Educational robot Market to Reach US$ 3,327.7 Million at a 20.2% CAGR by 2028 - COVID-19 Impact and Global Analysis by The Insight Partners

NEW YORK, Aug. 5, 2021 /PRNewswire/ -- According to new research study on "Educational Robot Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and Geography," the market is projected to reach US$ 3,327.7 million by 2028 from US$ 794.2 million in 2020; it is expected to grow at a CAGR of 20.2% during 2021–2028.

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Educational institutes are striving to improve the teaching methods in Science, Technology, Engineering, and Mathematics (STEM) disciplines. Educational robots are likely to help them improve these methods, as they have high computing power, which helps them deliver STEM lessons to modern education. These robots help the learns adopt the principle of computational thinking. Moreover, the do-it-yourself (DIY) kits are boon for the educational robot markets as they enable to design and program and enhances the problem learning skills among STEM students. Schools and colleges are including robotics in curricula to inculcate problem-solving skills among students. Moreover, various government initiatives and programs are encouraging the education institutes to adopt robotics-assisted learning. These factors are significantly driving the global educational robot market growth.

North America led the global educational robot market in 2020. Robotics has been highly adopted across schools, colleges, and research institutes in the US and Canada for teaching purposes. However, during the COVID-19 pandemic, all primary and higher education institutes along with research institutes were temporarily shut down to combat the rapid spread of the virus, which lowered the demand for educational robots. Moreover, the strict lockdown imposed across the region also affected the robot manufacturing and assembly processes as well as supply chains, thereby restraining the educational robot market growth in the region.

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Increasing Demands for Robots for Learning Language to Propel Educational robot Market Growth in Coming Years

The humanoid robots have human-like features, and they can interact using social tools and the environment. Human–Robot interaction has gained considerable attention at research centers and educational institutes. In addition to their applications in STEM education, robots are being used for developing communication skills among children in various countries, as they can be integrated with various languages. In 2018, the Ministry of Education in Japan announced the deployment of 500 robots in schools to improve English speaking capabilities of students. Furthermore, European research project named L2TOR used Robin, a social robot, during 2016–2018, which was deployed in nine schools to teach young children ages between four to six second language, English. With growing preference for innovative teaching methods and increasing adoption of humanoid robots across the primary to higher education, the educational robot market players are growing at a significant pace. 

Educational robot market: Application Overview

Based on application, the educational robot market is segmented into primary education, secondary education, and higher education, and others. The higher education segment led the market in 2020. Schools, universities, and other institutions in various countries are heavily capitalizing on STEM learning.

Additionally, the schools digitalizing their infrastructure, which supports the adoption of robots.

Educational robot Market: Competitive Landscape and Key Developments

Aisoy Robotics; Hanson Robotics Limited; Modular Robotics; PAL Robotics; Probotics America; Sanbot Innovation Technology., Ltd; Life & Science, Inc.; Robotis Co., Ltd.; SoftBank Robotics Group Corp.; and Lego System A/S are among the key players that are profiled during this market study. In addition to these players, several other essential market players were also studied and analyzed to get a holistic view of the global educational robot market and its ecosystem.

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In 2020, Modular Robotics launched Cubelets Console, a software that allows users to program the cubelets by replacing C programming apps and Blockly.

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