Innovations in Education : Market Analysis of the Educational Robotics Industry

The global educational robot market size is expected to grow from USD 1.4 billion in 2022 to USD 3.2 billion by 2027, at a CAGR of 17.3% during the forecasted period. The major drivers for the growth of educational robot market include growing demand for collaborative robots in educational and industrial sector, increase in research and product development of humanoid robots to transform service sector, and increase in penetration of robots in manufacturing industries to promote new job opportunities.

Interactive, programmable robots called educational robots are used to teach STEM topics (science, technology, engineering, and mathematics). These robots can be used to teach a number of courses, from fundamental coding and programming to sophisticated robotics and artificial intelligence. They come in various sizes, forms, and capabilities.

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Benefits of using Educational Robots in the Classroom

Hands-on Learning Experience:  Educational robots give pupils a hands-on learning opportunity that allows them to remember the lessons they've learned in class. Students are better able to retain information and gain a deeper comprehension of the subjects they are studying as a result.

Encourages Creativity and Innovation: In the classroom, the employment of instructional robots fosters innovation and creativity. By designing and constructing their own robots, students are given the chance to explore their interests and realise their potential.

The educational robot market presents several opportunities for growth and innovation, including:

Expansion into Emerging Markets:  Many emerging markets have not yet seen the educational robot market, which creates a large prospect for expansion. The market for educational robots is anticipated to develop as demand for STEM education rises in these areas.

Development of New Technologies: More advanced educational robots, such as those with artificial intelligence and augmented reality capabilities, are in high demand. These technologies are being developed by businesses in the educational robot industry, opening up new prospects for development and innovation.

Growing Demand for Online Education: As online courses and virtual classrooms become more widespread, the market for educational robots has gained new prospects. In these virtual settings, educational robots can be crucial in giving students hands-on learning opportunities.

The market for educational robots is anticipated to grow significantly over the next few years as a result of rising adoption in colleges and universities, market expansion into emerging regions, the development of novel technologies, collaborations with governmental and nonprofit institutions, and rising interest in online learning. Businesses in the educational robot sector are ideally positioned to take advantage of these chances and shape the direction of STEM education in the future.

Key Players :

ABB (Switzerland), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), Universal Robots (Denmark), SoftBank Robotics Group (Japan), Hanson Robotics (China), ROBOTIS (South Korea), Robolink (US), UBTECH Robotics (China) are few major players in the educational robot market.

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