DUBLIN, December 21, 2021–(BUSINESS WIRE)–The “North America Educational Robot Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Type (Humanoid and Non-Humanoid) and Application (Primary Education, Secondary Education, Higher Education, and Others)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the market is expected to reach US$ 1,066 million by 2028 from US$ 312.4 million in 2021. The market is estimated to grow at a CAGR of 19.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} from 2021 to 2028.
Increasing focus towards STEM education is the major factor driving the growth of the North America educational robot market. However, high capital required for research & development of robots hinder the growth of North America educational robot market.
Presently, North America is the largest market in terms of revenue share of global educational robot market. The region is characterized by the presence of developed nations such as US and Canada, where the demand of education technology solutions & services is quite high owing to the huge presence of educational robot manufacturing companies, smart device manufacturers, cloud service providers, and high adoption of advanced technologies such as robots among schools and educational institutions. Education technology industry has been flourishing at an impressive pace in the US due to high adoption among end-users and growing investments and funding in start-ups.
In terms of COVID-19 outbreak, US is the world’s worst affected country presently in terms of confirmed cases and number of deaths, as per latest WHO reports. However, with more and more schools and universities continuing to adopt distance learning through virtual classrooms and online exams & assessment tools, in the wake of ongoing pandemic and closure of schools across major North American countries. Moreover, the sudden shutdown of all economic activities across the region have also impacted the manufacturing of educational robots and have disrupted its supply chain. Hence, the COVID 19 outbreak has a negative impact on the growth across the region.
Market Segment Analysis
The market is segmented by type, application, and country.
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Based on type, the educational robot market is segmented into humanoid and non-humanoid. In 2020, the non-humanoid segment held the largest share North America educational robot market.
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Based on application the educational robot market is categorized into primary education and secondary education, higher education and others In 2020, the higher education segment held the largest share North America educational robot market.
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Based on country, the educational robot market is segmented into US, Canada, and Mexico.
Competitive Insights
Lego System A/S; Life & Science, Inc; Modular Robotics; Probotics America; Robotis Co. Ltd.; Sanbot Innovation Technology. Ltd; SoftBank Robotics Group Corp. are among the leading companies in the North America educational robot market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Modular Robotics launched Cubelets Console, a software which allows users to program the cubelets by replacing C programming apps and Blockly.
Key Topics Covered
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Educational Robot Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Educational Robot Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Focus Towards STEM Education
5.1.2 Use of Robots for Autism
5.2 Key Market Restraints
5.2.1 High Capital Required for Research & Development of Robots
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Robots for Learning Language
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Educational Robot Market – North America Market Analysis
6.1 North America Educational Robot Market Forecast and Analysis
7. North America Educational Robot Market – By Type
7.1 Overview
7.2 North America Educational Robot Market Breakdown, By Type, 2020 & 2028
7.3 Humanoid
7.4 Non-Humanoid
8. North America Educational Robot Market – By Application
8.1 Overview
8.2 North America Educational Robot Market Breakdown, By Application, 2020 & 2028
8.3 Primary Education
8.4 Secondary Education
8.5 Higher Education
8.6 Others
9. North America Educational Robot Market – Country Analysis
9.1 Overview
10. North America Educational Robot Market – COVID-19 Impact Analysis
10.1 Overview
10.2 North America
11. North America Educational Robot Market – Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Modular Robotics
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products & Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Probotics America
12.3 Sanbot Innovation Technology. Ltd.
12.4 Life & Science, Inc.
12.5 Robotis Co. Ltd.
12.6 SoftBank Robotics Group Corp.
12.7 Lego System A/S
For more information about this report visit https://www.researchandmarkets.com/r/jyevxh
View source version on businesswire.com: https://www.businesswire.com/news/home/20211221005464/en/
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