Educational Robot Market Scenario & Prominent Key Players Analysis to 2027

The global Educational Robot Market was valued at US$ 773.0 Mn in 2018 and is expected to reach US$ 3,386.5 Mn by 2027, with a CAGR growth rate of 18.2% in the forecast period from 2019 to 2027.

With the growing advancements in technology, the adoption of robots in various applications is also increasing. Education systems worldwide are also focusing on enhancing teaching assistants for the children by investing in advanced techniques. The adoption of educational robots is gaining traction globally for supporting and strengthening student's skills, developing their knowledge through the design, the assembly, and the action of robots.

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Analysis of the Top Market Players:

1. Aisoy Robotics
2. Hanson Robotics
3. Probotics America
4. Qihan Technology Co.
5. Robothink
6. Lego Group
7. Modular Robotics
8. softBank Robotics
9. Robotis
10. PAL ROBOTICS

In this report, the market has been segmented on the basis of:

Type
• Humanoid and Non-Humanoid

Application
• Primary Education
• Secondary Education
• Higher Education

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North America is a leading region in the global educational robot market, followed by APAC. Educators in the US have been encouraging the inclusion of STEM curriculum to address the next-gen demand for a skilled workforce, including the development of the world's next robotics as well as artificial engineering experts. However, there are several challenges, such as unequal opportunity to participate in these programs. For instance, most of the low-income schools depend on external funding to include such programs, thus lacking in introducing robots to their education system. Also, there are very few numbers of schools that have implemented robotics for every student throughout the academic year.

APAC is expected to register the highest CAGR in the educational robot market during the forecast period. Developing economies such as China and India are witnessing considerable growth in their GDPs and per capita income every year. In these nations, the use of educational robots in schools is not as common as it is in developed countries worldwide. For instance, in Indonesia, there are only a few schools that have employed robots in the learning procedures; most of these are high-profile schools, such as reputable private schools or international schools.

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