San FranciscoAnd the December 21, 2022 /PRNewswire/ — Globalism Educational robotics market Size is expected 5.5 billion US dollars By 2030, according to a new report from Grand View Research, Inc. The market is expected to expand at a compound annual growth rate of 23.4% from 2022 to 2030. This growth can be attributed to the increasing trend towards interactive learning across educational institutions.
Industry insights and key findings from the report:
The Non-Human Product Type segment accounted for the largest revenue share in 2021 and is estimated to follow a similar trend over the forecast period.
The growth of the educational robots segment across the educational robotics market can be attributed to increased product adoption due to their humanoid presence that resembles real-life teachers.
The primary education sector is expected to register a compound annual growth rate of more than 26.0% from 2022 to 2030 with increased adoption of robots by educational institutions to encourage STEAM education among children under 10 years of age.
North Amarica It captured the highest market share in 2021 due to a large number of market players and increasing investments from government organizations in the field of robotics.
Asia Pacific It is estimated to register the highest growth rate during the forecast period on account of increased investments by the government and NGOs towards advanced education across the region.
Read our 171-page market research report,”Education Robot Market Size Analysis Report, Share and Trends by Product Type (Non-Human, Human), by Application (Primary Education, Tertiary Education), by Region (APAC, EuropeAnd the North Amarica), and sectoral forecasts, 2022–2030Published by Grand View Research.
Trends and growth of the educational robotics market
Educational robots act as learning companions who use realistic learning models to help students acquire new skills by enhancing the learning process. Educational bots provide information in science, technology, engineering, art, and math (STEAM) fields, as well as computer programming, linguistics, history, and geography. Moreover, these robots also help in keeping young students engaged, happy, and educated as it includes advanced mechanics, voice control, and gestures.
The outbreak of the global COVID-19 pandemic has seriously affected the educational robotics market as many modifications have been made in the educational system to enable students to stay at home and continue their education. However, students were denied a hands-on learning experience. On the other hand, the temporary closure of universities, schools and training centers and the disruption of supply chains has had a serious impact on the industry.
Educational robotics market growth will be further fueled by favorable government initiatives in several countries. For example, in 2022, the US government will increase its funding for STEM activities. Funding for student support and academic enrichment grants increased to 1.3 billion US dollarsCareer and Technical Education (CTE) to 1.4 billion US dollarsSupport effective education state grants to 2.2 billion US dollarsCommunity Learning Centers for the 21st Century 1.3 billion US dollars.
Educational robotics market segmentation
Grand View Research has segmented the global educational robotics market into segments on the basis of product, application, and region:
Educational Robotics Market – Product Type Forecast (Revenue, Million USD, 2018 – 2030)
Educational Robotics Market – Applications Forecast (Revenue, Million US$, 2018 – 2030)
Educational Robotics Market – Regional Forecast (Revenue, Billion USD, 2018-2030)
Middle east & Africa
List of the major players in the Educational Robotics Market
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About Grandview Research
Grand View Research, a US-based market research and advisory firm, provides joint and customized research reports and advisory services. Registered in California Based in San FranciscoThe firm has more than 425 analysts and consultants, and adds more than 1,200 market research reports to its extensive database each year. These reports provide an in-depth analysis of 46 industries in 25 major countries around the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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