Educational Robot Market Size, Industry Analysis Report By Product Type (Humanoid, Non-Humanoid), By Application (Primary Education, Secondary Education, Higher Education) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 218
- CATEGORY
- Electronics & Communication
It is estimated for the global educational robot market to witness growth at a CAGR of 21.1% during the forecast period of 2022 to 2030. The market witnessed the growth at a CAGR of 17.8% during the forecast period of 2018 to 2021. Educational robots help children develop one of the basic cognitive skills of mathematical thinking at an early age: computational thinking. That is, they help develop the mental process we use to solve problems of various kinds through an orderly sequence of actions.
Global Educational Robot Market – Growth Factors
The growth in the integration of smart education in schools and colleges is the major factor that is driving the growth of the market during the forecast period. The educational institutions are adding newer technologies in order to improve the teaching system and this factor is estimated to boost the growth of the market during the forecast period. The increasing number of smart schools around the globe are adapting educational robots to improve the quality of education and this factor is estimated to drive the growth of the market during the forecast period. However, the cost of implementation of robotic system of education is not a cost friendly task and the smaller educational institutions and the rural educational systems cannot afford it and this factor is hampering the growth of the market during the forecast period.
Global Educational Robot Market – Market Trends
• The educational institutions are adding newer technologies in order to improve the teaching system and this factor is estimated to boost the growth of the market during the forecast period.
• The increasing number of smart schools around the world are adapting educational robots to improve the quality of education and this factor is estimated to drive the growth of the market during the forecast period.
• However, the cost of implementation of robotic system of education is not a cost friendly task and the smaller educational institutions and the rural educational systems cannot afford it and this factor is hampering the growth of the market during the forecast period.
Global Educational Robot Market – Segmentation
The global educational robot market is segmented based on product type and application type.
Based on product type, the market is segmented into,
• Humanoid
• Non-Humanoid
Based on application type, the market is been segmented into,
• Primary Education
• Secondary Education
• Higher Education
• Others
Global Educational Robot Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Educational Robot Market – Key Market players
Aisoy Robotics; Blue Frog Robotics & Buddy; Innovation First International Inc.; LEGO System A/S; Makeblock; Modular Robotics; Pal Robotics; Pitsco Inc.; Robotis; SoftBank Robotics are the major players that are driving the growth of the market during the forecast period.
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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