Educational Robot Market Share and Growth Analysis 2027, Impact Of Covid-19 On The Industry And Top Companies Aisoy Robotics, Hanson Robotics, Probotics America, Qihan Technology and Robothink

Educational Robot market on a global scenario was valued at US$ 773.0 Mn in 2018; it is expected to grow at a CAGR of 18.2% during the forecast period, to reach US$ 3,386.5 Mn by 2027.

Various educational institutes are showing focus on the improvement in teaching STEM (Science, Technology, Engineering, and Mathematics) disciplines. STEM helps to learn these specific disciplines of Interdisciplinary learning. Educational robots help to improve the teaching methods for STEM disciplines. Educational robots have the high computing power and help to deliver STEM lessons to modern education. It helps to learn naturally and adopt the principle of computational thinking. Moreover, the DIY kits are boon for the educational robot markets. It enables to design and program and enhances the problem learning skills among STEM students.

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In developed countries, such as the US and the UK, the educational robot has gained immense popularity as the students in schools, universities, and other institutions are completely aware of the technologies. However, in developing countries of APAC and SAM, students lack the awareness of technology-driven learning. Several schools, universities, and coaching institutions are implementing learning through robots. As the robot developers are constantly upgrading their technologies to offer robust solutions, the adoption of educational robots is continuously increasing.

The educational robot market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Asia Pacific is projected to be the fastest-growing region in the global educational robot market. Whereas, North America, followed by APAC, holds the highest market share in the educational robot market in 2018.

APAC is the fastest-growing educational robot market worldwide. The region is the biggest innovator in the consumer robot space. As the region’s most innovative robotics start-ups continue developing their products, they’re increasingly looking to expand globally. For instance, start-ups such as Makeblock have already indicated their global ambitions, and others are rapidly following. Further, in 2017, Tencent Holdings, a Chinese internet giant, has led a US$ 41 Mn funding round for Wonder Workshop, US educational robot company, as it looks for expansion in the APAC region owing to the growing demand for STEM education. The company has partnered with MindWorks Ventures as well as an education publishing company Classroom to expand its presence in Hong Kong. The company’s products are already employed in over 150 primary and secondary schools in Hong Kong.

In developing nations of APAC, the use of an educational robot in the schools is yet not as common as it is in the developed nations worldwide. For instance, in Indonesia, there are only quite a few schools that have employed robots for the learning process. Most of these are high profile schools, such as reputable private schools or international schools. Since most of the countries in the APAC region still lag basic education, the market for the educational robot is these countries are very less.

Some of the other notable players in the global educational robot market include Boyd Corporation, Aisoy Robotics, Hanson Robotics, Lego Group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Robothink, Robotis, and Softbank Robotics, among others.

Advancements of teaching methods in schools and universities are propelling the demand for educational robot market

Education is one of the promising sectors for the rapid evolution of digitalization in developed and developing countries. Developing countries such as China, India, and Brazil are witnessing high demand for technology-driven methods of education. The schools in China, South Korea, Japan, and US among others aim at preparing their students to excel in the rapidly digitalizing world. The digitalization in the education sector is a key factor in driving the educational robot market. China is one of the prominent countries where digitalization in the educational sector is booming at present, and the same is anticipated to create a huge market in the coming years. The growth in demand for enhanced teaching methods is positively influencing the educational robot market.

Increasing demand for humanoid robots offer a lucrative opportunity to the educational robot market

The humanoid robot resembles the human features and interacts with social tools and the environment. Human-Robot-Interaction has received considerable attention in laboratories, schools, and other educational institutes. Humanoid robots are a powerful tool for STEM education. Humanoid robots are proved to be an excellent means of problem-solving for STEM education. There is an active movement of the development of humanoid robot hardware and software for educational institutes. The increasing implementation of humanoid robots for STEM education is creating a significant opportunity for educational robot market players.

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