The educational robot market is expected to grow from USD 688.3 Million in 2017 to USD 1,689.2 Million by 2023, at a CAGR of 16.8% between 2018 and 2023. The educational robot market is mainly driven by the factors such as the use of robots for educational purposes and technological advancements in the field of robotics. For this study, the base year considered is 2017, and the forecast period is between 2018 and 2023.
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Key players in the educational robot market are SoftBank (Japan), ROBOTIS (South Korea), PAL Robotics (Spain), Hanson Robotics (Hong Kong), QIHAN Technology Co. (China), DST Robot Co. (South Korea), Probotics America (US), Wonder Workshop (US), Aisoy Robotics (Spain), and BLUE FROG ROBOTICS (France).
Educational Robot Market, by Type
Educational Robot Market, by Education Level
- Elementary and High School Education
- Higher Education
- Special Education
Educational Robot Market, by Region
The educational robot market is segmented on the basis of type into humanoid and non-humanoid.
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The market for humanoids is expected to grow at a higher CAGR during the forecast period. The market for low-cost humanoids is likely to gain traction in the near future owing to the projected high growth of software.
Humanoid robots have the ability to assist and even replace teachers in classrooms.
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The educational robot market is segmented on the basis of education level into elementary and high school education, higher education, and special education. The market for educational robots used in special education is expected to grow at the highest CAGR during the forecast period.
Though special educational robots are for children with autism and developmental issues, which makes educational robots occupy the lowest percent of market share, the growing demand for learning assistance robots across the world attributes to its high growth rate.
2 Competitive Scenario
3 Market Share Analysis
5 Mergers & Acquisitions
6 New Product Launches
7 Agreements, Partnerships, and Investments
The educational robot market is broadly classified on the basis of geographic regions into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period.
APAC is likely to adopt educational robots as there are some widespread government initiatives in the region that aim to improve the literacy rate in the region.
Government initiatives for education and technological advancements offer opportunities for the educational robot market in this region.
High initial R&D expenditure inhibits the educational robot market growth. Furthermore, concerns regarding the safety of kids have been a key challenge faced by the industry.
However, factors such as growing demand for humanoid robots and huge potential in developing countries can generate significant opportunities for this market.
- This report includes the market statistics pertaining to the educational robot component, type, education level, and geography, along with their respective market size.
- Major drivers, restraints, opportunities, and challenges pertaining to the educational robot market have been detailed in the report.
- Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for the market leaders.
- Strategic profiling of the key players in the educational robot market has been done, and players’ ranking has been provided, and core competencies have been comprehensively analyzed.
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