An educational robot can be defined as a learning assistant that uses real-life educational models to help students of all ages acquire new skills in science, technology, engineering, arts and mathematics (STEAM), linguistics, computer programming, geography, and geography history.
Key Insights & Findings from the report:
– The non-humanoid product type segment accounted for the largest revenue share in 2020 and is expected to retain its dominance over the forecast period.
– The higher education application segment accounted for the largest revenue share in 2020. However, the primary education segment is likely to register the fastest CAGR from 2021 to 2028.
– The growth of this segment can be attributed to the increasing acceptance of humanoid robots by students owing to their human-like presence that resembles real-life teachers.
– This can be attributed to the existence of a large number of market players and heavy investments made by the respective governments in R&D related to robotics in the region.
– North America captured the highest market share in 2020 and is expected to hold its position over the forecast period.
– Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028 due to the increasing investments by the government as well as Non-Governmental Organizations (NGOs) to support and bring advanced education across the region.
– The fast growth of this segment can be attributed to the increasing adoption of robots by educational institutions to encourage STEAM education among kids, especially those below 10 years of age.
