Published Date: 24-Jan-2022
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According to a new report Global Educational Robots Market, published by KBV research, The Global Educational Robots Market size is expected to reach $2,872.8 million by 2027, rising at a market growth of 15.4% CAGR during the forecast period.
The Higher Education market dominated the Global Educational Robots Market by Application in 2020 thereby growing at a CAGR of 14.9% during the forecast period. It is due to the fact that there are numerous complications attached to these robots and older students think more creatively and need difficult inputs out of the ability of robots. Moreover, the rising demand for robots in research and development assessments that involves real-life applications is accelerating the growth of this segment.
The Non-Humanoid market dominated the Global Educational Robots Market by Product Type in 2020 thereby growing at a CAGR of 15% during the forecast period. The rising demand for smart toys that have the ability of face recognition, imitate actions, and interact with the children along with delivering basic learning actions may become the major growth catalyst for the educational robot in the market. The non-humanoid robots are designed by using computers and can perform various actions, which enables the designers & programmers to put more innovations in their designs
The North America market dominated the Global Educational Robots Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $970.2 Million by 2027. The Europe market is estimated to witness a CAGR of 15% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 16.8% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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