The global Educational Robot Market size is expected to reach USD 5.55 billion by 2030, growing at a CAGR of 24.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth in the market can be attributed to the increasing preference for interactive learning methods in educational institutions. These robots incorporate real-life educational models to facilitate skill acquisition and offer a wide range of information in subjects like STEAM, computer programming, linguistics, history, and geography. In addition, the incorporation of advanced mechanics, voice control, and gestures keep young students engaged while enhancing their educational experience.
This,
in turn, is expected to drive the market growth over the forecast period.The
rise of Artificial Intelligence (AI) technology and its integration into
robotics has transformed the global education industry by providing
personalized learning experiences and increased access to education while
reducing the workload on teachers. Moreover, educational robots are being
programmed to suit students' individual needs, which has further improved K-12
learning, specifically for students with special needs. For instance, Children
with Autism Spectrum Disorder (ASD) can be supported better by technologically
advanced robots in the learning of social and communication skills. Such
technological advancements are anticipated to propel the market growth over the
forecast period.
In
addition, the companies are entering into partnership and collaborative
agreements to develop new and enhanced offerings to gain a competitive edge in
the market. For instance, in February 2023, AAEON Technology Inc., a
manufacturer of industrial and embedded computing platforms, partnered with
PlayRobot to launch a development kit for educational robots. This educational
robot kit, developed jointly by AAEON and PlayRobot, will enable students and
teachers to gain first-hand experience with AI and robotics development while
introducing innovative technology to the classrooms. Such initiatives by key
players are anticipated to drive the market’s growth over the forecast period.
The
market growth is expected to be further proliferated by favorable government
initiatives across several countries. For instance, in 2022, the U.S.
government increased funding for STEM activities. The funding for Student
Support and Academic Enrichment Grants increased to USD 1.3 billion, Career and
Technical Education (CTE) to USD 1.4 billion, Supporting Effective Instruction
State Grants to USD 2.2 billion, and 21st Century Community Learning Centers to
USD 1.3 billion. This increased funding is anticipated to drive the market
growth over the forecast period.
List
of Key Players in the Educational Robot Market
- Aisoy
Robotics
- Blue Frog
Robotics
- LEGO Systems
A/S
- Modular
Robotics (including Cubelets)
- PAL Robotics
- Pitsco
Education LLC
- ROBOTIS Inc.
- SoftBank
Robotics Group
- RM
Educational Resources Ltd. (TTS)
- Learning
Resources
- Educational
Insights
- Makeblock
- Artec Co.
Ltd.
- Ozo EDU Inc.
- Sphero Inc.
- Wonder
Workshop Inc.
- VEX Robotics
Inc.
- Dobot
- Thames &
Kosmos
- WowWee Group
Limited
Related Press Release@ Educational Robot Market Report
Educational
Robot Market Report Highlights
- The humanoid
product type segment is expected to witness a growth rate of 26.1% over
the forecast period
- The segment
growth is attributed to the increased product adoption due to their
human-like characteristics resembling the real-life teachers
- The primary
education application segment is expected to record a CAGR of 26.5% from
2023 to 2030. This is attributed to the increasing adoption of robots by
educational institutions to encourage STEAM education among children aged
below 10 years
- North America
captured the highest market share in 2022 owing to the presence of a large
number of major players and increasing investments from government
organizations in robotics
Educational
Robot Market Segmentation
Grand
View Research has segmented the global educational robot market based on
product type, application, and region:
Educational
Robot Product Type Outlook (Revenue, USD Million, 2018 - 2030)
- Humanoid
- Non-humanoid
Educational
Robot Application Outlook (Revenue, USD Million, 2018 - 2030)
- Primary
Education
- Secondary
Education
- Higher
Education
- Others
Educational
Robot Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Rest of
Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia
Pacific
- Latin America
- Brazil
- Mexico
- Rest of
Latin America
- Middle East
and Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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