Educational Robot Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3423
Educational Robot Market size is predicted to achieve healthy growth rate from 2019 to 2025 impelled by rapid technological advancements in the education sector globally. The rapid adoption of robotic systems in K-12 schools owing to their effective interaction capability is creating a high product demand. Increasing utilization of new technologies such as teaching robots, digital whiteboards, and e-learning techniques to provide better facilities has led to the educational robot market growth. These systems have various interactive features and are capable of communicating with students, further promoting their utilization in schools, colleges, and educational institutes. The adoption of technically advanced systems will reduce the human errors involved in teaching practices. The robots can be used as an aid for teaching disabled students through virtual training sessions and classrooms. Additionally, the educational robot market products are providing easy learning options to foreign students due to the availability of several language options.
Major factors concerning the educational robot market are high initial cost & high-power consumption. The robots consume a high amount of power to charge & function, which will increase the overall consumption of power of when robots are implemented in schools. The implementation of these products in schools and colleges will increase the rate of unemployment in the educational industry. Additionally, the lack of personal engagement is a concerning factor as traditional human educators are capable of offering personal guidance to students. These systems are programmed using algorithms, making the teaching style inflexible as compared to human teachers. Additionally, robots include expensive components, which will increase the overall product price. Maintenance and upgrades of these products require skilled technicians and high investments. The developments in the field of AI & robotics will support in overcoming some challenges in the educational robot market.
Increasing expenditure in educational R&D activities and the popularity of these systems as a learning tool will drive the educational robot market growth. These activities will support the development of innovative and affordable products, which will suffice the growing demand. The implementation of artificial intelligence technologies in new robotic products is an emerging trend in the educational robot market. Such technical advancements aid in increasing the efficiency and flexibility in various teaching methods. AI-based robots are increasingly implemented in various training tasks, substantially reducing the required time. These systems are being programmed for complex subjects such as cardiac surgery, aerospace engineering, etc., further driving the market growth.
In the educational robot market, hardware components are expected to gain high traction owing to their implementation in various robotic systems such as technological, vocational, literature, etc. These components are essential functioning parts, which will aid robots in performing activities such as movement and analysis. The hardware components have gained popularity across the globe due to their efficient human motion detection features with the help of cameras and sensors. Additionally, the use of LiDAR, and RADAR solutions aid robotic systems in functions such as facial, gesture, and object recognition. The microphone is utilized for voice and command recognition feature. These features provided by hardware components are leading to rapid development in the educational robot market demand.
The applications of these products in the K-12 schools are adding up to educational robot market growth. Interactive capabilities of the robots are gaining popularity among students and promoting their high utilization in schools and colleges. Several schools are switching toward robotic products due to the appealing communication features, creating a high attraction among the students and building up their interest in these study techniques. The robotic systems are programmed to perform certain tasks repetitively, which will promote their utilization in schools and college for evaluation & examination tasks. These features will reduce human errors and enhance operational performance, further supporting industry expansion.
North America is expected to grow rapidly in the educational robot market over the forecast time span owing to the early adoption of technically advanced products in the education industry. The U.S. government has made huge investments for educational development, which will support the adoption of technically advanced devices such as robots, digital boards, etc. Several emerging startups & major players in the market operate from the Asia Pacific region. Increasing R&D activities and innovations in this region are expected to fuel industry growth. The developing economies including China and India are investing heavily in the education sector leading to the educational robot market expansion. For Instance, in July 2018, LG Electronics announced its investment in Robotis, a South Korean company specializing in the production of educational robot systems.
Players operating in the educational robot market include Wonder Workshop, Inc., Ozobot & Evollve, Inc., Makeblock, Co. Ltd., Hanson Robotics Ltd., Robotis, Sphero, Lego Mindstorm NXT, Pitsco, Inc., and Robothink. These companies operating in the market have adopted growth & development strategies such as new product launches, innovations, mergers, acquisitions, partnerships, and collaborations to strengthen the product portfolio and gain high revenues. For instance, in January 2019, Hanson Robotics Ltd. announced the launch of little Sophia. This robot is based on artificial intelligence, designed for kids between 7-13 years of age. Also, in April 2019, Lego Mindstrom NXT, announced its new Spike Prime programmable robot created specifically for sixth to eighth grade students.
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