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Educational Robots Market Insights:
The market size for educational robots was estimated at USD 1.9 billion in 2022 and is expected to increase to USD 8.6 billion by 2030, rising at a compound annual growth rate (CAGR) of 18.00% over the forecast period (2023– 2030). One of the main factors accelerating market expansion is the surge in demand for next-generation robot root technology.
The educational sector has been embracing technology quickly, and educational robots are already a common tool for improving students’ learning experiences. These robots may be programmed to carry out a variety of educational tasks, from instructing students in more difficult disciplines like coding and robotics to teaching them fundamental ideas in maths and science. They can also be applied to simulations, games, and interactive learning.
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Key Players:
are the notable vendors in the Educational Robots market.
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Educational Robots Market Regional Analysis:
The analysis offers market insights for each region separately, including North America, Europe, Asia-Pacific, and the Rest of the World. With the second-largest market share worldwide, the Asia-Pacific area is one of the marketplaces for educational robots that is expanding the quickest.
Due to their significant economies and rapid economic growth, rising investments in research and education, and a growing use of technology in the educational sector, nations like China, Japan, South Korea, and India are leading the market in the Asia-Pacific region. Additionally, the region has a sizable and expanding student population, which is boosting demand for highly developed and sophisticated educational robots.
The third-largest market share for educational robots is held by the European region. The region is home to some of the top universities in the world and a significant number of technological companies, which together are fueling global demand for highly developed and sophisticated educational robots. One of the biggest markets for educational robots is North America, which also accounts for a sizeable portion of the global market. This can be ascribed to a number of things, including the region’s significant technology industry presence, high levels of investment in research and education, and the growing use of technology in the educational sector.
Educational Robots Market Segmentation:
Hardware and software are included in the market segmentation for Educational Robots based on components. In 2022, the hardware sector held the lion’s share of the market.
Humanoid and non-humanoid robots are included in the market segmentation for educational robots based on kind. In 2022, the humanoid market accounted for the majority of sales.
Formal and informal schooling are included in the market segmentation for educational robots based on application. In 2022, the formal education segment led the market. From 2023 to 2030, it is expected to increase at a higher rate.
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Humanoid robots are also available in the educational robots market. Although it is the smallest market segment, it is anticipated to have a high potential and contribute significantly to the industry’s transformation. Further demonstrating their expertise and skill in the fields of medicine and healthcare services are these robots. As a result, demonstrations for the robot for a single demo are organised, enabling non-coders to assist with and teach robotic motions and tasks by providing basic information about the things that are manipulated.
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