificial Intelligence (AI), STEAM, IoT, and Machine Learning (ML) skills to students in urban as well as rural areas of India.
Blue Frog Robotics & Buddy
Innovation First International Inc.
LEGO System A/S
By Product Type
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
The Educational Robots market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Educational Robots market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Educational Robots market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Educational Robots market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Educational Robots market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Educational Robots capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Educational Robots by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Educational Robots market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Educational Robots market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Educational Robots market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Educational Robots industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Educational Robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Educational Robots market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Educational Robots market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Educational Robots market. These factors have benefited the growth of the global market for Educational Robots. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Educational Robots. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Educational Robots are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
Metaverse Market (By Product: Hardware Software, Services; By Platform: Desktop, Mobile, Headsets; By Technology: Blockchain, VR & AR, MR; By Offering: Virtual Platforms, Asset Marketplaces, Avatars, Financial Services; By Application, By End Use) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030Read more...
Core Banking Software Market (By Solution: Deposits, Loans, Enterprise Customer Solutions; By Service: Professional Service, Managed Service; By Deployment: Cloud, On-premise; By End-use: Banks, Financial Institutions) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Payment Gateway Market (By Type: Hosted, Non-hosted; By Enterprise Size: Large Enterprises, Small & Medium Enterprises; By End-use: BFSI, Media & Entertainment, Retail & E-commerce, Travel & Hospitality) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Smart Pole Market (By Component: Hardware, Software, Service; By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller; By Installation Type: New Installation, Retrofit Installation; By Application: Highways & Roadways, Public Places, Railways & Harbors) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Mobile Payment Market (By Technology: Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App; By Payment Type: B2B, B2C, B2G; By Location: Remote Payment, Proximity Payment; By End-use: BFSI, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-commerce, Transportation) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...