Educational Robot Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the educational robot market was valued at USD 1.4 billion in 2023, and a CAGR of 18.1% is expected during the forecast period. Increasing usage of robots in the manufacturing sector, which is creating more job opportunities, is driving growth in the market significantly. Developed and emerging countries all over the world are emphasizing the development of educational robots, and it is enhancing the market growth significantly. The development of humanoid robots for the service industry is driving growth in the market significantly.

Increasing demand for collaborative robots, which are easier to program and design, is bringing a positive impact in the market. Presence of Universities, Schools, Colleges, and other Institutions are the key factor behind the significant growth in the market. Promotion of e-learning and online education is another significant factor behind the market growth.

Growth Drivers

Technological advancement all over the world is driving growth in the educational robot market significantly. Rising use of these robots in universities, schools, and special institutions is the key factor behind the significant growth in the market. Widespread use of e-learning platforms is driving the market positively. Science, Technology, Engineering, and Mathematics is made more interesting for the students by using these robots. Educational robots provide hands-on learning experiences that make STEM subjects engaging and interactive.

Innovations in robotics, machine learning, and artificial intelligence have made educational robots more advanced, accessible, and affordable. Increasing growth in subsidies and incentives provided by many governments to schools and universities is driving the market towards a new height. High investment in education technology is driving growth in the Education Robotics Market significantly.

Many nations are implementing digital transformations in education and also encouraging the adoption of educational robots. Educational robots also foster experiential learning by enabling students to build, program, and interact with robots, which do enhance problem-solving and critical thinking skills. The pandemic accelerated the adoption of digital learning tools. Educational robots, integrated with remote and online learning platforms, contribute to playing a role in hybrid learning environments. Robots tailored for younger children, featuring interactive and gamified content, are increasingly being used in early education to teach basic literacy, numeracy, and social skills.

Segmentation

By Type

·         Humanoid

·         Non-Humanoid

By Application

·         Primary Education

·         Secondary Education

·         Higher Education

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Education Robot Market by Application Segmentation

On the basis of the application, the Education Robot Market is segmented into Primary Education, Secondary Education, Higher Education, and Others. Primary Education is the leading market segment, and is expected to dominate the market during the forecast period. Robots designed for the primary education is focused on making learning, engaging, and fun. Which is especially effective for younger students. Primary education strongly focuses on numeracy, literacy, and basic problem-solving skills.

Schools and Parents are adopting Educational Robot because they help children build their essential skills through personalized learning. Global push for STEM education often begins at primary level. Many Governments and Organizations are funding for integrating robotics into primary education. Many nations are implementing digital transformations in education and also encouraging the adoption of educational robots. Educational robots also foster experiential learning by enabling students to build, program, and interact with robots, which do enhance problem-solving and critical thinking skills.           

Regional Outlook

On the basis of the regions, the educational robot market is segmented into 5 types: North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. North America is the leading segment and is expected to dominate the market during the forecast period due to its robust technical infrastructure and facilities. The U.S. and Canada prioritize STEM (Science, Technology, Mathematics, and Engineering) education in their curricula to make students mentally prepare for technology-oriented careers.

A high rate of adoption of emerging technologies in the region, such as AI, machine learning, and IoT, is significantly contributing to the market’s growth. High adoption rates of innovative technologies in education are driving the market towards success. Due to the high investment in education technology and the presence of key players in the market, such as iRobot and SoftBank Robotics, growth in the market is being driven. Rising use of these robots in universities, schools, and small institutions are driving growth in the market significantly. Rising disposable income, and Increasing initiatives taken by many a governments and organizations are driving growth in the market significantly.

 Asia Pacific is another leading region, with governments emphasizing STEM education, and rapid urbanization, along with a growing middle class willing to invest in educational tools, are driving factors in the region. The expanding presence of robotics companies and startups in countries like China, Japan, South Korea, and Thailand is significantly contributing to the market’s growth. The presence of key players in North America and Asia Pacific is the key reason behind the significant growth. The region is home to several leading tech companies, enabling rapid innovations in educational robots. Promotion of e-learning and online education is another significant factor behind the market growth in the Asia Pacific region.

Educational robots are basically used to keep students engaged and to enhance their thinking and problem-solving skills. With strong manufacturing capabilities and technological advancements, China and Japan are two big markets in the world in the field of educational robotics. The European market, due to the presence of big universities, schools, and colleges, and technically good infrastructure, is witnessing significant growth in the market. Students from all over the world usually head towards European countries for higher education, and countries such as Germany, France, the UK, Italy, Spain, the Netherlands, and Denmark are witnessing significant growth in the market. Middle East and Africa, and Latin America are also witnessing moderate growth in the market due to increasing awareness about benefits of robots in educational sectors. Countries like Saudi Arabia, U.A.E., Israel, South Africa, and Egypt are witnessing significant growth in the market.

 Key Players

·         Aisoy Robotics

·         Modular Robotics

·         PAL Robotics

·         Probiotics America

·         Hanson Robotics Limited

·         Other Players