Market Research Of Global Educational Robots Market By Knowledge Sourcing Intelligence
INTRODUCTION
Global
educational robots market is estimated to reach a market size of US$640.594
million by 2023 at a CAGR of 27.87% over the forecast period from the current
estimate of US$146.513 million in 2017. Educational robots include the
collection of activities, educational resources, pedagogical philosophy and
physical platforms for the transfer of knowledge. The market is
expected to grow at an impressive rate owing to the evolving capabilities of
robots. These robots can be used to help students with autism to learn social
skills.
However, reluctance to incorporate robots in the curriculum by the teaching
staff is restraining the growth of this market. Region-wise, Europe holds a
significant share in the market owing to the increasing investments in the
field of educational robots so as to impart interactive and hands-on education
to the children in the schools and universities. Market Research is done by
the knowledge sourcing industry due to the huge scope with the respective
industry.
Sample
view of global educational robots market share
GLOBAL EDUCATIONAL ROBOTS MARKET BY GEOGRAPHY
Geographically, global
educational robots market is segmented as North America, Europe,
Asia-Pacific (APAC), and the rest of the world (RoW). Europe accounted for a
significant market share in 2017 owing to the high adoption of robots across
the education sector supported by the high investment by government to boost the
overall robotic industry in the region. North America also holds
a considerable market share as countries like the U.S. and Canada are
strengthening their K-12 education sector by way of using robotic technology to
make learning a better experience. APAC is projected to witness the fastest
regional market growth owing to rising demand for programmable robots in
classrooms as a part of a growing trend among schools in APAC countries like
China and Thailand to incorporate robotics in the education industry.
Furthermore, favorable government support to transform the education sector is
also spurring the demand for educational robots in the region. The Singaporean
government is investing in the adoption of the educational robot ‘KIBO’ which
allows young students to program robots for performing different tasks.
Sample
view of global educational robots market share
North America
North America educational robot market will expand at a CAGR of XX% during the forecast
period, reaching a total market size of US$XX million in 2023 from US$XX
million in 2017. The region is further segmented into the United States, Canada and
Others. This growth is attributed to the rising adoption of smart
education tools and robots across the various schools in the region. The
rising automation in the field of education will also boost the adoption
of these robots in the region during the forecast period.
United States (The U.S.)
The United
States educational robots market is anticipated to expand at a CAGR
of XX% during the forecast period, reaching a total market size of US$XX
million in 2023 from US$XX million in 2017. The growth is attributed to the
increasing initiatives undertaken by the government and
other organizations coupled with the adoption of the smart education
tools and advanced educational techniques by both private and public
schools. For instance, Bill and Melinda Gates Foundation spent
approximately $500 million on education initiatives in the United States. Rising
adoption of educational robots in K-12 schools in the region owing to
their effective interactive capability will bolster the market growth. Budding
adoption of robots in the classroom and high market growth rate is augmenting
several companies to enter the market. In July 2018, Ohbot, a
Gloucestershire company secured contracts to send educational
robots in the US, Australia, and Canada with support from the Department
for International Trade (DIT). Various universities also have their
own robotics department which develops proprietary robotic solutions
for educational purposes. Robots are gaining more of a foothold
in the educational world specifically for children with special needs. For
instance, in July 2018, a group of Brigham Young University students create a robot to help kids with autism. Favorable government
policies and a rise in the number of corporations offering cost-effective
educational robots will bolster the growth of the market in the country over
the next six years.
Europe
European educational
robots Market will expand at a CAGR of XX% during the forecast
period, reaching a total market size of US$XX million in 2023 from US$XX
million in 2017. The region is further segmented into countries that are major
markets for educational robot vendors. A number of robotic companies
are vying for this lucrative regional market for educational robots since many
schools are including coding instructions into their curriculum. A Polish
company, Photon Entertainment, manufactures Photon which is a small wheeled
robot that teaches young children to code. Moreover, many special schools have
already started using these robots to enhance the learning experience of
special children. High adoption of automation across various industries also
encourages the region’s education sector to provide a hands-on introduction to
robotic technology which will further boost the adoption of educational robots.
Under the educational project Roberta in Germany, students work with robots to
learn how to design, construct, program and test mobile
robots.
United Kingdom (UK)
UK educational robots market
is anticipated to grow at a CAGR of XX% during the forecast period, reaching a
total market size of US$XX million in 2023 from US$XX million in 2017. The
UK’s education sector is one of the fastest-growing sectors in the country with
rising investments from a large number of digital companies as financial
technology. The country contributes more than 30% of the total educational
technology venture capital and angel funding in Europe. As a result,
educational institutions have started using robots to make classrooms more
interactive. In June 2016, The London Design and Engineering University
Technical College became the first school in the UK to introduce the humanoid
robot ‘Pepper’ into the classroom. Priors Court School for autistic
children and young adults has also been using Steve, an interactive humanoid
robot, to help pupils develop their social skills.
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