Global Educational Robot Market

Educational Robot Market Size, Share, Growth Analysis, By Product Type(Non-humanoid, and Humanoid), By Application(Primary and Higher Education), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2255 | Region: Global | Published Date: April, 2024
Pages: 193 | Tables: 60 | Figures: 75

Educational Robot Market Dynamics

Drivers

Increasing Emphasis on STEM Education

  • Governments and educational institutions worldwide prioritize STEM education to equip students with the skills they need for the future workforce. Educational robots are effective tools for teaching STEM concepts in practical and engaging ways, making them acceptable in schools and learning environments.

Technological Advances

  • Continuous advances in robotics, AI, and sensor technologies increase the capabilities of instructional robots. These developments enable robots to deliver personalized learning experiences, align individual learning styles, and provide real-time feedback to students and teachers, furthering market growth.

Restraints

Increased Investment

  • The initial cost of teaching robots, especially with advanced features, can be high for educational institutions with limited budgets This high initial investment this acts as a major deterrent, especially for schools and institutions in developing areas, preventing widespread adoption.

Displacement Concerns

  • As educational robots become more sophisticated, there are concerns about their ability to replace human teachers. Some stakeholders worry that the widespread use of teaching robots could lead to teacher resignations, affect the traditional education sector, and raise ethical issues about the role of technology in education.
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FAQs

Educational Robot Market size was valued at USD 1.03 billion in 2022 and is poised to grow from USD 1.29 Billion in 2023 to USD 7.56 Billion by 2031, growing at a CAGR of 24.8% in the forecast period (2024-2031).

The competitive environment in the educational robot market is characterized by fierce competition between key players looking to innovate and expand their product offerings such as LEGO Education, Wonder Workshop, RobotLAB Inc. and others. Additionally, partnerships with educational institutions and curriculum developers are becoming increasingly common as companies seek to enhance the educational value proposition of their robotic offerings. 'Aisoy Robotics', 'Blue Frog Robotics', 'LEGO Systems A/S', 'Modular Robotics (including Cubelets)', 'PAL Robotics', 'Pitsco Education LLC', 'ROBOTIS Inc.', 'SoftBank Robotics Group', 'RM Educational Resources Ltd. (TTS)', 'Learning Resources', 'Educational Insights', 'Makeblock', 'Artec Co. Ltd.', 'Ozo EDU Inc.', 'Sphero Inc.', 'Wonder Workshop Inc.', 'VEX Robotics Inc.', 'Dobot', 'Thames & Kosmos', 'WowWee Group Ltd.'

Governments and educational institutions worldwide prioritize STEM education to equip students with the skills they need for the future workforce. Educational robots are effective tools for teaching STEM concepts in practical and engaging ways, making them acceptable in schools and learning environments.

Increasing Availability of Interactive and Engaging Learning Tools: The educational robot market seems to be growing steadily due to the increasing availability of interactive and engaging learning tools. These robots are designed to complement traditional teaching methods by providing hands-on activities that foster creativity, problem solving skills and STEM (science, technology, engineering and math) teaching Advanced technologies such as artificial intelligence (AI), machines learning and natural language processing (NLP) in educational robotics Integration drives market growth.

North America dominated the market with over 36% revenue share by 2022 and is expected to witness the highest growth during the forecast period. The market growth is attributed to the strong presence of leading companies in this industry. Moreover, the greater trend towards advanced technology in educational institutions and the growing importance of activity-based instruction further expands the regional market.

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Global Educational Robot Market

Report ID: SQMIG25A2255

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