Educational Robots Market 2020 by Current & Upcoming Trends
Market Insight
Market Research Future (MRFR), in its latest “Educational Robots Market” report, discuss different factors that can dictate the market growth pattern. MRFR study predicts that educational robots market to rise at decent CAGR by 2023. The educational robots market valuation is estimated to register USD 1,540.28 Mn by 2023 from USD 625.34 Mn in 2017. The introduction of educational robots can revolutionize the field of academic learning.
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Educational robots are an effective initiative to bridge the gap between industrial expertise requirements and academically qualifying knowledge. Education robots aid students identify their interests at the early stage of education life. This can prevent students save time and easily pursue the right course. Classrooms are transforming into a space that can build essential leadership, with education robots. Robots for academia are enabling student to handle social media platform, thus improving their communication with diversified audience. The introduction of robotics is observed to improve attendance as children are highly curious beings. Robotics can contribute significantly to the development of cognitive ability, which holds heavy worth in a technologically driven world. Enhanced curriculum design and improved student evaluation are some other advantage of educational robotics. These noteworthy contributions of education robots and increase in awareness of the same can promote the expansion of the worldwide education robots market.
Key Players
BLUE FROG ROBOTICS (France), SoftBank (Japan), QIHAN Technology Co. (China), Aisoy Robotics (Spain), ST Robot Co. (South Korea), ROBOTIS (South Korea), Hanson Robotics (Hong Kong), Probotics America (US), PAL Robotics (Spain), Wonder Workshop (US), Makeblock, Co. Ltd (China), Ozobot & Evollve, Inc. (US), and Modular Robotics (US) are some leading educational robot developers in the market.
Segmental Study
The Educational Robots Market study is based on type, component, end-use, and application. Segmental insights into the educational robots can abet investors draw rational design for improving their companies’ market status.
The component-based segments of the educational robot market are software and hardware. The hardware segments are CPUs, sensors, actuators, control systems, and others.
The type-based segments of the education robots market are non-humanoid and humanoid. The increasing preference for humanoid education robots can encourage education robots market expansion.
The application-based segments of the educational robot market are informal education and formal.
The end-users-based segments of the educational robot market are higher education, elementary and high school education, and special education.
Regional Outline
North America education robot market can witness a sharp rise is its valuation on the conclusion of the review period. Internationally acclaimed educational robot developer are mostly resided in this region. Their product line diversification and constant effort to create more result-oriented academia solutions are resulting in the intensification of competition among them. This is likely to favor the regional market. The US, followed by Mexico, can generate substantial business for the regional market. The increased utility of mobiles and tablets can augment the education robots market in North America. The growing influence of social media and the application of education robots for constructive uses can also spur North America market, backed by technical advancements.
Europe education robot market to can gain momentum owing in years to come, owing to the increased application of education robots in the research and analysis stream. APAC education robot can hold numerous growth scope. Developing regions are employing education robots to simplify learning across The elementary and high school. The growing need to make special education easily graspable and fun to learn can prompt the education robot adoption, which, in turn, can boost Asia Pacific market growth.
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