Educational Robot Market: What are the main factors that contributing towards industry growth?
Sellbyville, United States - July 29, 2019 /MarketersMedia/ —
Global Market Insights Inc. announces an ongoing comprehensive report on the “Educational Robot Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025”. This report provides an exhaustive account of the industry including:
• Educational robot market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major market industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
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Increasing expenditure in educational R&D activities and the popularity of these systems as a learning tool will drive the educational robot market growth. These activities will support the development of innovative and affordable products, which will suffice the growing demand. The implementation of artificial intelligence technologies in new robotic products is an emerging trend in the market. Such technical advancements aid in increasing the efficiency and flexibility in various teaching methods. AI-based robots are increasingly implemented in various training tasks, substantially reducing the required time. These systems are being programmed for complex subjects such as cardiac surgery, aerospace engineering, etc., further driving the market growth.
The global educational robot market will observe a robust growth across developing countries pertaining to the increasing focus of regulatory bodies like United Nations and World Bank on improving literacy rate. In order to provide educational facilities in remote areas, educational robots have been preferred on a large scale that will further improve industry trends. However, it is important to note that children safety is emerging as one of the major concerns due to the deployment of educational robots.
The growing development of software assisted programs to direct robotic action has helped industry players tap lucrative business opportunities. The companies have been creating awareness among education institutions about the benefits of humanoids. The shifting focus of education institutes to modernize teaching patterns to attract students and help them focus better on learning will accelerate the product demand over the coming years. The emergence of low-cost humanoids will further fuel educational robot market share.
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The applications of these products in the K-12 schools are adding up to educational robot market growth. Interactive capabilities of the robots are gaining popularity among students and promoting their high utilization in schools and colleges. Several schools are switching toward robotic products due to the appealing communication features, creating a high attraction among the students and building up their interest in these study techniques. The robotic systems are programmed to perform certain tasks repetitively, which will promote their utilization in schools and college for evaluation & examination tasks. These features will reduce human errors and enhance operational performance, further supporting industry expansion.
Based on the education level, special education robot market will record substantial growth rate over the coming years. The surging need to educate specially-abled children will drive the market growth. In India, the Director of Education (DOE) has issued regulations for all government schools to renovate existing infrastructure to make it friendly for specially-abled students. Growing awareness among the governments about the need of technologically advanced infrastructure for specially-abled students is poised to propel educational robot industry size in the coming years.
Regionally, Europe educational robot market will generate commendable returns over the forecast timeframe. The development of advanced technological facilities along with heavy spending capability will augment the product demand. In Denmark for example, local universities, robotic companies, and governments have been working together to transform the Odense city into a European robotic hub. In 2016, at RoboBusiness Europe, nearly 11 startups had their portfolio in spotlight as potential investors. Involvement of SMBs, innovative groups, and universities in technological advancement is poised to boost Europe educational robot market.
Some of the companies mentioned in the report include Wonder Workshop, Inc., Lego Mindstorm NXT, Robothink, Ozobot & Evollve, Inc., Sphero, Pitsco, Inc., Hanson Robotics Ltd., Robotis, and Makeblock, Co. Ltd.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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