RoboInd market brief: Educational Robot Market is estimated at USD 3.2 billion in 2027. The report cites a CAGR of 17.3% over 2022–2027.
Market snapshot
- USD 3.2 billion in 2027
Stated compound annual growth rate: 17.3% (2022–2027).
Market overview
The global educational robot market size is projected to reach USD 3.2 billion by 2027, at a CAGR of 17.3% during the forecasted period. ABB (Switzerland), FANUC (Japan), YASKAWA (Japan), KUKA (Germany), Universal Robots (Denmark), SoftBank Robotics Group (Japan), Hanson Robotics (China), ROBOTIS (South Korea), Robolink (US), UBTECH Robotics (China) are few major players in the educational robot market.
Market drivers and constraints
- Surging demand for collaborative robots in education and industrial sectors: Collaborative robots are becoming more affordable and are easier to program, especially for novice users. They are used in two distinct ways in research and education. Universities are studying how to utilize the potential of collaborative robots across several different industries by uncovering new uses and applications, improving existing applications, enhancing robot efficiency, and studying robots’ effects on…
- High costs associated with educational robots: Most of the robots used for training and education have a payload of around 10 kg or less. In some instances, robots with higher payloads up to 60 kg are also used. The cost of industrial robots , coupled with integration costs and the cost of peripherals, such as end effectors and vision systems, makes industrial robots a costly investment for educational institutions. Humanoid robots can cost anywhere from USD 7,000 to USD 50,000. For instance,…
- Introduction of industrial robots in high schools: There has been a rise in the number of secondary schools around the world that offer robotics classes and related disciplines to prepare students for industries being transformed by robotic automation. The schools are adapting educational materials developed by industrial robot manufacturers and building special labs. The idea is to give the students a foundation on industrial technology’s workings and, in some cases, expose them to careers in…
- Difficulties faced by training centers to conduct hands-on training: The installation, commissioning, and training of industrial robots require human resources. The pandemic control measures undertaken worldwide are making hands-on training difficult to conduct. Many of the training programs are being conducted online, and robot simulation software is being leveraged. However, they do not provide the benefits of a real-world operating scenario. Hence, institutions and training centers are…
Reading the figures: Values follow the market definition and forecast period stated in the source report. Estimates using different scopes should not be combined without normalization.