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Educational Robots: Worldwide Market Opportunity Forecast to 2023 - Huge Potential in Developing Countries - ResearchAndMarkets.com

July 6, 2018

DUBLIN--(BUSINESS WIRE)--Jul 6, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.

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 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 educational robot 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.

Market Dynamics

Drivers

Use of Robots for Educational Purposes Technological Advancement in the Field of Robotics

Restraints

High Initial R&D Expenditure

Opportunities

Growing Demand for Humanoid Robots Huge Potential in Developing Countries

Challenges

Concerns Regarding Safety of Kids

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Educational Robot Market, By Component

7 Educational Robot Market, By Type

8 Educational Robot Market, By Education Level

9 Educational Robot Market, By Region

10 Competitive Landscape

11 Company Profiles

Softbank Robotis Pal Robotics Hanson Robotics Qihan Technology Co. DST Robot Co. Probotics America Wonder Workshop Aisoy Robotics Blue Frog Robotics Adele Robots Macco Robotics IDMind Arrick Robotics Robo Builder AKA Arcbotics Primo Toys Jinn-Bot Robotics & Design Kubo Robotics

For more information about this report visit https://www.researchandmarkets.com/research/zgrn4p/educational?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180706005261/en/

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Related Topics:Robotics

KEYWORD:

INDUSTRY KEYWORD: EDUCATION OTHER EDUCATION TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/06/2018 10:35 AM/DISC: 07/06/2018 10:35 AM

http://www.businesswire.com/news/home/20180706005261/en

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