Educational Robot
The Educational Robot Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Educational Robot Market Size Expected to Be by 2034?
In recent times, there has been a significant growth in the size of the educational robot market. It is projected that this market, currently worth $2 billion as of 2024, will escalate to a value of $2.35 billion in 2025, experiencing a compound annual growth rate (CAGR) of 17.7%. The remarkable growth during this historical period can be linked to factors such as the emphasis on active learning techniques, the globalization of education, governmental initiatives in the education sector, modification of teaching methodologies, and a heightened attention to STEM education.
The market for educational robots is predicted to witness a swift expansion in the upcoming years, reaching a valuation of $4.74 billion in 2029 at a 19.2% compound annual growth rate (CAGR). This expected growth in the forecast period can be linked to the surge in online and remote learning, the concentration on social-emotional learning, the adoption of customized learning journeys, their use in early childhood education, professional growth for teachers, and an emphasis on data security and privacy. The forecast period will also likely see several significant trends, such as the emergence of coding and programming education, the inception of collaborative and social robots, the application of artificial intelligence (AI), increased focus on security and privacy, and market proliferation in developing economies.
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What Are the Emerging Segments Within the Educational Robot Market?
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
Subsegments:
1) By Service Robot: Social Robots, Companion Robots, Teaching Assistants, Research And Development Robots
2) By Industrial Robot: Robotic Arm Kits, Automated Guided Vehicles (AGVs), Simulation And Programming Robots
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What Long-Term Drivers Are Shaping Educational Robot Market Trends?
The surge in the use of smart devices is projected to spur the expansion of the education robot market. Smart devices, which connect to apps, internet, local networks, or other devices wirelessly, enable robots to link with a range of Apple iOS and Google Android mobile devices using Bluetooth 4.0. This paves the way for students to gain insightful knowledge. For instance, as per Software Testing Help, a software testing and services company based in India, by December 2022, the global population would touch around 7.62 billion. Correspondingly, there will be an upward trend in the use of IoT devices, with approximately 20 billion IoT smart devices operational, fueled by the growing demand for the 5g network. This uptick in the utilization of smart devices is thereby fuelling the growth of the education robot market.
Who Are the Top Competitors in Key Educational Robot Market Segments?
Major companies operating in the educational robot market are SoftBank Robotics Group Corp, Hanson Robotics Limited, ROBOTIS Co Ltd., Aisoy Robotics, Blue Frog Robotics & Buddy, LEGO System A/S, Wonder Workshop Inc., Makeblock, Modular Robotics, Robolink, BrainCo, CoderZ, Cubic Robotics, Dobot Robots, EdTech Robotics, EZ-Robot, Fable, Gakken Classroom Global, Hexbug, Kano, KUBO Robotics, Learning Resources
What Educational Robot Market Trends Are Gaining Traction Across Different Segments?
The rise in technological advancements is a trending factor that influences the growth of the educational robot market. Major market players are focusing on the creation of new tech solutions to solidify their market stand. For example, in April 2022, iRobot Corp., an American tech firm that specializes in designing and marketing various robots, including educational ones, introduced Create 3 educational robots to the market. This educational robot, which is built on the Roomba i3 Series robot vacuum platform, provides educators and advanced makers with a reliable, ready-to-use alternative to costly, time-consuming robotics kits that require assembly and testing. Rather than performing household chores, this robot is designed to stimulate advanced research for individuals aiming to enhance their knowledge or career in the field of robotics.
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Which Regions Are Becoming Hubs for Educational Robot Market Innovation?
North America was the largest region in the educational robot market in 2024. Asia Pacific is expected to be the fastest-growing region in the educational robot market report forecast period. The regions covered in the educational robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Educational Robot Market?
2. What is the CAGR expected in the Educational Robot Market?
3. What Are the Key Innovations Transforming the Educational Robot Industry?
4. Which Region Is Leading the Educational Robot Market?
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