Report Predicts Educational Robots Market to Reach USD 8.6 Billion by 2030

The Educational Robots market is expected to grow at a CAGR of 18% by the end of 2030 as reported by Market Research Future (MRFR) in their “Educational Robots Market Research Report: By Type, Application, Component, and Region – Forecast Till 2030“. As the education sector across the globe continues to progress, such prediction for the Educational Robots market is highly likely and expected.

Factors such as new technology and changing landscape contribute to this growth as educational robots are becoming new tools to improve a student’s learning experience in schools and professionals in other educational institutions. Nowadays, robotics technology has vastly improved and advanced to the point where educational robots can now teach basic topics like maths, science, coding, and robotics.

Aside from these, they can also be used for fun activities such as interactive learning, gaming, and simulations that can help bring the educational robot market forward.

Thus, the report divides the educational robots market into two segments: formal education and informal education based on application. The former segment is said to dominate the category in 2022 with the expectation that it will grow the fastest in 2023-2030.

In the report conducted by MRFR, educational robots are categorized into two types: humanoid robots and non-humanoid robots. The former is meant to mirror the human form, movement, and behavior while the latter is not necessarily so. Humanoid robots as educational robots are marked to have the smallest market category but are predicted to have a high potential in contributing to the transformation of the education service business in the future.

Seeing as how humanoid robots are now being used in the medical and healthcare field, the acceptance of these humanoid service/educational robots are gaining growth exponentially.

The report has also listed the key companies that will contribute to the growth of the educational robots market: SoftBank, BLUE FROG ROBOTICS, Aisoy Robotics, QIHAN Technology Co., FANUC, ST Robot Co., Hanson Robotics, PAL Robotics, Probotics America, Wonder Workshop, Ozobot & Evolive, Inc., Makeblock, Co. Ltd, and Modular Robotics.

Overall, the study and report showed that the Asia-Pacific region is the fastest-growing educational robots marketplace and has the second-largest market share worldwide. This is due to their fast-rising economics and increased investment in education and research. The growing acceptance of using technology in the education sector is also vast in the region, especially in China, Japan, South Korea, and India.