In 2018, the global educational robot market was valued at approximately US$ 773.0 million and is projected to grow to US$ 3,386.5 million by 2027, reflecting a compound annual growth rate (CAGR) of 18.2% during the forecast period from 2019 to 2027.
The rapid advancements in technology are driving an increase in the use of robots across various sectors, including education. Educational institutions around the globe are prioritizing the enhancement of teaching methodologies by investing in innovative tools. The integration of educational robots is becoming increasingly popular as they assist in developing students' skills and knowledge through activities such as design, assembly, and operation of robots.
North America currently leads the global educational robot market, with the Asia-Pacific (APAC) region following closely. In the United States, educators are advocating for the incorporation of STEM (Science, Technology, Engineering, and Mathematics) curricula to meet the demands of a future workforce skilled in robotics and artificial intelligence. However, challenges persist, particularly regarding equitable access to these educational programs. Many low-income schools rely on external funding to implement such initiatives, resulting in a lack of robotic education opportunities. Furthermore, only a limited number of schools provide robotics education to all students throughout the academic year.
The APAC region is anticipated to experience the highest CAGR in the educational robot market during the forecast period. Countries like China and India are seeing significant annual growth in GDP and per capita income. However, the adoption of educational robots in schools remains less prevalent compared to developed nations. For example, in Indonesia, only a handful of schools utilize robots in their teaching processes, primarily among elite private or international institutions.
The global educational robot market is categorized by type, application, and geography. In terms of type, the market is divided into humanoid and non-humanoid robots. Regarding application, it is segmented into primary education, secondary education, higher education, and others, with higher education encompassing K-11 and above. Universities and colleges are the primary adopters of educational robots, and many humanoid and non-humanoid robots are designed for specific educational disciplines. Vendors are particularly focused on the higher education segment to enhance their market presence. Additionally, governments are initiating various programs to raise awareness about the advantages of educational robots. The higher education sector is expected to dominate the educational robot market share as of 2018, with humanoid robots being the most sought-after type in this segment.
Numerous companies are emerging in the educational robot sector, offering advanced software and solutions. The rise of sophisticated technological robots is anticipated to boost revenue streams within the educational robot market. Key players in the development of educational robots include Aisoy Robotics, Hanson Robotics, Lego Group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Robothink, Robotis, and Softbank Robotics, among others.
Additional market participants in the value chain include Blue Frog Robotics, Revolve Robotics, DST Robot Co, Adele Robots, IDMind, RoboTerra, Inc., and Robobuilder Co., Ltd. These companies, while not profiled in the main report, can be included upon request.
The overall size of the educational robot market has been calculated using both primary and secondary research methods. The research process begins with comprehensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the educational robot market. This research also provides an overview and forecast for the global educational robot market based on the various segments across five primary regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Additionally, primary interviews with industry participants and experts were conducted to validate the data and analysis. Participants typically include industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders in the educational robot sector.