Educational robots market worth $3.2 billion by 2027 –
Chicago, July 26, 2022 (GLOBE NEWSWIRE) — The educational robots market size is expected to grow from USD 1.4 billion in 2022 to USD 3.2 billion by 2027, growing at a CAGR of 17.3% during the forecast period, according to a new report by MarketsandMarkets ™. Key drivers for the growth of the educational robots market include growing demand for collaborative robots in the educational and industrial sector, increasing research and development of humanoid robot products to transform the service industry, and increasing the penetration of robots in manufacturing industries to promote new employment opportunities. .
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The educational robot market dominated by major Tier I vendors like ABB, FANUC, KUKA and YASKAWA. These vendors have their manufacturing facilities spread across various countries in Asia-Pacific, Europe, North America, South America, and the rest of the world.
End-effectors are expected to hold the largest market share in the educational robots for hardware market over the forecast period
An end effector is installed at the end of the robotic arm and is a key part of an industrial robot. End effectors are of different types, such as finger grippers, vacuum grippers, and magnetic grippers. Most industrial robot manufacturers purchase end-effectors from third-party manufacturers such as Schunk (Germany), Schmalz (Germany) and Zimmer Group (Germany) who offer a wide range of end-effectors. End effectors can also be used in service robots to grab and manipulate objects, but they are not designed for industrial use but only for research purposes. End-effectors are also not an integral part of a service robot, unlike industrial robots. Many humanoid robots are built without arms, and robots with arms are mainly used for performing various gestures rather than manipulating objects.
Industrial robot has witnessed significant growth in the educational robot market over the forecast period
Industrial robots are being introduced into schools to introduce students to robotic programming. Some industrial robot manufacturers also have ties with colleges to provide robotics training and certification. The global education sector has seen significant changes due to the introduction of new devices, such as interactive humanoids and interactive screens, equipped with non-humanoids. More interactive and digital educational content is needed for integration with interactive devices in the education segment.
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The special education segment for educational robots market is the fastest growing segment during the forecast period
With robots, children with autism can learn skills and knowledge through alternative methods. Robotic education helps these students learn in a different classroom environment. These robots can be specifically programmed to interact with special students according to their needs. Some of these robots have already been adopted around the world for personal care and assistance, which could, in turn, be an added benefit for interacting with special children. Kinova Robots (Canada) is one of the few companies to have developed assistance robots using collaborative robot technology. Hence, educational robots for special education are witnessing the highest growth over the forecast period.
Europe is likely to emerge as the second fastest growing region over the forecast period
For more than a decade, robotics in education has attracted attention across Europe. The introduction of cost-effective educational robotic solutions in Europe has been sponsored by various educational organizations in the region, which is driving the growth of the educational robot market. Alsoy Robotics (Spain), a supplier of educational robots, has established a strong presence in the European market by offering robotic education solutions in different languages, such as English, Spanish, French, German, Dutch and Italian. In addition, universities such as the University of Cambridge (UK), ETH Zurich (Switzerland) and the Technical University of Berlin (Germany) are engaged in R&D activities for the development of AI and robotic technologies.
ABB (Switzerland), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), Universal Robots (Denmark), SoftBank Robotics Group (Japan), Hanson Robotics (China), ROBOTIS (South Korea), Robolink (United United), UBTECH Robotics (China) are some major players in the educational robot market.
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