GVR Report cover Educational Robots Market Size, Share & Trends Report

Educational Robots Market Size, Share & Trends Analysis Report By Product Type (Non-Humanoid, Humanoid), By Application (Primary, Higher), By Region (APAC, Europe, North America), And Segment Forecasts, 2021 - 2028

  • Report ID: GVR-4-68039-714-2
  • Number of Pages: 100
  • Format: Electronic (PDF)
  • Historical Range: 2016 - 2019
  • Industry: Technology

Report Overview

The global educational robots market size was valued at USD 843.82 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 19.8% from 2021 to 2028. Educational robots form an environment where children can interact with their environment and work with real-world problems; in this sense, educational robotics can be a great tool for children to have constructionist learning experiences. Students’ creative problem-solving and communication & interpersonal abilities can all improve as a result of working with them. As a result, these robots are widely used in special-education institutes, schools, and universities that provide higher education. The COVID-19 pandemic has significantly impacted the global market in 2020 and key players are still struggling to recover from losses incurred during the pandemic.

U.S. educational robots market size, by application, 2018 - 2028 (USD Million)

The pandemic forced governments to seal global borders and temporarily shut industrial operations, markets, educational institutions, and other public places in 2020. The closure of training centers, universities, schools, and the restrictions imposed on import, export, and manufacturing led to a notable drop in sales of educational robots. In addition, the high initial investment costs associated with the purchase of educational robots could hamper the growth of the market.

However, the ongoing technological developments in the field of robotics and the widespread adoption of e-learning systems are expected to drive the growth of the market in the near future. The increasing adoption of robots for the improvement of kids’ communication skills is also boosting the product demand. In addition, factors such as a rise in the number of educational robot startups and increasing investments by non-government & government organizations in educational robotics, are expected to offer major growth opportunities to the market over the forecast period.

Application Insights

The higher education segment accounted for the largest revenue share of more than 36% in 2020 and is expected to maintain its leading position over the forecast period. This can be attributed to the complexities involved in building robots as older students are more rational thinkers and require complex input from the robot’s abilities. In addition, the increasing demand for robots in research and development projects that involve real-life applications is driving the market share of this segment.

The primary education segment accounted for a significant market share in 2020 and is projected to grow at the fastest CAGR over the forecast period. This can be attributed to the increasing need to introduce Science, Technology, Engineering, Art, and Math (STEAM) education to children under the age of 10 years to develop independent thinking, a comprehensive approach to learning, and encourage natural curiosity.

Product Type Insights

The global market has been segmented into humanoid and non-humanoid, based on product type. The non-humanoid segment accounted for the largest revenue share more than f 59% in 2020 and is expected to continue to dominate the market over the forecast period. This can be attributed to the low cost of non-humanoid robots compared to humanoid robots. The growing demand for smart toys that can recognize faces, imitate actions, and communicate with children, while also enabling basic learning experiences, is also fueling the growth of this segment.

Global educational robots market share, by product type, 2020 (%)

The humanoid segment is anticipated to register the fastest CAGR over the forecast period. The growth of this segment can be attributed to the high demand for humanoid robots due to their advanced features and increasing set of applications across various areas in the educational sector. Some of these applications include assisting teachers in classes, conducting classes, and helping researchers in various projects that have real-life implications.

Regional Insights

North America dominated the market in 2020 with a revenue share of more than 32% and is anticipated to retain its position over the forecast period. The presence of major market vendors and high adoption of advanced technologies among the educational institutes owing to the rising popularity of activity-based education&changes in educational guidelines are the key factors driving the market growth in the region. Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period.

The growth of the regional market can be attributed to the increase in investments made by governments and Non-government Organizations (NGOs) in the field of robotics. For instance, Robotex India, a non-profit organization, provides robotics, Artificial Intelligence (AI), STEAM, IoT, and Machine Learning (ML) skills to students in urban as well as rural areas of India. The initiative is supported and funded by Digital India, MSH, NSDC, Ministry of IT & Electronics Govt. of India, UNEP, European Union, FICCI FLO, and other international & national government bodies. The growing technological awareness in the region is also expected to fuel the market growth across the region.

Key Companies & Market Share Insights

The market has a fragmented competitive landscape as it features various global and regional players. Leading industry players are adopting strategies, such as partnerships, collaborations, acquisitions & mergers, and agreements, to survive the highly competitive environment and expand their business footprints. Moreover, providers are spending extensively on R&D activities to develop advanced products and integrate new technologies and features in their offerings. For instance, in September 2019, Modular Robotics collaborated with a U.S.-based company, Dexter Industries, to design and build robotic teaching tools that encourage students to discover computational thinking, STEM (Science, Technology, Engineering, and Mathematics), and other innovative concepts. Some of the prominent players operating in the global educational robots market are:

  • Aisoy Robotics

  • Blue Frog Robotics & Buddy

  • Innovation First International Inc.

  • LEGO System A/S

  • Makeblock

  • Modular Robotics

  • Pal Robotics

  • Pitsco Inc.

  • Robotis

  • SoftBank Robotics

Educational Robots Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 928.20 million

Revenue forecast in 2028

USD 3,278.64 million

Growth rate

CAGR of 19.8% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product type, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Rest of Europe; China; India; Japan; Rest of Asia Pacific; Brazil; Mexico; Rest of Latin America

Key companies profiled

Aisoy Robotics; Blue Frog Robotics & Buddy; Innovation First International Inc.; LEGO System A/S; Makeblock; Modular Robotics; Pal Robotics; Pitsco Inc.; Robotis; SoftBank Robotics

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global educational robots market report based on product type, application, and region:

  • Product Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Humanoid

    • Non-Humanoid

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Primary

    • Secondary

    • Higher

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • Rest of Asia Pacific

    • Latin America

      • Brazil

      • Mexico

      • Rest of Latin America

    • Middle East & Africa

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