Karen's Blog

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 h...

INTRODUCTION A smart factory is an advanced and automated manufacturing facility with cyber-physical systems ensuring efficient movement of materials across the factory floor Smart Factories basically help in the Automation of the manufacturing process. Stringent industrial regulations regarding worker’s safety in hazardous working conditions have further augmented the need for these solutions across industries. The implementation of these solutions eliminates the involvement of the workforce at the production floor which reduces the risk of industrial accidents.  However, factors like high maintenance and initial cost and lack of skilled workforce hamper the market growth. Geographically, the Asia Pacific region is expected to dominate the Smart Factory Market over the forecasted period on account of high growth being observed in the manufacturing sector in emerging economies of China, and India.  Market Research...