Dublin, Feb. 01, 2022 (GLOBE NEWSWIRE) -- The "Global Educational Robots Market By Application (Higher Education, Secondary Education, Primary Education, and Others Applications), By Product type (Non-Humanoid and Humanoid), By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Educational Robots Market size is expected to reach $2,872.8 million by 2027, rising at a market growth of 15.4% CAGR during the forecast period.
Educational robotics is a concept of teaching the application, analysis, and operation through a variety of robots such as mobile robots, articulated robots, or autonomous vehicles. These robots can help a person in their learning process from school to graduation.
With advanced computing ability and innovative engineering, educational robots can be controlled through voice, gestures, and other special apps. In addition, they can improve creative problem-solving techniques, as well, as boost the growth of necessary communication & interpersonal skills and the power to transmit and integrate complicated innovations to their mates.
COVID-19 Impact Analysis
The educational infrastructure was crucially affected during the period of pandemic and has not recovered till yet. All education institutions were shut. The COVID-19 pandemic bought a few modifications into the education sector. The education industry suffered a massive breakdown as all the institutes including schools, universities, and coaching centers were closed for a significant duration. The hazardous coronavirus also affected the supply chain of educational robot producers and also hindered the market. The imposition of complete lockdown by the governments has disrupted imports and exports of any products that resulted in a significant drop in the demand for educational robots. Moreover, a huge cost of investment in the initial stage hinders the development of the market.
Market Growth Factors:
Growing trend of digitization
The emerging trend and adoption of digitization as well as the addition of machine learning, artificial intelligence, and other advanced technologies into the day-to-day life of people as well as in the educational infrastructure is one of the major catalysts in the growth of educational robots market. Educational robots are rapidly being demanded in elementary schools, high schools, colleges, and other educational institutes with the purpose of facilitating the process of teaching as well as making the learning process less complicated and interesting for the students.
Increasing number of research and development activities for humanoid robots
The humanoid robot has the capacity to evolve the educational robots market. There are numerous researches going on about how to transmit programming of a robot into other humanoid robot, wherein researchers are developing ingenious software solutions as software is considered as a vital part of humanoid robots. For example, MIT's Computer Science and Artificial Intelligence Laboratory designed a technique of machine learning named C-learn which enables non-coders to train robot movements and assessments giving fundamental information on the objects that are being directed.
Marketing Restraining Factor:
High cost of educational robots
The cost of establishing a robots-based education center might not be affordable for every school, college, and other educational institutes, especially for the newcomers to the sector. The expenditure required to purchase educational robots and integrate the robot along with its maintenance is expected to be very high. The institutions that require additional infrastructure or do not have any tie-ups with robot manufacturers is expected to not be able to bear the cost of educational robots. These hindrances is expected to majorly occur in the under-developed or developing countries with low purchasing or spending capacity or do not have significant existence of robot manufacturers.
Application Outlook
Based on Application, the market is segmented into Higher Education, Secondary Education, Primary Education, and Others Applications. The primary education segment procured a prominent revenue share in the educational robots market in 2020 and is expected to showcase the fastest growth rate during the forecast period.
Product Type Outlook
Based on Product type, the market is segmented into Non-Humanoid and Humanoid. The Humanoid segment is expected to display the fastest growth rate during the forecast period. The increasing demand for humanoid robots is attributed to their next-generation features and expanding range of applications throughout numerous sectors of the educational infrastructure can attribute to the rise in its growth.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the educational robots market in 2020 and is expected to hold its position during the forecast period. The existence of the key market players and the high adoption rate of the next-generation technologies across the educational infrastructure as a result of increasing awareness of activity-based education evolution in educational guidelines are the major drivers of the growth of the regional educational robots market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, FANUC Corporation, Yaskawa Electric Corporation, SoftBank Group Corporation (SoftBank Robotics), Teradyne, Inc. (Universal Robots), Techman Robot, Inc. (Quanta Storage, Inc.), Seiko Epson Corporation, Hanson Robotics Limited, SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited), and Kuka AG.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.2.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug - 2021, Jun) Leading Players
Chapter 4. Global Educational Robots Market by Application
4.1 Global Higher Education Market by Region
4.2 Global Secondary Education Market by Region
4.3 Global Primary Education Market by Region
4.4 Global Other Applications Market by Region
Chapter 5. Global Educational Robots Market by Product Type
5.1 Global Non-Humanoid Market by Region
5.2 Global Humanoid Market by Region
Chapter 6. Global Educational Robots Market by Region
Chapter 7. Company Profiles
7.1 ABB Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreement:
7.1.6 SWOT Analysis
7.2 FANUC Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 Yaskawa Electric Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.4 SoftBank Group Corporation (SoftBank Robotics)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.5 Teradyne, Inc. (Universal Robots)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Techman Robot, Inc. (Quanta Storage, Inc.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Seiko Epson Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Hanson Robotics Limited
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Kuka AG
7.10.1 Company Overview
For more information about this report visit https://www.researchandmarkets.com/r/24hswf
