Educational robots: Key market research findings
- Private-public partnerships drive the market
- Increased deployment of robots as teachers
- Key vendors—Fischertechnik, Lego, Modular Robotics, Robotis, and Tetrix Robotics
The market research analysts at Technavio predict the global educational robots market to grow at a CAGR of almost 22% between 2016 and 2020. The increased focus on the promotion of educational robots through private-public partnerships is the primary driver for market growth. There are several innovations in the market due to the emphasis by many research institutes and governments worldwide on research initiatives to develop advanced robotic technologies. These research projects focus on the incorporation of cloud technology and robotics to enable automatic transfer of data through robots on the cloud platform in real time so as to serve humans better. At present, the Americas occupy over 47% of the market space to dominate the global educational robots market. The market is thriving in this region owing to the popularity of robotic toys and the willingness of parents to spend on expensive educational robot toys that provide educational benefits. Continuous demand for smart toy products and an increase in the number of migrants are factors that will propel growth in the educational robots market in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the educational robots segments based on products.
“The deployment of robot teachers in classrooms is the latest trend in the market. Many educational institutes experience a lack of teachers with appropriate educational qualifications. As a result, robots are being deployed to assist students in the place of teachers in classrooms. For instance, EngKey is a robot that teaches English, positioned in the coastal city of Masan in South Korea, is one of the early adopters of robot learning,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
In 2015, the wheeled robots segment occupied around 54% of the market share to dominate the global educational robots market. Wheeled robots, generally assembled in the form of toys, find application in elementary schools for teaching and engagement of students. This segment is likely to witness substantial growth during the forecast period owing to initiatives that are likely to be taken by countries such as South Korea, Japan, the US, and China in the deployment of students-friendly wheeled robots.
The key vendors in the global educational robots market include Fischertechnik, Lego, Modular Robotics, Robotis, and Tetrix Robotics. The key players in the market are aiming to increase their product offerings and market reach in various regions, especially in developing economies, through collaborations, partnerships, new product launches, and by upgrading the existing products. They are focusing on providing smartphone enabled educational robots that can enrich students learning experiences. Competition in the market is expected to intensify during the forecast period with the entry of several new players with new technologies and improved product quality.
A more detailed analysis is available in the Technavio report, Global Educational Robots Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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