educational-robot-market-to-hit-$55-billion-by-2030:-grand-view-research,-inc.

Educational Robot Market to Hit $5.5 Billion by 2030: Grand View Research, Inc.

 

The global educational robot market size is expected to reach USD 5.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 23.4% from 2022 to 2030. The growth can be credited to the growing inclination toward interactive learning across educational institutions.


Key Industry Insights & Findings from the report:

  • The non-humanoid product type segment accounted for the largest revenue share in 2021 and is estimated to follow a similar trend over the forecast period.
  • The growth of the humanoid segment across the educational robots market can be credited to increased product adoption due to their human-like presence resembling the real-life teachers.
  • The primary education segment is expected to record a CAGR of more than 26.0% from 2022 to 2030 with the increasing adoption of robots by educational institutions to encourage STEAM education among children aged below 10 years.
  • North America captured the highest market share in 2021 owing to the presence of a large number of market players and increasing investments from government organizations in robotics.
  • Asia Pacific is estimated to record the highest growth rate over the forecast period on account of increasing investments by the government and Non-Governmental Organizations (NGOs) toward advanced education across the region.

Read 171-page market research report, “Educational Robot Market Size, Share & Trends Analysis Report By Product Type (Non-Humanoid, Humanoid), By Application (Primary Education, Higher Education), By Region (APAC, EuropeNorth America), And Segment Forecasts, 2022 – 2030“, published by Grand View Research.

Educational Robot Market Growth & Trends

Educational robots serve as learning companions that utilize real-life educational models to help students obtain new skills by enhancing the learning process. Educational robots offer information in the fields of Science, Technology, Engineering, Art, and Mathematics (STEAM), as well as computer programming, linguistics, history, and geography. Moreover, these robots also help keep young students involved, delighted, and educated, as they comprise advanced mechanics, voice control, and gestures.

The global outbreak of the COVID-19 pandemic seriously impacted the educational robots market as several modifications were introduced to the educational system enabling students to stay at home and continue their education. However, it deprived students of the hands-on learning experience. On the other hand, the temporary closure of universities, schools, and training centers and disrupted supply chains also made a serious effect on the industry.

The growth of the educational robots market will be further proliferated by favorable government initiatives across several countries. For instance, in 2022, the U.S. government increased funding for STEM activities. The funding for Student Support and Academic Enrichment Grants increased to USD 1.3 billion, Career and Technical Education (CTE) to USD 1.4 billion, Supporting Effective Instruction State Grants to USD 2.2 billion, and 21st Century Community Learning Centers to USD 1.3 billion.

Educational Robot Market Segmentation

Grand View Research has segmented the global educational robot market based on product, application, and region:

Educational Robot Market – Product Type Outlook (Revenue, USD Million, 2018 – 2030)

  • Humanoid
  • Non-Humanoid

Educational Robot Market – Application Outlook (Revenue, USD Million, 2018 – 2030)

  • Primary Education
  • Secondary Education
  • Higher Education
  • Others

Educational Robot Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa

List of Key Players of Educational Robot Market

  • Aisoy Robotics S.L
  • Blue Frog Robotics & Buddy
  • Innovation First International Inc.
  • LEGO System A/S
  • Makeblock
  • Modular Robotics
  • Pal Robotics
  • Pitsco Inc.
  • Robotis
  • SoftBank Robotics

Check out more related studies published by Grand View Research:

  • Autonomous Mobile Robot Market – The global autonomous mobile robot market size is expected to reach USD 10.66 billion by 2030, registering a CAGR of 16.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. Autonomous mobile robot (AMR) has triggered a paradigm shift in the way tasks, such as material picking, handling, and sorting, that are commonly associated with manufacturing and distribution, is performed.
  • Warehouse Robotics Market – The global warehouse robotics market size is anticipated to reach USD 6.46 billion by 2025, expanding at a CAGR of 11% over the forecast period, according to a new report published by Grand View Research, Inc. The rapidly growing e-commerce industry and intensifying pressure on warehouses from the consumers about quick and proficient deliveries are expected to drive the growth.
  • Food Robotics Market – The global food robotics market size is anticipated to reach USD 3.35 billion by 2025, expanding at a CAGR of 13.1%, according to a new report by Grand View Research, Inc. The growing demand for packaged food, need for automation, increasing food safety regulations, and high labor costs are expected to drive the market.
collaborative-robot-market-worth-$10.5-billion-by-2027-–-exclusive-report-by-marketsandmarkets

Collaborative Robot Market worth $10.5 billion by 2027 – Exclusive Report by MarketsandMarkets™

 

According to a research report “Collaborative Robot Market with COVID-19 Impact Analysis, Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Furniture & Equipment), and Region – Global Forecast to 2027”, published by MarketsandMarkets™, the Collaborative Robot Market is projected to grow from  USD 1.2 billion in 2021 and is projected to reach USD 10.5 billion by 2027; it is expected to grow at a CAGR of 43.4% from 2021 to 2027. Owing to COVID-19, the collaborative robot market had to face headwinds for 2019–2020.

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The high return on investment (ROI) for collaborative robots as compared to traditional industrial robotic system has paved way for their growth in recent years. In addition to this, the benefits derived from adoption of cobots for businesses of all sizes is the key factors driving the collaborative robot market. Many SMEs and large manufacturers that have deployed collaborative robots are benefiting in terms of general competitiveness, increased production, and enhanced quality of their products.

“Cobots with payload capacity up to 5 kg expected to hold the largest share of the market during the forecast period”

Cobots with payload capacity up to 5 kg are expected to hold the largest share of the collaborative robot market during the forecast period. First-time users prefer low payload capacity cobots, which are cheaper and take up less space than robots with higher payload capacity. These cobots are often already fitted with grippers, reducing the hassle of integration and programming for the end user. Another benefit of these cobots is that they are easily re-deployable and take up minimal space when compared to higher payload cobots. Since most of the up to 5 kg payload capacity cobots are very lightweight, they are inherently safe and do not require force sensors, thereby reducing the hardware costs.

“Handling application to dominate collaborative robot market in 2021”

Handling application is expected to hold the largest share of the collaborative robot market in 2021. The handling application includes various sub-types such as material handling, machine tending as well as bin-picking which are currently booming. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours beside a CNC or injection molding machine. Collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity. Besides, handling application has industry-wide usage in varied industries ranging from the automotive, electronics to furniture & equipment because of which is expected to register a fairly large amount of the market share in 2021.

Browse in-depth TOC on “Collaborative Robot Market

197 – Tables
61 – Figures
328 – Pages

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“Automotive industry to maintain the largest share of collaborative robot market during the forecast period”

The automotive industry is one of the largest users of collaborative robots. In automotive manufacturing, collaborative robots are used for a variety of applications such as handling, welding, assembling and disassembling, welding, dispensing extensively. Amongst these applications, welding has been one of the first and most popular applications of collaborative robots in the automotive industry. Spray painting automation is another popular application in assembly lines, mainly to protect workers from toxic fumes. Cobots provide consistency in paint application and minimize wastages. Machine tending and material removal are a few of the other applications where cobots are used. As majority of the processes involved in automotive manufacturing and assembly are automated, the automotive industry has to employ collaborative robots on a large scale, which makes it the largest demand generator for the adoption of collaborative robots.

“Collaborative robot market in APAC estimated to grow at the fastest rate during the forecast period”

The collaborative robot market in APAC is expected to grow at the highest rate during the forecast period. With context to the collaborative robot market, the rising costs of labor in the APAC region have caused the SME industries, in particular, to incline towards industrial adoption by integrating collaborative robots in their manufacturing processes to make the operations more efficient and cost-effective. China is at the forefront in the adoption of collaborative robots owing to the increasing demand of automation given the fact that there is a significant growth in its geriatric population in recent years. Besides, China has a significantly strong presence of automotive and electronic industries. These industries are a major demand generator for the adoption of collaborative robots. China is also aiming to become self-sufficient in the manufacture of collaborative robots. Other APAC countries such as Taiwan and Thailand are also not far behind in terms of adopting automation through the integration of cobots to seek a cost advantage, in the wake of rising labour costs. The automotive and electronics industries from the APAC region are the major demand generators for the adoption of collaborative robots.

Key players in the collaborative robot market include Universal Robots (Denmark), FANUC (Japan), ABB (Switzerland), Techman Robot (Taiwan), KUKA (Germany), Doosan Robotics (South Korea), Denso (Japan), YASKAWA (Japan), Precise Automation (US), Rethink Robotics (US), MABI Robotic (Switzerland), FrankaEmika (Germany), Comau (Italy), F&P Robotics (Switzerland), Stäubli (Switzerland), Bosch Rexroth (Germany), Productive Robotics (US). Apart from these, Wyzo (Switzerland), Neura Robotics (Germany), Elephant Robotics (China), ELITE ROBOT (China), Kassow Robots (Denmark), MIP Robotics (France) are among a few emerging companies in the collaborative robot market.

Related Reports:

Industrial Robotics Market with COVID-19 Impact Analysis by Type (Articulated, Collaborative Robots), Component, Payload, Application (Handling, Processing), Industry (Automotive, Food & Beverages), and Region – Global Forecast to 2026

Robot End Effector Market with COVID-19 Impact Analysis, by Type (Electric Grippers, Vacuum Cups, Tool Changers), Robot Type, Application (Handling, Assembly, Processing), Industry (Food & Beverage, E-Commerce), and Region – Global Forecast to 2026