16th October 2018 – Global Educational Robotic Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Educational robotics is termed as a pedagogical philosophy, a collection of activities, educational resources, instructional programs, and physical platforms to facilitate the student’s development of knowledge, analysis, and skills and attitudes for the design. These robots are exclusively used as proxies for students to attend class themselves, to teach students with autism, and as proxies for teachers.
The factors that are playing a major role in the growth of Educational Robotic Market are growing digitization of education and rising demand from developing regions like Asian countries. On the other hand, the high cost of robotic kits and issues related to robustness and durability of programmable robots are the factors restraining overall market growth. Educational Robotic Industry is segmented based on product types, end-users, and region. Types such as Humanoid Robots, Reconfigurable Robots, Wheeled Robots, and others classify Educational Robotic Market.
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Wheeled robots segment accounts for the largest market share of Educational Robotic Market and is estimated to lead the overall market in the years to come. The reason being, exclusively used in elementary schools to engage and teach students and increasing government initiatives in the distribution of students-friendly wheeled robots. In addition, the segment is estimated to grow at highest CAGR in the upcoming years. Product types such as Technology, Language, Science, and others classify Educational Robotic Industry. End-users into Schools, Personal Use, and others classify Educational Robotic Industry. Educational Robotic Market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounts for the largest market share of Educational Robotic Market and is estimated to lead the overall market in the years to come. The reason being, the presence of key players in the region, in elementary schools increasing implementation of science, technology, engineering, and mathematics (STEM) education, and government initiative to boost education. In addition, high demand for smartphone-driven robots and rising digitization of education system. The United States is a major consumer of market in this region. Europe and the Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. The developing regions like India, China, and Southeast Asia regions are the major consumers of Educational Robotic Market in this region, as rising adoption of modern enhanced techniques.
The key players of Educational Robotic Market are Tetrix Robotics, Fishertechnik, Robotis, Lego, Modular Robotics, Yujin Robo, Aldebaran, Wowwee, Bluefrog Robotics, Toshiba Machines, Bossa Nova Robotics, Romotive, Evollve, Robotshop, Honda Motor, Robobuilder, and Innovation First International. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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