The global educational robot market size is expected to reach USD 5.0 billion by 2030, according to a new study by Polaris Market Research. The report “Educational Robot Market Share, Size, Trends, Industry Analysis Report, By Product Type (Service Robot, and Industrial Robot); By Component; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Educational robots are quickly being used in K–5 and K–12 schools as well as other educational institutions due to their effective interactive capabilities. For instance, in February 2022, Miko 3, a kid-friendly learning robot driven by AI, was introduced in India by Miko. The most engaging teaching opportunities are provided by Miko, the firm that introduced the robot, Miko 3. The cognitive and developmental needs of kids between the ages of 5 and 10 are supposedly met by Miko 3. Thus, these robots are rapidly adopted across the verticals.
Additionally, the market growth has been boosted by the growing usage of e-learning approaches like teaching robots, electronic whiteboards, and flip classrooms that offer an effective method of knowledge transmission. For instance, in July 2022, The innovative "Eagle Robot," created by Indus International School, is the first educational robot in India. It is very interactive, experience, & emulating emotions through the digital face. Hence, technical advancements have improved these robots' general functionality and made them more user-friendly, such as creating advanced variations with autonomous movement and environmental sensors to detect nearby impediments. Therefore, these initiatives are boosting growth over the forecast period.
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Additionally, teachers have benefited from the introduction of robot and the widespread use of robotics in educational settings since it makes learning processes simpler and more comfortable for students of all ages. Elementary schools, colleges, and special education facilities all use these robots substantially. Robots used in education help students develop cognitive abilities at an early age. Also, future growth in the global market's revenue is anticipated to be fueled by ongoing research into using sophisticated robot features and integrating industrial robots into higher education programs.
Educational Robot Market Report Highlights
Polaris Market Research has segmented the educational robot market report based on component, product type, application, and region:
Educational Robot, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)
Educational Robot, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Educational Robot, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Educational Robot, Regional Outlook (Revenue - USD Billion, 2018 - 2030)