Educational Robot Market is expected to reach US$ 3,327.74 million by 2028


PRESS RELEASE BY The Insight Partners 25 Jun 2021

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Increasing Demand for Robots for Learning Languages to Provide Growth Opportunities for Educational Robot Market Players

 

According to our latest market study on “Educational Robot Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the educational robot market is projected to reach US$ 3,327.74 million by 2028 from US$ 919.71 million in 2021; it is estimated to grow at a CAGR of 20.2% from 2021 to 2028.

 

Various educational institutes focusing on improving the teaching methods in the science, technology, engineering, and mathematics (STEM) disciplines. Educational robots are likely to assist in their improvement goals. These robots have high computing power and help deliver STEM lessons to modern education. They also allow learners to learn naturally and adopt the principles of computational thinking. Moreover, the DIY kits are emerging as a boon for the educational robot markets. The kits are meant to assist in design and programing, as well as to enhance the problem learning skills among STEM students.

Schools and colleges are including various aspects of robotics in their curricula to enhance the problem-solving skills of students. Moreover, various government initiatives and programs are encouraging schools and universities to adopt robotic based learning. These factors are expected to drive the educational robot market during the forecast period.

 

Impact of COVID-19 Pandemic on Educational Robot Market

sThe education technology industry has been flourishing at an impressive pace across the globe due to high adoption of different technologies in education-related applications as well as due to growing investments and funding in start-ups. However, the shuttering of schools in major economies in the wake of the COVID-19 pandemic has compelled a large number of schools and universities to adopt distance learning through virtual classrooms as well as online exams and assessment tools, which is negatively impact the educational robot market growth. Moreover, the sudden shutdown of all economic activities across all major regions has impacted the manufacturing of educational robots as well as disrupted the supply chain of the robotics industry.

 

Aisoy Robotics; Hanson Robotics Limited; Modular Robotics; PAL Robotics; Probotics America; Sanbot Innovation Technology., Ltd; Life & Science, Inc.; Robotis Co., Ltd.; SoftBank Robotics Group Corp.; and Lego System A/S are among the major companies operating in the educational robot market.

Educational Robot Market — by Region, 2020

Educational Robot Market — by Region, 2020

Educational Robot Market to Grow at a CAGR of 20.2% to reach US$ 3,327.74 million from 2021 to 2028

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Educational Robot Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Humanoid and Non-Humanoid) and Application (Primary Education, Secondary Education, Higher Education, and Others)


 

The educational robot market has been segmented as follows:

 

By Type

  • Humanoid
  • Non-Humanoid

By Application                                                                                                              

  • Primary Education
  • Secondary Education
  • Higher Education
  • Others

 

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM
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