The global educational robots market is poised for remarkable growth, with projections indicating a substantial increase in market value over the next decade. According to the latest report by Future Market Insights (FMI), the market size is anticipated to surge to US$ 5.0 billion by the year 2032, from its 2022 valuation of US$ 1.1 billion.
The popularity of educational robots, which is on the rise, can be linked to expansion. These aid in establishing an engaging learning environment for students. These enable them to work on problems from the actual world as well.
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Key Takeaways from Educational Robots Market Study
- North America would lead the educational robots market and reach a valuation of US$ 2.01 billion by 2032.
- The USA educational robots market size would reach US$ 1.6 billion by 2032.
- By application, the higher education segment would exhibit a CAGR of 1% from 2022 to 2032.
- The non-humanoid type of educational robot would lead and flourish at a CAGR of 2% from 2022 to 2032.
- China educational robots market would exhibit steady growth at a CAGR of 3% from 2022 to 2032.
The educational robots market has been witnessing impressive expansion, primarily driven by the escalating popularity of these innovative learning tools. These robots play a pivotal role in transforming the educational landscape by creating interactive learning environments for students, enabling them to tackle real-world challenges.
The report reveals a Compound Annual Growth Rate (CAGR) of 16.3% for the period between 2022 and 2032. Notably, the market experienced a commendable CAGR of 20.0% during the span from 2017 to 2021, underscoring the sector’s consistent growth trajectory.
Competition Analysis – Regional Trends:
The educational robots market is witnessing intense competition among key players, each striving to offer cutting-edge solutions that cater to the diverse requirements of educational institutions globally. Market participants are focusing on collaborations, partnerships, and product innovations to gain a competitive edge. Geographically, North America and Europe have emerged as prominent regions with substantial adoption of educational robots, owing to their well-established education systems and technological advancements.
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Region-wise Insights:
North America remains at the forefront of the educational robots market, attributed to the robust presence of key market players, increased investments in educational technology, and a proactive approach towards integrating innovative teaching methods. Meanwhile, Asia Pacific is expected to exhibit rapid growth, driven by the escalating demand for enhanced learning experiences and the increasing penetration of advanced technologies in emerging economies.
Educational Robots Market Trends:
The surge in the adoption of educational robots can be attributed to their ability to engage students in a dynamic and hands-on learning experience. These robots serve as effective tools for imparting complex concepts in a simplified manner, fostering critical thinking and problem-solving skills among students. Additionally, the integration of advanced technologies, such as artificial intelligence and machine learning, into educational robots enhances their capabilities, making learning more personalized and effective.
Educational Robots Market Drivers and Opportunities:
The rising emphasis on STEM (Science, Technology, Engineering, and Mathematics) education is a significant driver of the educational robots market. These robots offer a practical and interactive approach to teaching STEM subjects, making them more appealing and accessible to students. Furthermore, the growing trend of remote and hybrid learning due to global events has heightened the demand for innovative educational tools like robots, presenting a wealth of opportunities for market players to cater to the evolving needs of educators and students.
Category-wise Insights:
Educational robots are categorized into various types, such as programmable robots, humanoid robots, and collaborative robots, each offering unique features and applications. Programmable robots are witnessing widespread adoption, enabling students to code and program their robots, thereby enhancing coding skills and computational thinking.
In conclusion, the educational robots market is on a trajectory of significant expansion, poised to reach a remarkable valuation of US$ 5.0 billion by 2032. The growing prominence of these interactive learning tools, coupled with advancements in technology, is set to revolutionize the educational landscape, empowering students with essential skills for the future.
Key Companies Profiled:
Aisoy Robotics, Hanson Robotics Limited, Modular Robotics, PAL Robotics, Probiotics America
Get More Exclusive Insights into Educational Robots Market Study
Future Market Insights, in its new offering, presents an unbiased analysis of the educational robots market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the educational robot market in terms of type (humanoid, non-humanoid), application (primary education, secondary education, higher education), and region
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Educational Robots Market Outlook by Category
By Type:
- Humanoid
- Non-Humanoid
By Application:
- Primary Education
- Secondary Education
- Higher Education
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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