Educational Robot Market by Component (Hardware and Software), Type (Humanoid and Non-Humanoid), Education Level (Elementary and High School Education, Higher Education, and Special Education), and Geography - Global Forecast to 2023
[127 Pages Report] The educational robot market is expected to grow from USD 688.3 Million in 2017 to USD 1,689.2 Million by 2023, at a CAGR of 16.8% between 2018 and 2023. The educational robot market is mainly driven by the factors such as the use of robots for educational purposes and technological advancements in the field of robotics. For this study, the base year considered is 2017, and the forecast period is between 2018 and 2023.
The prime objectives of this report can be summarized as follows:
- To define, describe, segment, and forecast the global educational robot market, in terms of value and volume, on the basis of component, type, education level, and geography
- To forecast the market size for various segments with regard to 4 main regions - the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the educational robot market
- To provide a detailed overview of the value chain in the educational robot industry
- To analyze opportunities in the market for stakeholders and the details of the competitive landscape for leaders in the market
- To strategically analyze the micromarkets1 with regard to the individual growth trends, prospects, and contribution to the educational robot market
The sizing of the educational robot market has been done using top-down and bottom-up approaches. The bottom-up approach has been employed to arrive at the overall size of the this market from the revenues of key players (companies) and their shares in the market. Calculations are made on the basis of the number of educational robots used in each type of industrial and service application. Finally, the volume is multiplied by the average selling price of each educational robot to arrive at the overall market size. In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary research (including the study of associations, databases, and journals). Major secondary sources include the International Federation of Robotics (IFR), the International Journal of Robotics Research, the Robotic Industries Association, and the Association for Advancing Automation. For the calculation of specific market segments, the most appropriate parent market size has been used to implement the top-down approach.
In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with key opinion leaders. The breakup of the profiles of primary participants is given below:
To know about the assumptions considered for the study, download the pdf brochure
Key players in the educational robot market are SoftBank (Japan), ROBOTIS (South Korea), PAL Robotics (Spain), Hanson Robotics (Hong Kong), QIHAN Technology Co. (China), DST Robot Co. (South Korea), Probotics America (US), Wonder Workshop (US), Aisoy Robotics (Spain), and BLUE FROG ROBOTICS (France).
All these companies have robust R&D facilities and extensive sales offices and distribution channels. The report provides the competitive landscape of the key players, which indicates their growth strategies in the educational robot market.
Target Audience:
- Raw material and manufacturing equipment suppliers
- Electronic design automation (EDA) and design tool vendors
- Original equipment manufacturers (OEMs)
- Integrated device manufacturers (IDMs)
- Original design manufacturers (ODMs)
- ODM and OEM technology solution providers
- Assembly, testing, and packaging vendors
- Technology, service, and solution providers
- Intellectual property (IP) core and licensing providers
- Suppliers and distributors
- Government and other regulatory bodies
- Technology investors
- Research institutes and organizations
- Market research and consulting firms
The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 25 years for prioritizing efforts and investments.
Scope of the Report:
The market covered in this report has been segmented as follows:
- Educational Robot Market, by Component
- Hardware
- Sensor
- Actuator
- Power Source
- Control System/Controller
- Others (Body Material and other Electronic, Electrical, and Mechanical Components)
- Software
- Hardware
- Educational Robot Market, by Type
- Humanoid
- Non-Humanoid
- Educational Robot Market, by Education Level
- Elementary and High School Education
- Higher Education
- Special Education
- Educational Robot Market, by Region
- Americas
- Europe
- APAC
- RoW
Available Customizations:
- Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain
The educational robot market is expected to be valued at USD 778.6 Million in 2018 and is projected to reach USD 1,689.2 Million by 2023, at a CAGR of 16.8% between 2018 and 2023. The market is mainly driven by factors such as the use of robots for educational purposes and technological advancements in the field of robotics.
The educational robot market is segmented on the basis of components into hardware and software. The hardware component is subsegmented into sensor, actuator, power source, control system/controller, and others. The other components include body material and other electronic, electrical, and mechanical components. The educational robot market for software is expected to grow at a higher CAGR during the forecast period. As the technological advancement will lead to growing complexity in terms of features such as inter device connectivity, AI, and autonomous operations, the value of the software part in the overall market will increase more than that of hardware. Also, the software will assist the complex functionalities to process efficiently and accurately.
The educational robot market is segmented on the basis of type into humanoid and non-humanoid. The market for humanoids is expected to grow at a higher CAGR during the forecast period. The market for low-cost humanoids is likely to gain traction in the near future owing to the projected high growth of software. Humanoid robots have the ability to assist and even replace teachers in classrooms; hence, schools are looking forward to deploying humanoids in their classrooms to attract the attention of parents by modernizing the teaching pattern. Moreover, with the decline in the price of humanoids, it is expected that they will make their way to homes as educational material to impart education and teach programming to kids.
The educational robot market is segmented on the basis of education level into elementary and high school education, higher education, and special education. The market for educational robots used in special education is expected to grow at the highest CAGR during the forecast period. Though special educational robots are for children with autism and developmental issues, which makes educational robots occupy the lowest percent of market share, the growing demand for learning assistance robots across the world attributes to its high growth rate.
The educational robot market is broadly classified on the basis of geographic regions into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is likely to adopt educational robots as there are some widespread government initiatives in the region that aim to improve the literacy rate in the region. Government initiatives for education and technological advancements offer opportunities for the educational robot market in this region. Due to increasing use of robots for educational purposes and technological advancements in the field of robotics, the region is expected to deploy educational robots. However, the Americas held a major share of the market in 2017. The Americas is the early adopter of educational robots, which is resulting in the maximum demand for robots from this region.
High initial R&D expenditure inhibits the educational robot market growth. Furthermore, concerns regarding the safety of kids have been a key challenge faced by the industry. However, factors such as growing demand for humanoid robots and huge potential in developing countries can generate significant opportunities for this market.
Some key players in the educational robot market are SoftBank (Japan), ROBOTIS (South Korea), PAL Robotics (Spain), Hanson Robotics (Hong Kong), QIHAN Technology Co. (China), DST Robot Co. (South Korea), Probotics America (US), Wonder Workshop (US), Aisoy Robotics (Spain), and BLUE FROG ROBOTICS (France).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Ranking Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in Educational Robot Market
4.2 Educational Robot Market, By Type
4.3 Educational Robot Market in APAC, By Education Level and Country
4.4 Educational Robot Market, By Component
4.5 Educational Robot Market, By Region
4.6 Country-Wise Analysis of Educational Robot Market
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Use of Robots for Educational Purposes
5.2.1.2 Technological Advancement in the Field of Robotics
5.2.2 Restraints
5.2.2.1 High Initial R&D Expenditure
5.2.3 Opportunities
5.2.3.1 Growing Demand for Humanoid Robots
5.2.3.2 Huge Potential in Developing Countries
5.2.4 Challenges
5.2.4.1 Concerns Regarding Safety of Kids
5.3 Value Chain Analysis
6 Educational Robot Market, By Component (Page No. - 43)
6.1 Introduction
6.2 Hardware
6.2.1 Sensors
6.2.1.1 Gyroscope
6.2.1.2 Microphone
6.2.1.3 Accelerometer
6.2.1.4 Tilt Sensor
6.2.1.5 Force/Torque Sensor
6.2.1.6 Position Sensor
6.2.1.7 Vision/Image Sensor
6.2.1.8 Others
6.2.2 Actuator
6.2.2.1 Electrical
6.2.2.2 Pneumatic
6.2.2.3 Hydraulic
6.2.2.4 Piezoelectric
6.2.2.5 Ultrasonic
6.2.3 Power Source
6.2.4 Control System/Controller
6.2.5 Others
6.3 Software
7 Educational Robot Market, By Type (Page No. - 53)
7.1 Introduction
7.2 Humanoid
7.3 Non-Humanoid
8 Educational Robot Market, By Education Level (Page No. - 62)
8.1 Introduction
8.2 Elementary and High School Education
8.3 Higher Education
8.4 Special Education
9 Educational Robot Market, By Region (Page No. - 71)
9.1 Introduction
9.2 Americas
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.2.4 South America
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East
9.5.2 Africa
10 Competitive Landscape (Page No. - 91)
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Expansions
10.3.3 Acquisitions, Agreements, and Partnerships
11 Company Profiles (Page No. - 96)
11.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.2 Key Players
11.2.1 Softbank
11.2.2 Robotis
11.2.3 Pal Robotics
11.2.4 Hanson Robotics
11.2.5 Qihan Technology Co.
11.2.6 DST Robot Co.
11.2.7 Probotics America
11.2.8 Wonder Workshop
11.2.9 Aisoy Robotics
11.2.10 Blue Frog Robotics
11.3 Other Key Players
11.3.1 Adele Robots
11.3.2 Macco Robotics
11.3.3 Idmind
11.3.4 Arrick Robotics
11.3.5 Robo Builder
11.4 Key Innovators
11.4.1 AKA
11.4.2 Arcbotics
11.4.3 Primo Toys
11.4.4 Jinn-Bot Robotics & Design
11.4.5 Kubo Robotics
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 119)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (67 Tables)
Table 1 Educational Robot Market, By Component, 20152023 (USD Million)
Table 2 Market for Hardware, By Type, 20152023 (USD Million)
Table 3 Market, By Hardware, 20152023 (USD Million)
Table 4 Market for Sensors, By Type, 20152023 (USD Million)
Table 5 Market for Actuators, By Type, 20152023 (USD Million)
Table 6 Market for Power Source, By Type, 20152023 (USD Million)
Table 7 Market for Control Systems, By Type, 20152023 (USD Million)
Table 8 Market for Other Hardware Components, By Type, 20152023 (USD Million)
Table 9 Market for Software, By Type, 20152023 (USD Million)
Table 10 Market, By Type, 20152023 (USD Million)
Table 11 Market, By Type, 20152023 (Thousand Units)
Table 12 Market for Humanoids, By Component, 20152023 (USD Million)
Table 13 Market for Humanoids, By Hardware, 20152023 (USD Million)
Table 14 Market for Humanoids, By Education Level, 20152023 (USD Million)
Table 15 Market for Humanoids, By Education Level, 20152023 (Units)
Table 16 Market for Humanoids, By Region, 20152023 (USD Million)
Table 17 Market for Humanoid, By Region, 20152023 (Units)
Table 18 Market for Non-Humanoids, By Component, 20152023 (USD Million)
Table 19 Market for Non-Humanoids, By Hardware, 20152023 (USD Million)
Table 20 Market for Non-Humanoids, By Education Level, 20152023 (USD Million)
Table 21 Market for Non-Humanoids, By Education Level, 20152023 (Units)
Table 22 Market for Non-Humanoids, By Region, 20152023 (USD Million)
Table 23 Market for Non-Humanoids, By Region, 20152023 (Units)
Table 24 Market, By Education Level, 20152023 (USD Million)
Table 25 Market, By Education Level, 20152023 (Thousand Units)
Table 26 Market for Educational Robots Used in Elementary and High School Education, By Type, 20152023 (USD Million)
Table 27 Market for Educational Robots Used in Elementary and High School Education, By Type, 20152023 (Units)
Table 28 Market for Educational Robots Used in Elementary and High School Education, By Region, 20152023 (USD Million)
Table 29 Market for Educational Robots Used in Elementary and High School Education, By Region, 20152023 (Units)
Table 30 Market for Educational Robots Used in Higher Education, By Type, 20152023 (USD Million)
Table 31 Market for Educational Robots Used in Higher Education, By Type, 20152023 (Units)
Table 32 Market for Educational Robots Used in Higher Education, By Region, 20152023 (USD Million)
Table 33 Market for Educational Robots Used in Higher Education, By Region, 20152023 (Units)
Table 34 Market for Educational Robots Used in Special Education, By Type, 20152023 (USD Million)
Table 35 Market for Educational Robots Used in Special Education, By Type, 20152023 (Units)
Table 36 Market for Educational Robots Used in Special Education, By Region, 20152023 (USD Million)
Table 37 Market for Educational Robots Used in Special Education, By Region, 20152023 (Units)
Table 38 Market, By Region, 20152023 (USD Million)
Table 39 Market, By Region, 20152023 (Thousand Units)
Table 40 Market in Americas, By Country, 20152023 (USD Million)
Table 41 Market in Americas, By Country, 20152023 (Thousand Units)
Table 42 Market in Americas, By Type, 20152023 (USD Million)
Table 43 Market in Americas, By Type, 20152023 (Units)
Table 44 Market in Americas, By Education Level, 20152023 (USD Million)
Table 45 Market in Americas, By Education Level, 20152023 (Units)
Table 46 Market in Europe, By Country, 20152023 (USD Million)
Table 47 Market in Europe, By Country, 20152023 (Thousand Units)
Table 48 Market in Europe, By Type, 20152023 (USD Million)
Table 49 Market in Europe, By Type, 20152023 (Units)
Table 50 Market in Europe, By Education Level, 20152023 (USD Million)
Table 51 Market in Europe, By Education Level, 20152023 (Units)
Table 52 Market in APAC, By Country, 20152023 (USD Million)
Table 53 Market in APAC, By Country, 20152023 (Thousand Units)
Table 54 Market in APAC, By Type, 20152023 (USD Million)
Table 55 Market in APAC, By Type, 20152023 (Units)
Table 56 Market in APAC, By Education Level, 20152023 (USD Million)
Table 57 Market in APAC, By Education Level, 20152023 (Units)
Table 58 Market in RoW, By Country, 20152023 (USD Million)
Table 59 Market in RoW, By Country, 20152023 (Thousand Units)
Table 60 Market in RoW, By Type, 20152023 (USD Million)
Table 61 Market in RoW, By Type, 20152023 (Units)
Table 62 Market in RoW, By Education Level, 20152023 (USD Million)
Table 63 Market in RoW, By Education Level, 20152023 (Units)
Table 64 Top 5 Players in the Market, 2017
Table 65 5 Most Recent Product Launches in the Market
Table 66 5 Most Recent Expansions in the Market
Table 67 5 Most Recent Acquisitions, Agreements, and Partnerships in the Market
List of Figures (31 Figures)
Figure 1 Educational Robot Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Hardware Segment Expected to Hold Larger Share of Market During Forecast Period
Figure 8 Non-Humanoids Expected to Dominate Educational Robot Market in 2018
Figure 9 Market for Educational Robot Used in Special Education Expected to Grow at Highest CAGR During Forecast Period
Figure 10 APAC Likely to Be Fastest-Growing Region in Market During Forecast Period
Figure 11 Advancement in Robotic Technologies Driving Market Growth
Figure 12 Humanoids Expected to Capture Market in the Future
Figure 13 Higher Education Segment Expected to Account for Largest Market Share in APAC in 2018
Figure 14 Control System Expected to Hold Largest Share of Market During Forecast Period
Figure 15 Market for Educational Robot in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 16 US Expected to Account for Largest Share of Market in 2018
Figure 17 Growing Use of Robots for Educational Purposes are Driving this Market
Figure 18 Value Chain Analysis: Major Value Added During the Original Equipment Manufacturing Phase
Figure 19 Market for Software Expected to Grow at Higher CAGR During Forecast Period
Figure 20 Sensors Expected to Grow at Highest CAGR in this Market for Hardware Component During Forecast Period
Figure 21 Market for Humanoids Expected to Grow Rapidly During the Forecast Period
Figure 22 Market for Educational Robots Used in Special Education Segment Expected to Grow at Highest CAGR During Forecast Period
Figure 23 Market: Geographical Analysis
Figure 24 Americas: Snapshot of Market
Figure 25 Europe: Snapshot of Market
Figure 26 APAC: Snapshot of Market
Figure 27 RoW: Snapshot of Market
Figure 28 In the Market, Companies Adopted Organic Growth Strategies More Than the Inorganic Growth Strategies Between January 2015 and December 2017
Figure 29 Market Evaluation Framework
Figure 30 Softbank: Company Snapshot
Figure 31 DST Robot Co.: Company Snapshot
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Growth opportunities and latent adjacency in Educational Robot Market