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Educational Robot Market 2023- Industry Size, Share, Growth Analysis, Trends, Top Players And Forecast To 2032
Educational Robot Market Analysis
Educational Robot Market Size, Growth Rate, And Forecast
The global educational robot market size is expected to grow from $1.44 billion in 2022 to $1.72 billion in 2023 at a compound annual growth rate (CAGR) of 18.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The educational robot market size is expected to grow to $3.37 billion in 2027 at a CAGR of 18.4%.
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Educational Robot Market Drivers
The increase in adoption of smart devices is expected to propel the growth of the education robot market going forward. A smart device refers to a device that connects to an app, the internet, a local network, or another device using a wireless connection. The robots would connect wirelessly with a variety of Apple iOS and Google Android mobile devices using Bluetooth 4.0 which helps students to gain educational insight.
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Educational Robot Market Segments
1) By Type: Service Robot, Industrial Robot
2) By Component: Hardware, Software
3) By Application: Primary Education, Secondary Education, Higher Education, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the educational robot market.
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Educational Robot Market Key Players
Major competitors in the educational robot market include SoftBank Robotics Group Corp., Hanson Robotics Limited, ROBOTIS Co., Ltd., Aisoy Robotics, Blue Frog Robotics & Buddy, LEGO System A/S, PAL Robotics
The Business Research Company's "Global Educational Robot Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Educational Robot Market Include:
1. Executive Summary
2. Educational Robot Market Characteristics
3. Educational Robot Market Trends And Strategies
4. Educational Robot Market - Macro Economic Scenario
5. Educational Robot Market Size And Growth
.....
26. Africa Educational Robot Market
27. Educational Robot Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Educational Robot Market
29. Educational Robot Market Future Outlook and Potential Analysis
30. Appendix
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