Growing reliance on IoT, growing deployment of advanced technologies in the education sector, and concerns over electronic devices are key drivers
— Emerging research
VANCOUVER, BC, CANADA, May 20, 2022 /EINPresswire.com/ — The global education robot market size is expected to reach USD 4.02 billion in 2028 and register a solid revenue CAGR of 17.9% during the period forecast, according to the latest analysis by Emergen Research. The steady growth in market revenue can be attributed to the increase in government incentives and regulations regarding the use of robots for educational purposes in various industries such as design, construction, programming, and computing.
The engagement of robots in professional education such as medicine, engineering, space, and scientific research is driving the revenue growth of the global educational robot market. The rapid shift towards digitalization in both developed and developing countries is further driving the growth of factor revenue in the global educational robots market. Educational robots improve teaching methodology in a positive way, and the trend is expected to gain traction in the future.
The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimates, and major companies operating in the market. The report covers the impact of the pandemic on the Educational Robots industry with particular focus on the key industry segments affected
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The report also studies the leading companies of the Educational Robot market along with the analysis of their business strategies, merger and acquisition activities, investment plans, product portfolio, financial status, gross profit margin, and abilities. of production and manufacturing.
Based on the competitive landscape, the market report analyzes the major companies operating in the sector:
Hanson Robotics, Lego Group, Modular Robotics, Pal Robotics, Probotics America, Qihan Technology Co., Softbank Robotics, Robobuilder Co. Ltd., DST Robot Co and Adele Robots
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The study reveals that, on some accounts, threats and challenges can act as a barrier to the business. An in-depth assessment of the Educational Robots Market in light of the macro environment such as social, political, economic, and technological environment adds granularity to the overall research. Additionally, the study produces real-time data on vital aspects including sales, profit, gross margin, and growth prospects to show how the business will experience substantial recovery in the future.
Other key findings from the report suggest
In October 2020, Softbank Robotics Group announced the rebranding of Aldebaran to SoftBank Robotics. Companies are expected to expand the availability in terms of educational robots and other devices in the market.
Software segment accounted for the largest share of revenue in 2020. Rising investments from major market players such as Hanson Robotics, Pal Robotics, Probotics America, Qihan Technology Co., and Softbank Robotics for incorporation of visualization software of data in their existing educational robots is expected to support growth of software platforms in the market.
Revenue from the professional training segment is expected to grow at a robust CAGR of 18.8% during the forecast period. Medical, mechanical, electronic and scientific engineering applies to vocational training and is a key factor for the adoption of these systems.
The augmentation robots segment accounted for a significantly large revenue share in the global educational robots market in 2020. The increasing adoption of educational robots in institutions, research labs, and space research is expected to continue driving the growth of revenue from humanoid robots and increase robot segments.
The report further splits the educational robots market into key segments such as types, applications, end-user industries, technologies, and key market regions. The report also throws light on the segment and region exhibiting promising growth in the Educational Robots market.
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For the purposes of this report, Emergen Research has segmented the global educational robot market based on constituents, type, education level and region:
Constituents Outlook (Revenue, USD Billion; 2021-2028)
Sensor and actuators
Type Outlook (Revenue, USD Billion; 2021-2028)
Education Level Outlook (Revenue, USD Billion; 2021-2028)
The study segments the education robot industry on the basis of major classification such as product type, potential markets, application, and end-user. This assessment of the industry for the forecast period 2021-2028 incorporates projections relating to investment feasibility, gross margin, profit, consumption volume, production capacity and major market vendors. . Likewise, the statistics associated with the competitive landscape, the evolution of consumer behavior and purchasing power are presented and well explained using valuable resources such as tables, graphs and graphic images, which can be easily incorporated into business or corporate presentations.
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end-users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
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The Global Educational Robots Market Size is Expected to Reach USD 4.02 Billion in 2028