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Rising dependence on IoT increasing deployment of advanced technologies in education sector, and concerns regarding electronics devices

VANCOUVER, BC, CANADA, September 6, 2022 /EINPresswire.com/ -- The global educational robot market size is expected to reach USD 4.02 Billion in 2028 and register a robust revenue CAGR of 17.9% during the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing government incentives and regulations regarding usage of robots for education purposes across various sectors such as for designing, building, programing, and computing.

Engagement of robots in professional education such as medical, engineering, space, and scientific research is boosting revenue growth of the global educational robot market. Rapid shift to digitalization in developed and developing countries is further driving factor revenue growth of the global educational robot market. Educational robots enhance the teaching methodology in a positive manner, and the trend is expected to gain traction going forward.

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Technological advancements in educational robots is expected to further result in deployment of more advanced systems in future. Availability of software analytics and sensors, which enables more positive identification of challenges faced by different students within the classroom is resulting in increasing demand for educational robots. Increasing adoption of IoT-based robots for monitoring educational level is also boosting market growth.

Key Highlights from the Report

In October 2020, Softbank Robotics Group announced the change of Aldebaran brand to SoftBank Robotics. The companies are expected to expand availability in terms of educational robots and other devices in the market.

Software segment accounted for largest revenue share in 2020. Increasing investment by major market players such as Hanson Robotics, Pal Robotics, Probotics America, Qihan Technology Co., and Softbank Robotics for incorporation of data visualization software in their existing educational robots is expected to support growth of the software platforms in the market.

Professional education segment revenue is expected to expand at a robust CAGR of 18.8% during the forecast period. Medical, mechanical engineering, electronics engineering, and science are applicable in professional education and is a key factor driving adoption of these systems.

Competitive Terrain:

The Global Educational Robot Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

Some major companies in the global market report include Hanson Robotics, Lego group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Softbank Robotics, Robobuilder Co. Ltd., DST Robot Co, and Adele Robots.

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Emergen Research has segmented the global educational robot market on the basis of constituents, type, education level, and region:

Constituents Outlook (Revenue, USD Billion; 2021–2028)

Software

Hardware

Controllers

Sensor and Actuators

Type Outlook (Revenue, USD Billion; 2021–2028)

Pre-programmed Robot

Humanoid Robot

Autonomous Robot

Tele-operated Robot

Augmenting Robot

Education level Outlook (Revenue, USD Billion; 2021–2028)

Primary

Secondary

Professional

Key Benefits of Buying the Global Educational Robot Report:

Comprehensive analysis of the changing competitive landscape

Assists in decision making processes for the businesses along with detailed strategic planning methodologies

The report offers an 8-year forecast and assessment of the Global Educational Robot Market

Helps in understanding the key product segments and their estimated growth rate

In-depth analysis of market drivers, restraints, trends, and opportunities

Comprehensive regional analysis of the Global Educational Robot Market

Extensive profiling of the key stakeholders of the business sphere

Detailed analysis of the factors influencing the growth of the Global Educational Robot Market

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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Regional Outlook of Educational Robot Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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