Educational Robot Global Market Report 2024

The global educational robot market has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth observed in the historical period can be attributed to a focus on active learning methods, the globalization of education, government initiatives in the education sector, evolving pedagogical approaches, and an increased emphasis on STEM (Science, Technology, Engineering, and Mathematics) education.

The global educational robot market is expected to see rapid growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The projected growth in the forecast period can be attributed to the increasing prevalence of online and remote learning, a heightened focus on social-emotional learning, the adoption of personalized learning paths, applications in early childhood education, ongoing efforts in professional development for educators, and a dedicated focus on data security and privacy in educational settings. Key trends expected in this period include the rise of coding and programming education, the adoption of collaborative and social robots in educational environments, and the integration of artificial intelligence (AI) in educational tools, a strong emphasis on security and privacy considerations, and the expansion of the education technology market in emerging economies.

The growing adoption of smart devices is a significant driver propelling the growth of the education robot market. Smart devices, which connect to the internet or other devices wirelessly, facilitate the seamless integration of educational robots with various mobile platforms. For example, robots can connect to Apple iOS and Google Android devices via Bluetooth 4.0, providing students with an interactive and educational experience. The rising global population, coupled with the increasing prevalence of Internet of Things (IoT) devices and the demand for 5G networks, underscores the expanding landscape of smart devices. Consequently, the surge in smart device adoption is a key factor driving the growth of the educational robot market.

The increasing adoption of online learning is a significant factor propelling the growth of the educational robot market. Online learning, or e-learning, has become a prevalent method for acquiring information and skills, and educational robots enhance this experience by offering practical and engaging ways to study various courses, especially in STEM and technology fields. The enrollment in Massive Open Online Courses (MOOCs) is on a rapid rise, with an anticipated annual expansion rate of 29%. Major educational institutions in the US now offer online courses, contributing to the widespread adoption of online learning. This trend is a key driver for the growth of the educational robot market.

Technological advancements are a crucial trend shaping the educational robot market. Major companies in the market are actively engaged in developing innovative technological solutions to strengthen their market position. For instance, iRobot Corp. introduced Create 3 Educational Robots, leveraging the Roomba i3 Series robot vacuum platform. These robots offer educators and advanced makers a user-friendly alternative to traditional robotics kits, eliminating the need for assembly and testing. The emphasis on technological innovation aligns with the market's goal of providing accessible and advanced educational tools to users interested in robotics.

Major companies in the educational robot market are adopting a strategic partnership approach to enhance their global distribution network. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. For example, EZ-Robot Inc., a Canada-based educational robot company, formed a partnership with School Specialty to extend its presence in the US educational robotics sector. The collaboration combines EZ-Robot's expertise in creating engaging STEM and STEAM educational experiences with School Specialty's focus on curriculum solutions, providing millions of American students with the skills needed for the future. This strategic partnership contributes to the growth and outreach of the educational robot market.

In November 2021, Imagine Learning, a US-based educational company, successfully acquired Robotify for an undisclosed amount. This strategic move further solidifies Imagine Learning's commitment to its mission of facilitating learning breakthroughs and supporting students in their unique learning journeys. Robotify, based in Ireland, is a company specializing in the development of educational robots.

Major companies operating in the educational robot market report are SoftBank Robotics Group Corp, Hanson Robotics Limited, ROBOTIS Co Ltd., Aisoy Robotics, Blue Frog Robotics & Buddy, LEGO System A/S, PAL Robotics, Wonder Workshop Inc., Makeblock, Modular Robotics, ABB Ltd., FANUC Corporation, YASKAWA Electric Corporation, KUKA, Universal Robots, Robolink, Advanced Robotics for Manufacturing, BrainCo, CoderZ, Cubic Robotics, Dobot Robots, Edisun Microgrids, EdTech Robotics, EZ-Robot, Fable, Gakken Classroom Global, Hexbug, iFlytek, Kano, KUBO Robotics, and Learning Resources.

North America was the largest region in the educational robot market in 2023. Asia Pacific is expected to be the fastest-growing region in the educational robot market report forecast period. The regions covered in the educational robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the educational robot market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main categories of educational robots are service robots and industrial robots. Service robots are designed to provide various services to humans, and in the educational context, they are tailored to support learning activities. Industrial robots, on the other hand, are mechanical machines programmed to autonomously perform tasks related to production in industrial settings. These educational robots consist of both hardware and software components. They find applications across various educational levels, including primary education, secondary education, higher education, and other educational contexts.

This report provides educational robot market statistics, including educational robots industry global market size, regional shares, competitors with an educational robot market share, detailed educational robot market segments, market trends and opportunities, and any further data you may need to thrive in the educational robots industry. This educational robot market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The educational robot market consists of sales of cubetto robot, bee-bot robot, dash robot, root robot, edison robot. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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