Big Boom in Educational Robot Market Size Future Scope Demands and Projected Industry Growths to 2027 | Boyd Corporation, Aisoy Robotics, Hanson Robotics, Lego Group

Educational Robot market on a global scenario was valued at US$ 773.0 Mn in 2018; it is expected to grow at a CAGR of 18.2% during the forecast period, to reach US$ 3,386.5 Mn by 2027.

Various educational institutes are showing focus on the improvement in teaching STEM (Science, Technology, Engineering, and Mathematics) disciplines. STEM helps to learn these specific disciplines of Interdisciplinary learning. Educational robots help to improve the teaching methods for STEM disciplines. Educational robots have the high computing power and help to deliver STEM lessons to modern education. It helps to learn naturally and adopt the principle of computational thinking. Moreover, the DIY kits are boon for the educational robot markets. It enables to design and program and enhances the problem learning skills among STEM students.

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Top Key Players:- Boyd Corporation, Aisoy Robotics, Hanson Robotics, Lego Group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Robothink, Robotis, and Softbank Robotics

In developed countries, such as the US and the UK, the educational robot has gained immense popularity as the students in schools, universities, and other institutions are completely aware of the technologies. However, in developing countries of APAC and SAM, students lack the awareness of technology-driven learning. Several schools, universities, and coaching institutions are implementing learning through robots. As the robot developers are constantly upgrading their technologies to offer robust solutions, the adoption of educational robots is continuously increasing.

The educational robot market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America.

The report segments the global educational robot market as follows:

Global Educational Robot Market - By Type

o Humanoid
o Non-Humanoid

Global Educational Robot Market - By Application

o Primary Education
o Secondary Education
o Higher Education

APAC is the fastest-growing educational robot market worldwide. The region is the biggest innovator in the consumer robot space. As the region's most innovative robotics start-ups continue developing their products, they're increasingly looking to expand globally. For instance, start-ups such as Makeblock have already indicated their global ambitions, and others are rapidly following. Further, in 2017, Tencent Holdings, a Chinese internet giant, has led a US$ 41 Mn funding round for Wonder Workshop, US educational robot company, as it looks for expansion in the APAC region owing to the growing demand for STEM education.

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