Educational Robot Market : Research and development related to humanoid robots to transform the service industry

Posted September 20, 2021 by prashantvi

the educational robot market is projected to grow from USD 1.3 billion in 2021 to USD 2.6 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.1% from 2021 to 2026
The educational robot market is expected to grow from USD 1.3 billion in 2021 to USD 2.6 billion by 2026, at a CAGR of 16.1% during the forecast period. Steady deployment of robots in manufacturing industries is facilitating the growth robotic education and training centres. Growing demand for collaborative robots across education and industry segments is expected to promote new job opportunities in the industrial robot segment as well. Meanwhile, research and development on humanoid robots to transform the service industry. These are the primary drivers pertaining to the educational robot market.

There has been a rise in the number of secondary schools around the world that offer robotics classes and related disciplines to prepare students for industries being transformed by robotic automation. The schools are adapting educational materials developed by industrial robot manufacturers and building special labs.

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The idea is to give the students a foundation on industrial technology’s workings and, in some cases, expose them to careers in the automated manufacturing industry. The goal of such schools is for participants to gain a basic foundation in programming and operating industrial robots. Students can also receive a certificate that recognizes their proficiency in operating a robotic arm from any industrial robot manufacturer that is being adopted by their school. This is expected to provide a market opportunity for industrial robot education for the high school education segment

Market for special education projected to grow with significant rate during the forecast period

Humanoid robots hold a niche, but dedicated market for catering to children with special needs. Collaborative robot technology is also being explored for assisting differently abled people. Due to the fast-growing nature of this segment, the special education segment is expected to have the fastest growth. However, the market for higher education segment is expected to have the largest share of the market during the forecast period.

Market in APAC estimated to grow at the fastest rate during forecast period

APAC is expected to adopt educational robots at a fast rate driven by government initiatives for advancing education in the region. Additionally, technological advancements in the field of robotics made by the regional players further provide opportunities for introducing educational robots in the study curriculum. Japan and South Korea are making relentless strides for the development of various types of robots. Hence, it is expected that APAC will surpass the market in North America for educational robots during the forecast period.

Major vendors in the educational market include ABB (Switzerland), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), Universal Robots (Denmark), Softbank Robotics Group (Japan), Hanson Robotics (China), ROBOTIS (South Korea), Robolink (US), and Probotics America (US). Apart from these, Photon Entertainment (Poland) and Emotix (India) are among a few emerging companies in the educational robot market.

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Issued By marketsandmarkets
Country United States
Categories Electronics , Semiconductors
Tags educational robot market
Last Updated September 20, 2021