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3. Educational Robot Companies - ABB (Switzerland) and FANUC (Japan)are the Key Players

The global educational robot market size is expected to grow from USD 1.4 billion in 2022 to USD 3.2 billion by 2027, at a CAGR of 17.3% during the forecasted period. The major drivers for the growth of educational robot market include increase in deployment of robots in manufacturing industries to promote new job opportunities, surging demand for collaborative robots in educational and industrial sector, and growing research and product development of humanoid robots to transform service sector.

• ABB (Switzerland),
• FANUC (Japan),
• YASKAWA (Japan),
• KUKA (Germany),
• Universal Robots (Denmark),
• SoftBank Robotics Group (Japan),
• Hanson Robotics (China),
• ROBOTIS (South Korea),
• Robolink (US),
• UBTECH Robotics (China), among others.

Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerships, collaborations, and acquisitions, to increase their competitiveness in the market.

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ABB (Switzerland) has mainly focused on collaboration, partnerships, and acquisitions to expand its reach and target educational institutions. In the US, ABB has partnered with various educational institutions to provide training in industrial robotics. For instance, in July 2019, ABB opened its training services in Motlow College (US) for robotics training for students. It marked the company’s sixth training affiliate college in the US. The robotics & discrete automation segment expects revenues to increase above the anticipated market growth of 6% per year. To achieve this, the company will focus on existing markets such as automotive (including electric vehicle manufacturing), new automation solutions, machine-centric robotics and flexible manufacturing concepts, and logistics and healthcare. With a high demand for robots in workplaces, engineers and staff will need to be retrained with advanced technologies and more robotic training will be demanded in schools, colleges, and universities, for developing the skills required to program, operate, and maintain robots for an automated future. Owing to the growing need for safety and security from adverse situations that might occur in the near future, the company has been upgrading its robots for various applications. In August 2020, ABB has launched the IRB 1300 articulated industrial robot, which will help customers meet the demand for a faster and more compact robot that is able to rapidly lift heavy objects or loads with complex or irregular shapes.

FANUC (Japan) offers educational industrial robots under the ROBOT division. With more than 100 different industrial robots in the portfolio, the company caters to various applications. Although the company is known for its traditional industrial robots, it also offers multiple collaborative robots. The company offers the FANUC Educational Package for robotic training and education. The package is designed with students in mind for first-hand experience in operating FANUC’s industrial robots. In March 2022, FANUC launched the new CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots, the latest additions to its popular CRX series that includes the CRX-10iA and CRX-10iA/L collaborative robots. This launch will strengthen the business in the European market and offers a wide range of applications including inspection, machine load/unload, packing, palletizing, sanding, welding, training, and others.

Related Reports:

Educational Robot Market by Type (Humanoid Robots, Collaborative Industrial Robots), Component (Sensors, End Effectors, Actuators, Controllers), Education Level (Higher Education, Special Education) - Global Forecast to 2027

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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