Educational Robot Market Report, Analysis, Opportunities by 2031
The educational robot market is projected to reach US$ 5979.68 million by 2031 from US$ 1328.07 million in 2023. The market is expected to register a CAGR of 20.7% during 2023–2031. The government investment in robotics and automation in the education sector are likely to remain key trends in the market.
Educational Robot Market Analysis
The rising focus on enhancing science, technology, engineering, and mathematics (STEM) is driving the market growth. The investments in the education system by the government authorities further foster market growth. Schools and colleges are including various aspects of robotics which propels the market growth.
Educational Robot Market Overview
Educational robots are programmable robots that enable students of all ages to deepen their knowledge of robotics and programming. In addition, it helps them learn other cognitive skills. It provides students with everything they need to build and program a robot that can perform a variety of tasks.
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Educational Robot Market: Strategic Insights
Market Size Value in US$ 919.71 Million in 2021 Market Size Value by US$ 3,327.74 Million by 2028 Growth rate CAGR of 20.2% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Educational Robot Market: Strategic Insights
| Market Size Value in | US$ 919.71 Million in 2021 |
| Market Size Value by | US$ 3,327.74 Million by 2028 |
| Growth rate | CAGR of 20.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Educational Robot Market Drivers and Opportunities
Modernization of Schools
The government is heavily investing in the education sector to modernize the schools and colleges and further enhance the learning of the students. These investments are encouraging the market players to provide their educational robots in schools, which is driving the market growth. For example, in April 2022, Denmark's Shape Robotics said that it had signed an agreement with local peer KUBO Robots to distribute educational robots to schools in Romania.
Automation in the Education Sector
ABB's 2023 global survey of 2,301 education professionals discovered that 80 percent believe robots and automation will shape the future of employment over the next ten years. The use of robots in the educational system and teaching programs. Industrial robot market players are focused on launching robots in the education sector which can fuel the educational robot market in the future.
Educational Robot Market Report Segmentation Analysis
Key segments that contributed to the derivation of the educational robot market analysis are type and application.
- Based on the type, the educational robot market is segmented into humanoid and non-humanoid. The non-humanoid segment held the largest share of the market in 2023.
- By application, the market is segmented into primary education, secondary education, higher education, and others. The other segment held a significant share of the market in 2023.
Educational Robot Market Share Analysis by Geography
The geographic scope of the educational robot market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region is expected to grow with the highest CAGR during the forecast period. The region is focused on technological advancement in the educational sector. The rising investment in the educational sector complements the market growth. The introduction of robots in schools further drives the market growth in the region. For example, in March 2024, a Kerala school introduced the country’s first AI Teacher, Iris to take an innovative step towards education. Iris was created in partnership with Makerlabs Edutech and is the state's and probably the nation's first humanoid robot teacher. Iris is capable of answering intricate queries across various subjects, offering individualized voice support, and promoting interactive educational opportunities. In addition, Iris is equipped with wheels to increase mobility.
Educational Robot Market Report Scope
Educational Robot Market News and Recent Developments
The educational robot market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the educational robot market are listed below:
- ABB Robotics expanded its education offering with the launch of the IRB 1090. The 1090 industrial education robot, authenticated by the globally recognized education institute STEM.org, is designed to upskill students and provide them with a competitive advantage in securing employment. The new education robot forms a key part of ABB’s wider education offering, which includes additional industrial robots, as well as education packages, next-generation controllers, and market-leading programming and simulation software. (Source: ABB Robotics, Press Release, September 2023)
- MatataStudio, a digital learning solution provider with innovation and originality at its core, launched a new educational robot kit called "VinciBot", aiming to combine computer science, artificial intelligence, and education entertainingly. High-tech concepts such as (AI) and machine learning (ML) are introduced into primary school classrooms. These robotics kits are not only highly educational but also incorporate programming, computational thinking, creativity, and exploration. The design concept of MatataStudio is to encourage children to master the basic knowledge of programming and computer science by building and operating robots with their own hands while cultivating their innovative thinking and problem-solving abilities. (Source: MatataStudio, Press Release, February 2024)
Educational Robot Market Report Coverage and Deliverables
The "Educational Robot Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Educational robot market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Educational robot market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Educational robot market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the educational robot market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Malaysia, Mexico, Russian Federation, Saudi Arabia, Singapore, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The estimated value of the educational robot market will be US$ 5979.68 million by 2031.
Aisoy Robotics; Hanson Robotics Limited; Modular Robotics; PAL Robotics; FANUC America Corporation; Sanbot Innovation Technology Ltd.; Life & Science, Inc.; iRobot Education; Softbank Robotics Group Corp.; and Lego System A/S are some of the key players operating in the educational robot market.
The government investment in robotics and the need for cognitive skills in kids are the key driving factors impacting the educational robot market.
Automation in the education sector is considered a key trend in the online exam-proctoring market.
The global educational robot market is estimated to register a CAGR of 20.7% during the forecast period 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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