May 3, 2018   SOURCE: PR NewsWire

Educational Robots Outlook 2018-2023: Global Market Analysis by Component, Type, Education Level, and Geography

Educational Robots Outlook 2018-2023: Global Market Analysis by Component, Type, Education Level, and Geography

DUBLIN, May 3, 2018 /PRNewswire/ --

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.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

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 mainly driven by factors such as the use of robots for educational purposes and technological advancements in the field of robotics.

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. Humanoid robots have the ability to assist and even replace teachers in classrooms; hence, schools are looking forward to deploying humanoids in their classrooms to attract the attention of parents by modernizing the teaching pattern. Moreover, with the decline in the price of humanoids, it is expected that they will make their way to homes as educational material to impart education and teach programming to kids.

The educational robot market is segmented on the basis of education level into elementary and high school education, higher education, and special education. The market for educational robots used in special education is expected to grow at the highest CAGR during the forecast period. Though special educational robots are for children with autism and developmental issues, which makes educational robots occupy the lowest percent of market share, the growing demand for learning assistance robots across the world attributes to its high growth rate.

The educational robot market is broadly classified on the basis of geographic regions into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is likely to adopt educational robots as there are some widespread government initiatives in the region that aim to improve the literacy rate in the region. Government initiatives for education and technological advancements offer opportunities for the educational robot market in this region. Due to increasing use of robots for educational purposes and technological advancements in the field of robotics, the region is expected to deploy educational robots. However, the Americas held a major share of the market in 2017. The Americas is the early adopter of educational robots, which is resulting in the maximum demand for robots from this region.

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

Companies Mentioned

    --  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

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Ranking Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Educational Robot Market
4.2 Educational Robot Market, By Type
4.3 Educational Robot Market in APAC, By Education Level and Country
4.4 Educational Robot Market, By Component
4.5 Educational Robot Market, By Region
4.6 Country-Wise Analysis of Educational Robot Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Value Chain Analysis

6 Educational Robot Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Software

7 Educational Robot Market, By Type
7.1 Introduction
7.2 Humanoid
7.3 Non-Humanoid

8 Educational Robot Market, By Education Level
8.1 Introduction
8.2 Elementary and High School Education
8.3 Higher Education
8.4 Special Education

9 Educational Robot Market, By Region
9.1 Introduction
9.2 Americas
9.3 Europe
9.4 Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.3 Other Key Players
11.4 Key Innovators

For more information about this report visit https://www.researchandmarkets.com/research/7jg6jc/educational?w=5

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/educational-robots-outlook-2018-2023-global-market-analysis-by-component-type-education-level-and-geography-300642039.html

SOURCE Research and Markets