The North America Educational Robots Market would witness market growth of 14.5% CAGR during the forecast period (2021-2027).
Educational robotics is a proven cost-effective method in comparison to traditional teaching practices as it does not require wages to perform its job. Educational robots totally work on electricity. They are built with an including artificial muscle system to implement the instructions from the brain system, to move the body, and a sensor to receive the information about its surroundings. The brain system of the robot instructs the sensor and the power source, planted in the body of the robot to activate muscles on instructions, of the robot to move its body and sense its surroundings.
In North America, the growing attention toward science, technology, engineering, and mathematics (STEM) is promoting the growth of the educational robots market in the region. Further, educational robots assist the institutes to deliver STEM education to modern education as it is designed with higher computing capacities. It accelerates natural learning and the adoption of a computational mindset.
Several education institutions are investing a significant amount in the adoption of educational robots in their education system. This increasing digitalization in the regional education industry is creating demand for various advanced technologies and robotics like educational robots, which would augment the growth of the regional market over the forecast period.
The US market dominated the North America Primary Education Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $166 Million by 2027. The Canada market is estimated to grow at a CAGR of 18% during (2021 - 2027). Additionally, The Mexico market would anticipate a CAGR of 16.9% during (2021 - 2027).
Based on Application, the market is segmented into Higher Education, Secondary Education, Primary Education, and Others Applications. Based on Product type, the market is segmented into Non-Humanoid and Humanoid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Educational Robots Market is Estimated to reach $2,872.8 million by 2027, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, FANUC Corporation, Yaskawa Electric Corporation, SoftBank Group Corporation (SoftBank Robotics), Teradyne, Inc. (Universal Robots), Techman Robot, Inc. (Quanta Storage, Inc.), Seiko Epson Corporation, Hanson Robotics Limited, SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited), and Kuka AG.
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