Educational Robots Market - Forecasts from 2024 to 2029

Global Educational Robots Market is estimated to grow at a CAGR of 17.04% during the forecast period to reach US$4.833 billion by 2029, from US$1.607 billion in 2022.

Educational robots include the collection of activities, educational resources, pedagogical philosophy, and physical platforms for transferring knowledge. Educational robots are increasingly adopted in K-12 schools worldwide owing to their effective interactive capability.

Increasing expenditure on research and development and the growing popularity of these robots as a learning tool will drive their demand. The emergence of affordable educational robots will increase the growing demand for these robots.

The hardware and software components of the global educational robot are divided into two categories. Because existing businesses were investing more money in research and development, software accounted for a large portion of the industry. Modern solutions are being created by new companies that are entering the industry to gain a larger share. Due to their widespread use in K-12 schools, the instructional kits that the firms offered accounted for a sizeable portion of the hardware market.

Market Drivers:

• Growing emphasis on STEM education-

The significance of Science, Technology, Engineering, and Mathematics (STEM) education is steadily growing as it plays a crucial role in preparing students for the future workforce. Educational robots offer a hands-on and captivating approach for students to delve into STEM concepts, including coding, robotics, and artificial intelligence.

In India, the integration of AI courses is set to commence at the school level, beginning from class 6. A dedicated committee has meticulously developed a comprehensive curriculum as part of the 'National Programme on Artificial Intelligence Skilling Framework,' ensuring that students across the nation are well-prepared for AI education. On the international front, the Stanford University Institute for Human-Centered AI (HAI) has custom-tailored a government education program specifically for the U.S. General Services Administration's AI Community of Practice (AICoP). These developments are instrumental in propelling the widespread adoption of educational robots in schools and various educational institutions worldwide.

• Advancements in robotics technology-

The affordability, user-friendliness, and versatility of robots have significantly increased, making them more attainable for educational purposes. There is a notable trend in developing new types of robots explicitly designed for education, featuring capabilities tailored to the diverse needs of different age groups and learning levels.

In response to mounting challenges faced by industrial companies, ranging from rising prices to a shortage of skilled workers, collaborative efforts are underway. For instance, KUKA Robotics and HELLER, a CNC machine tools producer, have teamed up in a pilot project to create a mobile robot addressing these challenges. This intelligent application autonomously loads and unloads machines with tools, alleviating the burden on employees.

A noteworthy development in the robotics landscape is the U.S. debut of the long-reach UR20 cobot arm from Universal Robots (UR) at FABTECH. UR cobots demonstrate the ability to weld more parts per run, enhancing efficiency and handling larger and more intricate welding tasks.

The widespread integration of robots across various industries has propelled technological advancements, resulting in a growing demand for education-centric robotics to ensure accessibility for people of all backgrounds and skill levels.

Market Restraints:

• High cost-

Educational robots can be expensive, ranging from simple programmable tools to sophisticated humanoid robots. This initial investment cost can be a significant barrier for schools and individual educators, especially in budget-constrained environments.

The global educational robots market segmented by end-user into k-12 schools, universities, and others

The global educational robots market is categorized by end-users, including K-12 schools, universities, and other educational institutions. In K-12 schools, robots play a pivotal role in fostering engagement and hands-on learning experiences in subjects such as science, technology, engineering, and math (STEM). The increasing affordability of these robotic options enhances accessibility for schools, facilitating broader adoption.

Within universities, educational robots find applications in research, particularly in areas such as artificial intelligence (AI), machine learning, and healthcare. The development of advanced robots in this context is supported by research grants and initiatives, contributing to the expansion of capabilities in various scientific domains.

In the broader category of "others," educational robots are designed to accommodate individual learning styles and specific educational needs, providing a versatile solution for diverse learning environments.

Global educational robots market as geographical segments-

North America and Europe, which are both developed nations, are the main sources of demand for educational robots. The main driving forces in these areas are the early adoption of cutting-edge technology and the presence of high-income nations. The Asia-Pacific region will witness substantial growth in the coming years due to increasing disposable income, favorable government policies, and corporations offering cost-effective educational robots. The Middle East, Africa, and South American regions will witness modest growth over the forecast period.

Market Developments:

• September 2023- ABB expanded its educational portfolio with the introduction of the IRB 1090. This new educational robot played a crucial role in ABB's comprehensive education offerings, featuring a range of industrial robots, education packages, advanced controllers, and leading programming and simulation software. The 1090 industrial education robot, endorsed by the globally recognized education institute STEM.org, is made to enhance the skillsets of students.
• January 2023- Orbbec, unveiled its latest product, the Femto Mega, at CES 2023. This device seamlessly integrated the NVIDIA(R) Jetson(TM) platform for software-defined depth vision and was specifically designed to eliminate obstacles for developers working on robotics applications. The programmable multi-mode camera, featuring AI processing powered by NVIDIA Jetson, is operated as an IoT device in various sectors such as robotics, logistics, manufacturing, retail, healthcare, and fitness solutions.
• March 2022- The newest models in FANUC's well-liked CRX series, including the CRX-10iA and CRX-10iA/L collaborative robots, are the CRX-5iA, CRX-20iA/L, and CRX-25iA. With a wide range of applications, including inspection, machine load/unload, packing, palletizing, sanding, welding, training, and others, this launch will help the company grow in the European market.

Market Segmentation:

By Component

• Software
• Hardware
• Sensor
• Control System
• Actuator
• Others

By End-User

• K-12 Schools
• Universities
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others