Educational Robot Market Set to Grow at a CAGR of 17.1% to Hit USD 5.0 Billion by 2030

Report Overview

The educational robot market encompasses a wide range of robotic platforms designed specifically for educational purposes. These robots vary in complexity, from simple kits that teach basic programming concepts to sophisticated platforms used for advanced robotics research and education. Educational robots are increasingly being utilized in special education programs to cater to diverse learning needs, providing a personalized and adaptive learning experience.

According to the research report, the global educational robot market was valued at USD 1.2 billion in 2021 and is expected to reach USD 5.0 billion by 2030, to grow at a CAGR of 17.1% during the forecast period.

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Educational robots are quickly being used in K–5 and K–12 schools as well as other educational institutions due to their effective interactive capabilities. For instance, in February 2022, Miko 3, a kid-friendly learning robot driven by AI, was introduced in India by Miko. The most engaging teaching opportunities are provided by Miko, the firm that introduced the robot, Miko 3. The cognitive and developmental needs of kids between the ages of 5 and 10 are supposedly met by Miko 3. Thus, these robots are rapidly adopted across the verticals.

Additionally, the market growth has been boosted by the growing usage of e-learning approaches like teaching robots, electronic whiteboards, and flip classrooms that offer an effective method of knowledge transmission. For instance, in July 2022, The innovative "Eagle Robot," created by Indus International School, is the first educational robot in India. It is very interactive, experiences, & emulating emotions through the digital face. Hence, technical advancements have improved these robots' general functionality and made them more user-friendly, such as creating advanced variations with autonomous movement and environmental sensors to detect nearby impediments. Therefore, these initiatives are boosting growth over the forecast period.

 Additionally, teachers have benefited from the introduction of robots and the widespread use of robotics in educational settings since it makes learning processes simpler and more comfortable for students of all ages. Elementary schools, colleges, and special education facilities all use these robots substantially. Robots used in education help students develop cognitive abilities at an early age. Also, future growth in the global market's revenue is anticipated to be fueled by ongoing research into using sophisticated robot features and integrating industrial robots into higher education programs.

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Growth Drivers:

STEM Education Emphasis: Governments, educational institutions, and parents are increasingly recognizing the importance of STEM education in preparing students for the future workforce. Educational robots provide hands-on learning experiences that make abstract concepts tangible and engaging.

Technological Advancements: Advances in robotics, artificial intelligence, and programming languages have made educational robots more accessible, affordable, and versatile. These advancements have led to the development of robots that can be programmed and controlled using intuitive interfaces, making them suitable for learners of all ages.

Demand for 21st-century Skills: In addition to technical skills, there is a growing demand for soft skills such as problem-solving, collaboration, and creativity. Educational robots encourage students to think critically, work in teams, and apply interdisciplinary knowledge to solve real-world problems.

Applications:

1. Programming and Coding: Educational robots serve as a platform for teaching programming and coding concepts to students of all ages. Through interactive programming interfaces, students can learn to write code to control the robot's movements, sensors, and actuators.
2. STEM Education: Educational robots are widely used in STEM education programs to teach concepts in science, technology, engineering, and mathematics. Students can explore principles of physics, mechanics, electronics, and mathematics through hands-on robot-building and programming activities.

Educational Robot Market Report Highlights

• Non-Humanoid segment is anticipated to grow at a high CAGR over the forecast period. This can be attributable to non-humanoid robots being less expensive than humanoid robots. This industry is expanding as a result of the rising desire for intelligent toys that can speak with kids, replicate motions, recognize faces, and provide basic learning opportunities.
• The primary Education segment accounted for a major global revenue share. This is due to the growing need to promote Science, Technology, Engineering, Art, and Math (STEAM) training to kids under 10 to foster a curious mind, independent thought, and a holistic approach to education.
• Asia-Pacific is expected to grow rapidly over the projected period. The region's increasing technological development is also anticipated to drive market expansion there.
• The global players include ArcBotics LLC, ABB Limited, Fanuc Corporation, KUKA AG, Parallax Inc., Robobuilder, Softbank Robotics, LEGO Group., YASKAWA ELECTRIC CORPORATION., and Wonder Workshop.

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Polaris Market Research has segmented the educational robot market report based on component, product type, application, and region:

 Educational Robot, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Service Robot
• Humanoid
• Non-Humanoid
• Industrial Robot

Educational Robot, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Primary Education
• Secondary Education
• Higher Education
• Special Education
• Others

Educational Robot, Component Outlook (Revenue - USD Billion, 2018 - 2030)

• Hardware
• Robotics Arms
• End Effectors
• Actuators/Drives
• Controllers
• Sensors
• Power Source System
• Others
• Software

Educational Robot, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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