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Educational Robot Market to Grow at a CAGR of 20.2% to reach US$ 3,327.74 million from 2021 to 2028

03-10-2023 05:50 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Educational Robot Market

Educational Robot Market

According to the new research report titled "Educational Robot Market to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the global educational robot market is expected to grow from US$ 919.71 million in 2021 to US$ 3,327.74 million by 2028; it is estimated to grow at a CAGR of 20.2% from 2021 to 2028.

Educational robot market is receiving high momentum across the world. Increasing demand for robots for learning language is influencing the growth of the market. The humanoid robots are identical to the human features and interacts with social tools and the environment. Human-Robot-Interaction has gained considerable attention at research centers and educational institutes. The robots are not just powerful tool for STEM education but has also been used across various countries for developing communication skills among children as these robots can be integrated with various languages. For instance, in 2018, Japan's Ministry of Education announced the deployment of 500 robots in country's schools to improve Japanese students English speaking capabilities. Furthermore, from 2016 to 2018 European research project called L2TOR used social robot named Robin was deployed in nine schools to teach young children ages between four to six second language, English. With the innovative teaching methods and the increasing adoption of humanoid robots across the primary to higher education, vendors have a huge opportunity for humanoid robots during the forecast period.

Get a sample PDF of the report at: https://www.theinsightpartners.com/sample/TIPEL00002372/?utm_source=OpenPR&utm_medium=10452

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 many 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.

The educational robots are specially developed for in academic applications. They can assist in teaching disciplines such as science, technology, engineering, mathematics, programming, languages, history, and geography. Humanoid and non-humanoid are the two main types of education robots, and more than 20 languages can be integrated in these robots. These robots assist educators in teaching as well as help enhance the content delivery. In addition to these abilities, the education robots enable educators to create an enhanced interactive education session, which is propelling their adoption and bolstering the education robot market growth. Moreover, the use of educational robots for teaching languages is another factor bolstering the market growth. However, high CAPEX requirements are hampering the educational robots market growth. Meanwhile, increasing adoption social robots by therapists for developing social skills among children with autism is further fueling the growth of the market. The COVID-19 outbreak has marginally impacted to growth of the educational robot market.

The top five companies in the educational robot market include Hanson Robotics Limited, Softbank Group Corp., Lego System As, Modular Robotics Incorporated, and Pal Robotics S.L. The above listing of key players is derived by considering multiple factors such as overall revenue, current multimodal image fusion software portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global educational robot market ecosystem such as Aisoy Robotics; Probotics America; Sanbot Innovation Technology., Ltd; Life & Science, Inc.; and Robotis Co., Ltd. amongst others.

Education technology industry has been flourishing at an impressive pace across the globe due to high adoption among end-users and growing investments and funding in start-ups. However, with more and more schools and universities continuing to adopt distance learning through virtual classrooms and online exams & assessment tools, in the wake of ongoing pandemic and closure of schools across major economies, the educational robot market is negatively impacted. Moreover, the sudden shutdown of all economic activities across the region have also impacted the manufacturing of educational robots and have disrupted its supply chain. Hence, the COVID 19 outbreak has a negative impact on the growth across the globe.

Buy Latest Version of Report Available Now at Discounted Pricing @ https://www.theinsightpartners.com/buy/TIPEL00002372/?utm_source=OpenPR&utm_medium=10452

The overall educational robot market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the educational robot market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the educational robot market.

Contact Us:
The Insight Partners
Email: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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