Educational Robot Market

Market Leadership - Educational Robot Market

The educational robot market is projected to grow from USD 1.3 billion in 2021 to USD 2.6 billion by 2026; it is expected to grow at a CAGR of 16.1% from 2021 to 2026. Steady deployment of robots in manufacturing industries is facilitating the growth of robotic education and training centres. Growing demand for collaborative robots across education and industry segments is expected to promote new job opportunities in the industrial robot segment as well. Meanwhile, research and development on humanoid robots to transform the service industry. Introduction of industrial robot programming in high school education and the development of humanoid robots for children with special needs are expected to provide market opportunities for educational robots.

Although the educational robot market is growing at a steady pace, it is moderately competitive owing to the presence of several key global players, as well as several new players playing a key role in the growth of the market. Key strategies adopted by these players to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships, collaboration & joint ventures. For instance, in December 2019, FANUC (Japan) launched two new collaborative robots at the iREX 2019: the CRX-10iA and CRX-10iA/L. The new CRX Series robots are significantly lighter than the CR Series collaborative robots. They can be used for easy installation on a broad range of applications, such as driverless transport systems or AGVs. The robots also offer a new, intuitive programming interface suitable for users with little programming experience. In September 2019, SoftBank Robotics Group (Japan) launched the AI commercial vacuum cleaner called Whiz in Hong Kong, Macau, and Singapore. Whiz is designed to boost operational productivity at commercial premises by automating the process of cleaning carpets and hard flooring without supervision. In May 2020, PAL Robotics has been part of a team of project partners working on the European project Co4Robots, to build a framework that supervises and coordinates multiple robots and humans working together (including robots with different capabilities) to accomplish required tasks. The project consortium consists of BOSCH (Germany), FORTH: Foundation for Research & Technology (Greece), KTH: Royal Institute of Technology (Sweden), NTUA: The National Technical University of Athens (Greece), PAL Robotics (Spain), and UGOT: The University of Gothenburg (Sweden).

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ABB (Switzerland) is a leading supplier of industrial robots and modular manufacturing systems and services. Its operations are organized through 4 business divisions—electrification, motion, industrial automation, and robotics & discrete automation. All industrial robots offered and robot training programs conducted by the company are handled by its robotics & discrete automation business segment. As of October 2020, this segment has accounted for revenue of USD 2.1 billion. More than 300,000 ABB robots are estimated to be installed worldwide. The company offers the Software, Maintenance, and Robotics Training (SMART) robot certification program to selected educational institutions. This program provides real-world, hands-on training and interactive activities to implement, teach, and certify students to program and operate ABB robots. Upon completion, a certificate is provided to the student that states that he/she is certified on ABB robots. The SMART education and training package includes the IRB120 articulated robot, IRC5 controller, and RobotStudio software. ABB has operations in around 100 countries across 4 regions—Europe, the Americas, Asia, and the Middle East & Africa. Some of its major subsidiaries are ABB Holdings Limited, Warrington (UK), ABB Norden Holding AB (Sweden), ABB Ltd., Seoul (South Korea), ABB K.K., Tokyo (Japan), ABB (China) Ltd., ABB Ltda., Osasco (Brazil), and ABB AG, Mannheim (Germany).

SoftBank Robotics Group (Japan) is a holding company of the SoftBank Group that oversees its robotics business. SoftBank Robotics Group was established in 2012. The company changed its name from SoftBank Robotics Holdings to SoftBank Robotics Group in November 2016. The company’s robot education program covers every level of education, including primary/secondary, higher education/research, and specialized education. For education and programming, humanoid robots offered are Pepper and NAO, whereas for robotic vacuum Whiz is offered. The humanoid robots are fully programmable with a graphical interface and also help develop social and emotional skills. The company’s robots are often leveraged as complex study subjects for students and researchers. Softbank Robotics Group has about 60 certified partners. It offers a wide range of solutions for retail, finance, government, healthcare, tourism, and education & research sectors. The companies under the SoftBank Group (Japan) include SoftBank Robotics Europe SAS (France), SoftBank Robotics America Inc. (US), SoftBank Robotics China (China), Boston Dynamics (US)(in December 2020, Hyundai Motor Group agreed to buy a controlling stake of Boston Dynamics), and Asratec (Japan).

Related Reports:

Educational Robot Market with COVID-19 Impact Analysis by Type (Humanoid Robots, Collaborative Industrial Robots), Component (Sensors, End Effectors, Actuators), Education Level (Higher Education, Special Education), and Region - Global Forecast to 2026

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Report Code
SE 6132
RI Published ON
1/13/2021
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