Educational Robots Market Share

Global Educational Robots Market Overview

Educational Robots Market Size was valued at USD 1.4 Billion in 2023. The Educational Robots Market Industry is projected to grow from USD 2.1 Billion in 2024 to USD 9.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.50% during the forecast period (2024 - 2032). The rise in demand for next-generation robot root technology is the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Educational Robots Market Trends

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  The increasing automation in the education sector boosts market growth

  
  

The education sector has been rapidly adopting technology, and educational robots have become an increasingly popular tool for enhancing the learning experience of students. These robots can be programmed to perform a wide range of educational activities, from teaching basic concepts like math and science, to more complex subjects like coding and robotics. They can also be used for interactive learning, games, and simulations. The increasing use of educational robots in schools and other educational institutions is driving growth in the educational robot market, and this trend is expected to continue in the coming years.

The educational robots market service also has humanoid robots. This is the smallest market segment but is expected to exhibit a high potential and help in majorly transforming the education service industry. These robots are further, showing their skill and excellence in the field of medicine and healthcare services. They are gaining recognition by working as companion robots. MIT’s Computer Science and Artificial Intelligence Laboratory are on the way to developing a machine learning technique that can be recognized as C-Learn. This allows the non-coders to help and teach robotic movements and tasks by helping with the basic information related to the objects that are manipulated and then, demonstrations for the robot for a single demo are organized. Therefore, such factors related to Educational Robots have enhanced the Educational Robots market CAGR across the globe in recent years.

Educational Robots Market Segment Insights:

Educational Robots Component Insights

The Educational Robots market segmentation, based on components, includes hardware and software. The hardware segment held the majority share in 2022 of the Educational Robots market revenue. The hardware component typically includes the physical robot and its various components such as motors, sensors, and actuators. This component is the most critical aspect of an educational robot, as it determines the robot's ability to perform various tasks and interact with its environment.

Educational Robots Type Insights

The Educational Robots market segmentation, based on type, includes humanoid and non-humanoid. The humanoid segment held the majority share in 2022, Humanoid robots are designed to resemble the human form and movement and are typically used for teaching a wide range of subjects, including science, technology, engineering, and mathematics (STEM). These robots can perform various tasks, such as walking, speaking, and interacting with students in a manner that simulates human behavior, making them an engaging and effective tool for enhancing the learning experience.

Educational Robots Application Insights

Based on application, the Educational Robots market segmentation includes formal and informal education. The formal education segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. Formal education refers to the traditional classroom setting, where students attend classes in a school or other educational institution. In this setting, educational robots are used to enhance the learning experience and make subjects like STEM more engaging and interactive. These all factors for Educational Robots positively impact market growth.

Figure 2: Global Educational Robots Market, by Components, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Educational Robots Regional Insights

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3: GLOBAL EDUCATIONAL ROBOTS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The European region holds the third-largest market share in the educational robots market. The region has a strong presence of technology companies and is home to some of the world's leading universities, which are driving the demand for advanced and sophisticated educational robots. In Europe, educational robots are widely used in both formal and informal educational settings and are being increasingly adopted by schools, universities, and other educational institutions to enhance the learning experience of students. The region is also characterized by high levels of investment in education and research, which is driving the development of advanced and sophisticated educational robots. Further, the Germany Educational Robots market held the largest market share, and the UK Educational Robots market was the fastest-growing market in the European region.

North America is one of the largest markets for educational robots and holds a significant market share globally. This can be attributed to several factors, including the strong presence of technology companies in the region, high levels of investment in education and research, and the increasing adoption of technology in the education sector. In North America, educational robots are widely used in both formal and informal educational settings and are being increasingly adopted by schools, universities, and other educational institutions to enhance the learning experience of students. The region is also home to some of the largest and most advanced technology companies, which are investing heavily in the development of educational robots. Moreover, the U.S. Educational Robots market held the largest market share, and the Canada Educational Robots market was the fastest-growing market in the North American region.

Educational Robots Key Market Players & Competitive Insights

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Educational Robots. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Educational Robots industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Educational Robots industry to benefit customers and expand the market sector. Major Educational Robots market players, including SoftBank, BLUE FROG ROBOTICS, Aisoy Robotics, QIHAN Technology Co., FANUC, ST Robot Co., Hanson Robotics, PAL Robotics, Probotics America, Wonder Workshop, Ozobot & Evollve, Inc., Makeblock, Co. Ltd, and Modular Robotics, and others, are attempting to increase market demand by funding R&D initiatives.

SoftBank Group is a multinational conglomerate holding company based in Japan. SoftBank's main areas of business include telecommunications, Internet services, and technology investments. The company is the parent company of several well-known subsidiaries, including SoftBank Telecom, SoftBank Vision Fund, Arm Holdings, and Sprint Corporation. SoftBank has been at the forefront of several key technological innovations and has invested heavily in the development of cutting-edge technologies, including artificial intelligence, robotics, and the Internet of Things. The company has also been a major player in the telecommunications industry and has helped to drive the growth of mobile and broadband networks in Japan and other countries.

Blue Frog Robotics is a French robotics company that specializes in the development of social and emotional robots for the consumer and education markets. Blue Frog Robotics is known for its flagship product, Buddy, a social and emotional robot that is designed to interact with and support families, seniors, and children. Buddy is equipped with advanced technologies such as facial recognition, voice recognition, and natural language processing, which enable it to interact with humans naturally and intuitively.

Key Companies in the Educational Robots market includes

• SoftBank


• BLUE FROG ROBOTICS


• Aisoy Robotics


• QIHAN Technology Co.


• FANUC


• ST Robot Co.


• Hanson Robotics


• PAL Robotics


• Probotics America


• Wonder Workshop


• Ozobot & Evollve, Inc.


• Makeblock, Co. Ltd


• Modular Robotics among others

Educational Robots Industry Developments

March 2022: FANUC CORPORATION announced the introduction of the new CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots.

Educational Robots Market Segmentation

Educational Robots Component Outlook

• Hardware


• Software

Educational Robots Type Outlook

• Humanoid


• Non-humanoid)

Educational Robots Application Outlook

• Formal


• Informal education

Educational Robots Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America