The Asia Pacific Educational Robots Market would witness market growth of 16.8% CAGR during the forecast period (2021-2027).
Educational robots improve the social interaction and motivate comprehension among young students and go beyond the conventional classroom concept. The educational robot provides an option of learning while playing to children, advantages to the students who are disabled. Educational robots address students with autism to practice social skills deprived of any pressure of communicating with humans.
APAC, with numerous developing countries like China, India, Japan, and other South Asian countries, is dominating the market with its significant economic growth as well as an optimistic approach toward its educational infrastructure. Along with that, the Asia Pacific region is experiencing a high growth in population urbanization as well as the adoption of technologies in the field of education. These are some estimated major factors in the growth of the educational robots market in APAC during the forecast period.
60% of the population of the APAC is attributed to China and India. The closure of the schools, colleges, universities, and other educational institutes across the region due to the COVID-19 pandemic affected the development of the educational robots market across the region. In addition, China is the largest manufacturer of robots across the APAC region and the imposition of lockdown in china caused a break in the production of the robots and has highly restricted the growth of the market.
The China market dominated the Asia Pacific Educational Robots Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $190.1 Million by 2027. The Japan market is expected to grow at a CAGR of 17.8% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 17.8% during (2021 - 2027).
Based on Application, the market is segmented into Higher Education, Secondary Education, Primary Education, and Others Applications. Based on Product type, the market is segmented into Non-Humanoid and Humanoid. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Educational Robots Market is Projected to reach USD 2,872.8 million by 2027, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, FANUC Corporation, Yaskawa Electric Corporation, SoftBank Group Corporation (SoftBank Robotics), Teradyne, Inc. (Universal Robots), Techman Robot, Inc. (Quanta Storage, Inc.), Seiko Epson Corporation, Hanson Robotics Limited, SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited), and Kuka AG.
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