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)
Market Introduction
North America comprises of the US, Canada, and Mexico. The US and Canada are developed countries in terms of modern technologies, the standard of living, infrastructure, etc., while Mexico is one of the world’s fastest developing economies with the presence of a significant middle-class population experiencing growth in their standard of living. In the US, educators have been encouraging the inclusion of STEM curriculum to address the next-gen of workers, including the development of the world’s next roboticists as well as artificial engineering experts. In the US, educators are constantly trying to include robots as well as robotic education in classrooms. However, robotics programs and curricula differ across school districts. STEM-based initiatives were introduced in the country almost 25 years back, since then several students have been taking part in STEM programs. However, there are several challenges, such as unequal opportunity to participate in these programs. For instance, most of the low-income schools depend on external funding to include such programs, thus lacking in introducing robots to their education system. Also, there are very few numbers of schools that have implemented robotics for every student throughout the academic year.
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.
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Market Overview and Dynamics
The educational robot market in North America is expected to grow from US$ 312.40 million in 2021 to US$ 1,066.00 million by 2028; it is estimated to grow at a CAGR of 19.2% from 2021 to 2028. Increasing demand for robots for learning language, The humanoid robots are identical to the human features and interacts with social tools and the environment. Human-Robot-Interaction has gained considerable attention at research centers and educational institutes. The robots are not just powerful tool for STEM education but has also been used across various countries for developing communication skills among children as these robots can be integrated with various languages. With the innovative teaching methods and the increasing adoption of humanoid robots across the primary to higher education, vendors have a huge opportunity for humanoid robots during the forecast period. This is bolstering the growth of the educational robot market.
Key Market Segments
In terms of type, the non-humanoid segment accounted for the largest share of the North America educational robot market in 2020. In terms of application, the higher education segment held a larger market share of the educational robot market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the educational robot market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Lego System A/S; Life & Science, Inc; Modular Robotics; Probotics America; Robotis Co., Ltd.; Sanbot Innovation Technology., Ltd; SoftBank Robotics Group Corp. among others.
Reasons to buy report
- To understand the North America educational robot market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America educational robot market
- Efficiently plan M&A and partnership deals in North America educational robot market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America educational robot market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
NORTH AMERICA EDUCATIONAL ROBOT MARKET SEGMENTATION
By Type
- Humanoid
- Non-Humanoid
By Application
- Primary Education
- Secondary Education
- Higher Education
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- Lego System A/S
- Life & Science, Inc
- Modular Robotics
- Probotics America
- Robotis Co., Ltd.
- Sanbot Innovation Technology., Ltd
- SoftBank Robotics Group Corp.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Educational Robot Market – By Type
1.3.2 North America Educational Robot Market – By Application
1.3.3 North America Educational Robot Market – By Country
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
7.3.1 Overview
7.3.2 North America Humanoid Educational Robot Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Non-Humanoid
7.4.1 Overview
7.4.2 North America Non-Humanoid Educational Robot Market Revenue and Forecasts to 2028 (US$ Mn)
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
8.3.1 Overview
8.3.2 North America Primary Education Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Secondary Education
8.4.1 Overview
8.4.2 North America Secondary Education Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Higher Education
8.5.1 Overview
8.5.2 North America Higher Education Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 North America Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. North America Educational Robot Market – Country Analysis
9.1 Overview
9.1.1 North America Educational Robot Market Revenue And Forecast to 2028 (US$ Mn)
9.1.2 North America Educational Robot Market Breakdown, By Country
9.1.2.1 US Educational Robot Market Revenue and Forecast to 2028 (US$ Mn)
9.1.2.1.1 US Educational Robot Market Breakdown, By Type
9.1.2.1.2 US Educational robot Market Breakdown, By Application
9.1.2.2 Canada Educational Robot Market Revenue and Forecast to 2028 (US$ Mn)
9.1.2.2.1 Canada Educational Robot Market Breakdown, By Type
9.1.2.2.2 Canada Educational Robot Market Breakdown, By Application
9.1.2.3 Mexico Educational Robot Market Revenue and Forecast to 2028 (US$ Mn)
9.1.2.3.1 Mexico Educational Robot Market Breakdown, By Type
9.1.2.3.2 Mexico Educational Robot Market Breakdown, By Application
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 and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Probotics America
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sanbot Innovation Technology., Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Life & Science, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Robotis Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SoftBank Robotics Group Corp.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Lego System A/S
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Educational Robot market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. US Educational Robot Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 3. US Educational robot Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 4. Canada Educational Robot Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 5. Canada Educational Robot Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 6. Mexico Educational Robot Market Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 7. Mexico Educational Robot Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 8. Glossary of Terms, educational robot Market
LIST OF FIGURES
Figure 1. North America Educational Robot Market Segmentation
Figure 2. North America Educational Robot Market Segmentation - Country
Figure 3. North America Educational Robot Market Overview
Figure 4. North America Educational Robot Market, By Type
Figure 5. North America Educational Robot Market, By Application
Figure 6. North America Educational Robot Market, By Country
Figure 7. North America PEST Analysis
Figure 8. Educational robot market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Educational Robot Market Impact Analysis of Drivers and Restraints
Figure 11. North America Educational Robot Market, Forecast And Analysis (US$ Mn)
Figure 12. North America Educational Robot Market Breakdown, By Type, 2020 & 2028 (%)
Figure 13. North America Humanoid Educational Robot Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. North America Non-Humanoid Educational Robot Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. North America Educational Robot Market Breakdown, By Application, 2020 & 2028 (%)
Figure 16. North America Primary Education Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. North America Secondary Education Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. North America Higher Education Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. North America Educational Robot Market Revenue by Country to 2028 (US$ Mn)
Figure 21. North America Educational Robot Market Breakdown, By Country, 2020 & 2028(%)
Figure 22. US Educational Robot Market Revenue And Forecast to 2028 (US$ Mn)
Figure 23. Canada Educational Robot Market Revenue And Forecast to 2028 (US$ Mn)
Figure 24. Mexico Educational Robot Market Revenue And Forecast to 2028 (US$ Mn)
Figure 25. Impact of COVID-19 Pandemic in North American Country Markets
- Lego System A/S
- Life & Science, Inc
- Modular Robotics
- Probotics America
- Robotis Co., Ltd.
- Sanbot Innovation Technology., Ltd
- SoftBank Robotics Group Corp.
- To understand the North America educational robot market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America educational robot market
- Efficiently plan M&A and partnership deals in North America educational robot market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America educational robot market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.