Apr 9, 2020   SOURCE: PR NewsWire

Educational Robots: 2020-2025 Market Insights, Trends and Lucrative Segments

DUBLIN, April 9, 2020 /PRNewswire/ -- The "Educational Robot Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

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The educational robot market is expected to register a CAGR of 16% over the forecast period (2020-2025).

The use of robots is rapidly becoming more common across workplaces, homes, and educational institutions. Many schools have started testing a teaching robot, to impart knowledge to their students. These robots can help in delivering lessons in STEM (Science, Technology, Engineering, and Mathematics) concepts that are essential in the educational curriculum.

Robots can also help children that are homeschooled or teach in areas where human experts are short in supply. For instance, English-speaking robots are expected to enter some 500 Japanese classrooms in 2019 to serve this purpose. In South Korea, a robot, Robosem, is teaching English where certified English teachers are rare.

The use of robotics in learning is ideal for interaction in classrooms as it improves social interaction and encourages collaboration among young children. Playing (and learning) with robots also offer additional benefits for students with disabilities.

Students with autism can be very responsive to robots. Robots provide a solution for students with autism to practice social skills without the pressure of interacting with a real person. Milo (Robokind) is one of the examples of technology being used in schools and clinics for children with an autism spectrum disorder. The robot helps people with autism in learning social, emotional and communication skills.

Moreover, robots are increasingly being adopted as teaching assistants or advanced learning tools. In 2017, one of the teachers of Wellington College (United Kingdom) predicted that artificially intelligent robots are likely to replace a teacher by 2027.

Key Market Trends

Humanoid Robots Expected to Witness Significant Growth

    --  Studies have shown that the teaching processes, that incorporates
        robotic-based engagement methods, can approach the effectiveness of a
        human tutor. Not only have these socially-engaging robots are used in
        education, but also as a weight-loss coach, play partners, and a
        companion.
    --  Moreover, robots can be updated with various current knowledge and
        teaching methods. Apart from an initial investment, they don't require
        much more than electricity to run and are cost-effective. These features
        add up to their appeal as teachers and are expected to drive the demand
        during the forecast period.
    --  Since the use of humanoids as a teacher has received a positive response
        in the education segment, the market is poised to gain investments in
        the upcoming years. The humanoid Pepper' from Softbank Robotics, has
        already witnessed widespread adoption among the education segment and is
        expected to witness much more adoption in the near future.
    --  For robots to successfully teach, they need to be able to communicate
        socially. Technological developments made by the vendors in the market
        are emphasizing on this aspect, and it is considered as the biggest
        challenge with robots as teachers right now.

Asia-Pacific Expected to Witness Significant Growth

    --  The Asia-Pacific region is highly likely to adopt the educational robots
        in various educational institutions as there are some widespread
        government initiatives in the region that are primarily aiming to
        improve the literacy rate in the region.
    --  The region is considered one of the biggest innovators in the consumer
        robot space. Moreover, as the region's most innovative robotics
        start-ups continue to innovate and develop their products, they're
        utilizing every opportunity to expand globally.
    --  For instance, Comau in Nov 2018, launched its product, e.DO robot in
        China. e.DO is the first educational robot launched by the company
        specifically designed to help students of different age groups for
        learning both STEM and humanities subjects, as well as explore the
        robotics technology in a more engaging and innovative way.
    --  Moreover, various government initiative by many countries in the region
        is expected to drive the market. For instance, the government of India
        plans to establish the Atal Tinkering Laboratories (ATL) in schools
        across the country with an aim to foster creativity, curiosity, and
        imagination in young children. It will also help children in inculcating
        skills such as computational thinking, design mindset, adaptive
        learning, physical computing, etc.
    --  Under this initiative, children will get a chance to work various with
        tools and equipment to understand the basic and advanced concepts of
        STEM (Science, Technology, Engineering, and Math). Students in the ATL's
        will be equipped with educational and learning kits and equipment on
        science consisting of robotics, electronics, open-source microcontroller
        boards, sensors with 3D printers, and computers.

Competitive Landscape

The educational robot market is highly competitive owing to the presence of several small and large players in the market supplying their products in the domestic as well as in the international markets. The market appears to be moderately concentrated with the key players adopting strategies like product innovation among others primarily to increase their product functionality and expand their geographical presence. Some of the major players in the market are SoftBank Robotics, Hanson Robotics Limited, Wonder Workshop, Blue Frog Robotics among others.

Recent Industry Developments

    --  Jan 2019 - Hanson Robotics Limited one of the prominent players in the
        market announced their next innovation in consumer robots, Little
        Sophia. It is a tutorial companion that teaches STEM, coding, and
        Artificial intelligence (AI), with a playful personality and unmatched
        characteristics of the renowned Sophia the Robot.
    --  Oct 2019 - DOBOT, by Shenzhen Yuejiang Technology Co. Ltd, a global
        provider of robotics education solutions, unveiled its new product
        "Magician Lite", a multi-functional lightweight intelligent robotic arm
        dedicated to K12 and STEM education.

For more information about this report visit https://www.researchandmarkets.com/r/9irdk0

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