Educational Robots Market Leading Players Updates and Industry Analysis Report till 2028

Educational Robots Industry Overview

The global educational robots market size was valued at USD 843.82 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 19.8% from 2021 to 2028.

Educational robots form an environment where children can interact with their environment and work with real-world problems; in this sense, educational robotics can be a great tool for children to have constructionist learning experiences. Students’ creative problem-solving and communication & interpersonal abilities can all improve as a result of working with them. As a result, these robots are widely used in special-education institutes, schools, and universities that provide higher education. The COVID-19 pandemic has significantly impacted the global market in 2020 and key players are still struggling to recover from losses incurred during the pandemic.

Gather more insights about the market drivers, restrains and growth of the Global Educational Robots Market

U.S. educational robots market size, by application, 2018 - 2028 (USD Million)

The pandemic forced governments to seal global borders and temporarily shut industrial operations, markets, educational institutions, and other public places in 2020. The closure of training centers, universities, schools, and the restrictions imposed on import, export, and manufacturing led to a notable drop in sales of educational robots. In addition, the high initial investment costs associated with the purchase of educational robots could hamper the growth of the market.

However, the ongoing technological developments in the field of robotics and the widespread adoption of e-learning systems are expected to drive the growth of the market in the near future. The increasing adoption of robots for the improvement of kids’ communication skills is also boosting the product demand. In addition, factors such as a rise in the number of educational robot startups and increasing investments by non-government & government organizations in educational robotics, are expected to offer major growth opportunities to the market over the forecast period.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

  • Artificial Intelligence Market - The global artificial intelligence market size was valued at USD 93.5 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 38.1% from 2022 to 2030.
  • Machine Learning Market - The global machine learning market size was valued at USD 6.9 billion in 2018 and is anticipated to register a CAGR of 43.8% from 2019 to 2025. 

Market Share Insights

  • September 2019: Modular Robotics collaborated with a U.S.-based company, Dexter Industries, to design and build robotic teaching tools that encourage students to discover computational thinking, STEM (Science, Technology, Engineering, and Mathematics), and other innovative concepts.

Key Companies profiled:

Some prominent players in the global educational robots market include

  • Aisoy Robotics
  • Blue Frog Robotics & Buddy
  • Innovation First International Inc.
  • LEGO System A/S
  • Makeblock
  • Modular Robotics
  • Pal Robotics
  • Pitsco Inc.
  • Robotis
  • SoftBank Robotics

Order a free sample PDF of the Educational Robots Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more