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Educational Robot Market Size, Future Trends, Key Growth Drivers, Share Analysis And Forecast To 2033
Educational Robot Market
As per the report, the educational robot market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The educational robot market size is expected to see rapid growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%.
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Smart Device Adoption Drives The Educational Robots Market
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. For instance, in December 2022, according to Software Testing Help, an Indian-based software testing, and services organization, there would be around 7.62 billion humans on the planet, by the year 2022 with an increasing graph of IoT devices, and around 20 billion IoT smart devices up and running with an increase in the demand of 5g network. Therefore, the increasing adoption of smart devices is driving the growth of the educational robot market.
Technological Advancements Transforms The Market
Technological advancements are a key trend gaining popularity in the educational robot market. Major companies operating in the educational robot market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, iRobot Corp., a US-based technological company that designs and markets educational and other robots, launched Create 3 educational robots. Create 3 Educational Robots is based on the Roomba i3 Series robot vacuum platform and offers educators and advanced makers a dependable, out-of-the-box alternative to expensive and labor-intensive robotics kits that involve assembly and testing. Instead of cleaning people's homes, the robot is intended to encourage higher-level research for those interested in advancing their education or profession in robotics.
The educational robot market covered in this report is segmented -
1) By Type: Service Robot, Industrial Robot
2) By Component: Hardware, Software
3) By Application: Primary Education, Secondary Education, Higher Education, Other Applications
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Major companies operating in the educational robot market report are SoftBank Robotics Group Corp, Hanson Robotics Limited, ROBOTIS Co Ltd., Aisoy Robotics, Blue Frog Robotics & Buddy, LEGO System A/S, PAL Robotics, Wonder Workshop Inc., Makeblock, Modular Robotics, ABB Ltd., FANUC Corporation, YASKAWA Electric Corporation, KUKA, Universal Robots, Robolink, Advanced Robotics for Manufacturing, BrainCo, CoderZ, Cubic Robotics, Dobot Robots, Edisun Microgrids, EdTech Robotics, EZ-Robot, Fable, Gakken Classroom Global, Hexbug, iFlytek, Kano, KUBO Robotics, Learning Resources
Contents of the report:
1. Executive Summary
2. Educational Robot Market Report Structure
3. Educational Robot Market Trends And Strategies
4. Educational Robot Market - Macro Economic Scenario
5. Educational Robot Market Size And Growth
…..
27. Educational Robot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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