Global Educational Robots Market Is Projected to Increase to A Value of More Than $2000 Million by 2026

The Global Educational Robots is projected to increase at a considerable rate, registering a Compound annual growth rate (CAGR) of over 16% from 2020 to 2026.

Educational Robots: Introduction

Educational robotics technology shows the plan, examination, application and activity of robots. Robots incorporate enunciated robots, mobile robots or independent vehicles. Educational robotics technology can be educated from primary school to graduate projects. Robotics may likewise be utilized to propel and work with the guidance other, regularly basic, themes, for example, PC programming, artificial intelligence or designing plan.

There are two types of educational robot are:

• Humanoid
• Non-humanoid

Market overview

The arising pattern of digitization, alongside the expanding use of artificial intelligence and (AI/ML) advancements in the education area, is one of the key variables driving the development of the market. Inferable from their successful intuitive capacities, educational robots are quickly being taken on in K-5 and K-12 schools and other educational organizations.

Besides, far and wide reception of e-learning strategies, including showing robots, advanced whiteboards and flip study halls, to offer a favourable method of information dissemination, has given a lift to the market development. Furthermore, mechanical developments, for example, the improvement of cutting-edge variations outfitted with independent route and natural sensors to identify impediments nearby, have made these robots easier to use and upgraded their overall general functional capacity.

Different elements, including expanding ventures for the instruction area by both government and non-government associations (NGOs), broad R&D activities in the field of robotics and the accessibility of reasonable educational robots, are projected to drive the market.

Economic growth

The Global Educational Robots Market size was $784.89 million in 2018, and is projected to increase to a value of more than $2000 million by 2026, registering a Compound annual growth rate (CAGR) of over 16%.

Market segmentation: Analysis

The Global Educational Robots Market is segmented by component, end-user, education level, and geographic region.

On the basis by component – Actuator, software, hardware, control system, and sensor.

On the basis by end-user – K-12, and universities.

On the basis by educational level – special education, elementary and high school education, and higher education.

According to the educational level segment, special education rules the market among others.

On the basis by region - North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, and Middle East and Africa (GCC Countries, S. Africa, Northern Africa).

According to the regional segment, North America holds the biggest share of the overall industry of the worldwide educational robots market and is expected to keep a consistent development rate during the gauge time frame.

Popular vendors in the Global Educational Robots Market are:

• SoftBank
• PAL Robotics
• Hanson Robotics
• QIHAN Technology Co.
• DST Robot Co.