Industrial robot has witnessed as significant growth in educational robot market during forecasted period

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.

Due to the increased use of robotics in education and the rising demand for STEM education, the market for educational robots has experienced tremendous expansion in recent years. Students can learn through doing with educational robots, which helps them improve their problem-solving, critical thinking, and programming abilities.

The growing emphasis on STEM education is one of the major factors driving the market for educational robots. Science, technology, engineering, and math (STEM) education is intended to promote education in these fields and is considered essential for preparing students for professions of the future. In STEM education, educational robots are being utilised more and more to give students hands-on experience with robotics, programming, and engineering.

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For more than a decade, robotics in education has gained significant attention across Europe. The introduction of cost-efficient robotic educational solutions in Europe has been sponsored by various educational organizations in the region, which is stimulating the growth of the educational robot market. Alsoy Robotics (Spain), a provider of educational robots, has gained a strong foothold in the European market by providing robotic education solutions in various languages, such as English, Spanish, French, German, Dutch, and Italian. Moreover, universities such as Cambridge University (UK), ETH Zurich (Switzerland), and Technical University of Berlin (Germany) are engaged in R&D activities for the development of AI and robotic technologies.

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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