Educational Robots Market Size Worth $3.27 Billion by 2028: Grand View Research, Inc.
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Read 100-page market research report, "Educational Robots Market Size, Share & Trends Analysis Report By Product Type (Non-Humanoid, Humanoid), By Application (Primary, Higher), By Region (APAC, Europe, North America), And Segment Forecasts, 2021 - 2028", published by Grand View Research.
Educational Robots Market Growth & Trends
The education sector has been significantly impacted by the COVID-19 pandemic. The several modifications brought into the educational system due to the pandemic allowed students to stay at home and continue their education. However, these deprived students of first-hand experience due to the lack of physical learning opportunities. The industry suffered significantly as universities, schools, and training centers were required to remain shut for a long time. The pandemic also impacted the supply chains of educational robot manufacturers leaving another negative impact on the industry.
Nevertheless, the market is expected to benefit from the initiatives taken by several educational institutes to educate students and provide hands-on experience on robotics. Increased investments in robotics by several governments are also expected to drive the demand in the near future. For instance, in August 2019, the Indian government allocated USD 436.4 million to aid research in Artificial Intelligence (AI), Robotics, and Internet of Things (IoT), and other advanced technologies to create an AI ecosystem.
Educational Robots Market Segmentation
Grand View Research has segmented the global educational robots market based on product type, application, and region:
Educational Robots Product Type Outlook (Revenue, USD Million, 2016 - 2028)
Educational Robots Application Outlook (Revenue, USD Million, 2016 - 2028)
Educational Robots Regional Outlook (Revenue, USD Million, 2016 - 2028)
List of Key Players of Educational Robots Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. 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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