LONDON–(BUSINESS WIRE)–The educational robots market is expected to grow by 590.82 thousand units, progressing at a CAGR of almost 28% during the forecast period.
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The decline in the price of educational robots is one of the major factors propelling market growth. However, factors such as high cost and time consuming implementation of robots in educational curriculum will hamper the market growth.
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Educational Robots Market: Product Landscape
Based on the product landscape, the Pre-configured educational robots segment is expected to post significant growth during the forecast period.
Educational Robots Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 39% of the market’s overall growth is expected to originate from North America. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- BLUE FROG ROBOTICS & BUDDY
- fischerwerke GmbH & Co. KG
- Innovation First International Inc.
- LEGO System AS
- Makeblock
- Modular Robotics Incorporated
- PAL Robotics
- Pitsco Inc.
- ROBOTIS Co. Ltd.
- SoftBank Group Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product by Volume
- Market segments
- Comparison by Product by volume placement
- Pre-configured educational robots – Market size and forecast 2019-2024 ($ millions)
- Reconfigurable educational robots – Market size and forecast 2019-2024 ($ millions)
- Humanoid educational robots – Market size and forecast 2019-2024 ($ millions)
- Market opportunity by Product by volume
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BLUE FROG ROBOTICS & BUDDY
- fischerwerke GmbH & Co. KG
- Innovation First International Inc.
- LEGO System AS
- Makeblock
- Modular Robotics Incorporated
- PAL Robotics
- Pitsco Inc.
- ROBOTIS Co. Ltd.
- SoftBank Group Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.