Educational Robot Market by Component (Hardware and Software), Type, End-user and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Report Format: PDF   |   Report ID: 5670776   |   Published Date: March 2024   |   Pages:  211  

Educational Robot Market Size
The global educational robot market size was valued at $1.95 billion in 2024 and is projected to reach $5.16 billion by 2030, growing at a CAGR of 17.6% during the forecast period.
Educational Robot Market Overview 
Educational robot serves as an advanced educational tool aimed at assisting students in comprehending the principles of designing, analyzing, utilizing, and operating robots. It encompasses both humanoid and non-humanoid applications suitable for educational purposes, spanning from elementary school to graduate programs. Moreover, artificial intelligence and robotics solutions in the education sector play a vital role in inspiring and streamlining the learning process, particularly in areas like computer programming, artificial intelligence, and engineering design solutions.  
To engage, entertain, and educate children, these robots are capable of performing diverse tasks, such as gestures, voice control, and intricate mechanical actions. Interacting with these robots has been shown to enhance children's social, communication, and creative problem-solving abilities. Consequently, these robots find extensive applications in educational settings, including special education institutions, schools, and higher education universities.
Educational Robot Market Dynamics
• The educational robot market is expected to witness significant growth in the future due to the rising investments from governments globally. 
• Additionally, increasing technological innovations in the education sector and the emerging trend of digitization are the prominent factors driving the growth of the Educational Robot market demand. 
• However, the substantial expenses linked to educational robots are restraining the market growth. 
• On the contrary, rising demand for collaborative robots in both educational and industrial domains and a growing number of research and development endeavors related to humanoid robots are creating opportunities for market growth.
By Component, Hardware Segment Dominates the Market
The hardware segment made huge revenue and grew its prominence during the forecast period. Educational robotic hardware systems encompass a range of electronic, electrical, and mechanical elements, with hardware being the foundational element of any educational robot. Industrial and service robots, on the other hand, serve distinct hardware purposes. In industrial robots, hardware components are designed to prioritize speed, repeatability, and the handling of substantial payloads, whereas in service robots, hardware is tailored for dexterity and intelligent motion.
By Geography, Asia Pacific Region is leading in the Global Market Place
Asia Pacific is likely to have a huge demand in the forecast period owing to the increased investments from both the public and private sectors in educational infrastructure development, along with supportive government policies aimed at reducing illiteracy rates. This region is renowned for its innovation in the field of robotics and is expected to be a major hub for robotic advancements. Among the countries in this region, India and China, both emerging economies, are poised to play pivotal roles as major contributors to these developments. 
• According to a report from Japan's national broadcaster NHK, the ministry initiated the program in approximately 500 schools across the country in April 2018. Additionally, students gained access to study applications and grabbed the opportunity to participate in 'online conversation sessions' with native English speakers. 
• Additionally, the government of Singapore has committed investment in the development of a robot named 'KIBO,' designed to facilitate early programming skills in young children, enabling them to instruct robots in the execution of various tasks. This initiative aligns with the government's introduction of screen-free robotic educational tools aimed at preparing children for STEM subjects within the educational landscape. Notable examples include 'BeeBot,' a compact educational robot.
Key Target Audience:
• Manufactures of Educational Robot
• Raw Material Supplier
• Educational Robots Industry Investors
• Educational Robots Providers/Vendors
• Research Professionals
• Government Bodies & Associations
List of the Key Players Profiled in the Report Includes:
• ABB Group 
• FANUC Corporation 
• Yaskawa Electric Corporation 
• Blue Frog Robotics 
• Universal Robots 
• Kuka AG 
• Seiko Epson Corporation 
• Hanson Robotics Limited 
• SoftBank Robotics Group 
• Aisoy Robotics 
• Robotis Co Ltd.
• Techman Robot Inc 
• Robolink
Recent Developments:
• In September 2023, ABB introduced a new addition to its educational product line, the IRB 1090 industrial robot, which is officially accredited by the globally recognized educational institution STEM.org. This latest educational robot is a significant component of ABB's comprehensive educational offerings, which encompass a range of industrial robots, educational packages, cutting-edge controllers, and industry-leading programming and simulation software. The primary aim of the IRB 1090 is to enhance the skills of students, offering them a competitive edge in the job market. It boasts a reach of approximately 22.8 inches (580 mm) and can handle payloads of up to 7.7 pounds (3.5 kg). 
• In October 2022, Blue Frog Robotics proved that their Buddy robot's telepresence feature serves the dual purpose of maintaining the user's social connections with loved ones and enabling remote medical video consultations. Notably, the Ministry of National Education in France has acquired 1,750 Buddy robots for the purpose of assisting children who are confined to their homes or hospitals in connecting remotely with their peers within classroom environments. 
• In March 2022, FANUC introduced the latest members of its CRX series, which now includes the CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots, in addition to the existing CRX-10iA and CRX10iA/L models. This product launch aims to bolster the company's presence in the European market and provides a versatile array of applications, encompassing tasks such as inspection, machine loading and unloading, packaging, palletizing, sanding, welding, training, and more.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Component:
• Hardware 
• Software
Market by, Type:
• Industrial Robot 
• Service Robot
Market by, End User:
• Primary Education 
• Secondary Education 
• Higher Education 
• Other End Users
Market by, Geography:
The educational robot report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
What can be explored with this research report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter's five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
1 Market Introduction             
    1.1 Market Definition          
    1.2 Research Scope and Segmentation        
    1.3 Stakeholders          
    1.4 List of Abbreviations         
                
2 Executive Summary              
                
3 Research Methodology             
                
4 Market Dynamics              
    4.1 Market Drivers          
    4.2 Market Restraints          
    4.3 Market Opportunities         
    4.4 Market Challenges          
    4.5 Impact of COVID-19 on Educational Robot Market       
                
5 Porter's Five Force Analysis             
    5.1 Bargaining Power of Suppliers         
    5.2 Bargaining Power of Buyers         
    5.3 Threat of New Entrants         
    5.4 Threat of Substitutes         
    5.5 Competitive Rivalry in the Market        
                
6 Global Educational Robot Market by, Component           
    6.1 Overview          
    6.2 Hardware          
             6.2.1 Actuators/Drives  
             6.2.2 Controllers  
             6.2.3 Sensors   
             6.2.4 Robotics Arms  
             6.2.5 End Effectors  
             6.2.6 Power Source System 
             6.2.7 Other Hardwares 
    6.3 Software           
                
7 Global Educational Robot Market by, Type           
    7.1 Overview          
    7.2 Industrial Robot           
    7.3 Service Robot           
             7.3.1 Humanoid  
             7.3.2 Non-Humanoid  
                
8 Global Educational Robot Market by, End User           
    8.1 Overview          
    8.2 Primary Education           
    8.3 Secondary Education          
    8.4 Higher Education           
    8.5 Other End Users           
                
9 Global Educational Robot Market by, Geography           
    9.1 Overview          
    9.2 North America          
             9.2.1 US  
             9.2.2 Canada  
             9.2.3 Mexico  
    9.3 Europe           
             9.3.1 Germany  
             9.3.2 France  
             9.3.3 UK  
             9.3.4 Italy  
             9.3.5 Spain  
             9.3.6 Rest of Europe 
    9.4 Asia Pacific          
             9.4.1 China  
             9.4.2 Japan  
             9.4.3 India  
             9.4.4 South Korea 
             9.4.5 Australia  
             9.4.6 New Zealand 
             9.4.7 Rest of Asia Pacific 
    9.5 South America          
             9.5.1 Brazil  
             9.5.2 Argentina 
             9.5.3 Chile  
             9.5.4 Rest of South America
    9.6 Middle East & Africa         
             9.6.1 UAE  
             9.6.2 Saudi Arabia 
             9.6.3 Qatar  
             9.6.4 Iran  
             9.6.5 South Africa 
             9.6.6 Rest of Middle East & Africa
                
10 Key Developments              
                
11 Company Profiling              
    11.1 ABB Group           
             11.1.1 Business Overview 
             11.1.2 Product/Service Offering
             11.1.3 Financial Overview 
             11.1.4 SWOT Analysis 
             11.1.5 Key Activities 
    11.2 FANUC Corporation           
    11.3 Yaskawa Electric Corporation          
    11.4 Blue Frog Robotics           
    11.5 Universal Robots           
    11.6 Kuka AG            
    11.7 Seiko Epson Corporation          
    11.8 Hanson Robotics Limited          
    11.9 SoftBank Robotics Group          
    11.10 Aisoy Robotics           
    11.11 Robotis            
    11.12 Techman Robot Inc           
    11.13 Robolink


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