Educational Robot Market Size Forecast: Revenue and CAGR by 2029
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What Market Value Is The Educational Robot Industry Expected To Reach By 2029, Starting From 2025 Levels?
The educational robot sector has experienced swift expansion lately, projected to increase its valuation from two billion dollars in 2024 to $2.32 billion the following year, reflecting a compound annual growth rate of 16.0%. This historical upward trend is largely fueled by a heightened concentration on hands-on learning techniques, the worldwide spread of educational access, various governmental programs supporting schooling, shifts in teaching methodologies, and a greater stress placed upon STEM subjects.
Anticipating substantial expansion, the educational robot sector’s market valuation is set to reach $4.58 billion by 2029, driven by an impressive Compound Annual Growth Rate (CAGR) of 18.6% over the coming years; this significant upswing stems from several key factors including the proliferation of distance and virtual instruction methods, an increasing emphasis on cultivating social and emotional competencies, the implementation of bespoke educational trajectories for individual learners, expanded utility within early years schooling, continuous skill enhancement for teaching professionals, and heightened attention toward safeguarding user data and maintaining privacy, while prevailing industry movements feature increased emphasis on teaching coding and software development skills, the growing use of robots designed for group interaction and collaborative tasks, the incorporation of advanced Artificial Intelligence (AI) technologies, ongoing concerns surrounding security and data confidentiality, and further penetration into developing global marketplaces.
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What Are The Drivers Pushing New Developments In The Educational Robot Market?
Forward momentum for the education robot sector is anticipated, powered by the expanding utilization of smart devices, which are defined as instruments establishing wireless links to applications, the web, local networks, or other hardware. These educational robots are set to interface wirelessly with numerous Apple iOS and Google Android portable gadgets via Bluetooth 4.0 technology, thereby facilitating deeper learning experiences for pupils. Evidence supporting this trend arises from data shared in December 2022 by Software Testing Help, an Indian firm specializing in software testing and related services: as the global population reached approximately 7.62 billion individuals that year, a corresponding surge in active Internet of Things (IoT) devices, projected to number around 20 billion alongside rising 5G network needs, underscores the accelerating integration of connectivity, directly fueling the expansion within the educational robotics market.
What Are The Primary Types Of Segments Analyzed In The Educational Robot Market?
The educational robot market covered in this report is segmented –
1) By Type: Service Robot, Industrial Robot
2) By Component: Hardware, Software
3) By Application: Primary Education, Secondary Education, Higher Education, Other Applications
Subsegments:
1) By Service Robot: Social Robots, Companion Robots, Teaching Assistants, Research And Development Robots
2) By Industrial Robot: Robotic Arm Kits, Automated Guided Vehicles (AGVs), Simulation And Programming Robots
How Are Trends Influencing The Educational Robot Market?
A significant upward trend observed within the sphere of educational robotics is the rapid progress in technology; leading participants in this market prioritize innovating new technological approaches to solidify their standing. As an illustration of this focus, the American technology firm iRobot Corp., known for creating various robots including educational models, introduced its Create 3 educational robots back in April 2022. This Create 3 Educational Robot utilizes the existing groundwork of the Roomba i3 Series robot vacuum and presents academics and highly skilled hobbyists with a reliable option ready for immediate deployment, circumventing the need for costly, time-consuming robotics kits that demand considerable assembly and debugging. Diverting from its vacuuming duties, this specific robot is engineered to foster more complex investigative work for individuals pursuing professional development or advanced studies in the field of robotics.
Who Are The Primary Competitors In The Global Educational Robot Market?
Major companies operating in the educational robot market are SoftBank Robotics Group Corp, Hanson Robotics Limited, ROBOTIS Co Ltd., Aisoy Robotics, Blue Frog Robotics & Buddy, LEGO System A/S, Wonder Workshop Inc., Makeblock, Modular Robotics, Robolink, BrainCo, CoderZ, Cubic Robotics, Dobot Robots, EdTech Robotics, EZ-Robot, Fable, Gakken Classroom Global, Hexbug, Kano, KUBO Robotics, Learning Resources
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Which Geographies Are Emerging As Strong Markets For The Educational Robot Industry?
North America was the largest region in the educational robot market in 2024. Asia Pacific is expected to be the fastest-growing region in the educational robot market report forecast period. The regions covered in the educational robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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