With $3.32 Bn, Educational Robot Market to rise at a CAGR of 20.2% from 2021 to 2028

Educational Robot Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Humanoid and Non-Humanoid) and Application (Primary Education, Secondary Education, Higher Education, and Others)

Various educational institutes focusing on improving the teaching methods in the science, technology, engineering, and mathematics (STEM) disciplines. Educational robots are likely to assist in their improvement goals. These robots have high computing power and help deliver STEM lessons to modern education. They also allow learners to learn naturally and adopt the principles of computational thinking. Moreover, the DIY kits are emerging as a boon for the educational robot markets. The kits are meant to assist in design and programing, as well as to enhance the problem learning skills among STEM students.

Aisoy Robotics; Hanson Robotics Limited; Modular Robotics; PAL Robotics; Probotics America; Sanbot Innovation Technology., Ltd; Life & Science, Inc.; Robotis Co., Ltd.; SoftBank Robotics Group Corp.; and Lego System A/S are among the major companies operating in the educational robot market.

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Strategic Insights:
Players operating in the educational robot market are mainly focused on the development of advanced and efficient products.

- In 2020, Modular Robotics launched Cubelets Console, a software which allows users to program the cubelets by replacing C programming apps and Blockly.
- In September 2019, Hanson Robotics introduced Little Sophia, which is a tutorial companion indulged in teaching STEM, Artificial intelligence (AI), and coding to kids with a playful personality.

Impact of COVID-19 Pandemic on Educational Robot Market

The education technology industry has been flourishing at an impressive pace across the globe due to high adoption of different technologies in education-related applications as well as due to growing investments and funding in start-ups. However, the shuttering of schools in major economies in the wake of the COVID-19 pandemic has compelled a large number of schools and universities to adopt distance learning through virtual classrooms as well as online exams and assessment tools, which is negatively impact the educational robot market growth. Moreover, the sudden shutdown of all economic activities across all major regions has impacted the manufacturing of educational robots as well as disrupted the supply chain of the robotics industry.

Escalating Demand for Robots for Learning Languages Boosts Educational Robot Market Growth

The humanoid robots have human-like features, and they can interact using social tools and the environment. Human-Robot interaction has gained considerable attention at research centers and educational institutes. In addition to their applications in STEM education, robots are being used for developing communication skills among children in various countries, as they can be integrated with various languages. In 2018, the Ministry of Education in Japan announced the deployment of 500 robots in schools to improve English speaking capabilities of students.

Type-Based Insights

Based on type, the educational robot market is segmented into humanoid and non-humanoid robots. The non-humanoid segment held a larger market share in 2020. Non-humanoid robots are programmed using computers, and they can carry a complex set to actions. Non-humanoid robots allow robot designers and programmers to be more creative with their designs. These robots can be guided or controlled by external devices or embedded devices.

Application-Based Insights

Based on application, the educational robot market is segmented into primary education, secondary education, and higher education, and others. The higher education segment led the market in 2020. Schools, universities, and other institutions in various countries are heavily capitalizing on STEM learning.

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This release was published on openPR.