Educational Robot Market Size, Share, Growth Analysis, By Product Type(Non-humanoid, and Humanoid), By Application(Primary and Higher Education) - Industry Forecast 2024-2031

Report ID: SQMIG25A2255 | Region: Global | Published Date: April, 2024
Pages: 193 | Tables: 60 | Figures: 75

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Educational Robot Market size was valued at USD 1.03 billion in 2022 and is poised to grow from USD 1.29 Billion in 2023 to USD 7.56 Billion by 2031, growing at a CAGR of 24.8% in the forecast period (2024-2031).

The competitive environment in the educational robot market is characterized by fierce competition between key players looking to innovate and expand their product offerings such as LEGO Education, Wonder Workshop, RobotLAB Inc. and others. Additionally, partnerships with educational institutions and curriculum developers are becoming increasingly common as companies seek to enhance the educational value proposition of their robotic offerings. 'Aisoy Robotics', 'Blue Frog Robotics', 'LEGO Systems A/S', 'Modular Robotics (including Cubelets)', 'PAL Robotics', 'Pitsco Education LLC', 'ROBOTIS Inc.', 'SoftBank Robotics Group', 'RM Educational Resources Ltd. (TTS)', 'Learning Resources', 'Educational Insights', 'Makeblock', 'Artec Co. Ltd.', 'Ozo EDU Inc.', 'Sphero Inc.', 'Wonder Workshop Inc.', 'VEX Robotics Inc.', 'Dobot', 'Thames & Kosmos', 'WowWee Group Ltd.'

Governments and educational institutions worldwide prioritize STEM education to equip students with the skills they need for the future workforce. Educational robots are effective tools for teaching STEM concepts in practical and engaging ways, making them acceptable in schools and learning environments.

Increasing Availability of Interactive and Engaging Learning Tools: The educational robot market seems to be growing steadily due to the increasing availability of interactive and engaging learning tools. These robots are designed to complement traditional teaching methods by providing hands-on activities that foster creativity, problem solving skills and STEM (science, technology, engineering and math) teaching Advanced technologies such as artificial intelligence (AI), machines learning and natural language processing (NLP) in educational robotics Integration drives market growth.

North America dominated the market with over 36% revenue share by 2022 and is expected to witness the highest growth during the forecast period. The market growth is attributed to the strong presence of leading companies in this industry. Moreover, the greater trend towards advanced technology in educational institutions and the growing importance of activity-based instruction further expands the regional market.

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Educational Robot Market Size, Share, Growth Analysis, By Product Type(Non-humanoid, and Humanoid), By Application(Primary and Higher Education) - Industry Forecast 2024-2031

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