[April 21, 2018] |
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Global Educational Robots Market - Entry of Global Industry Players to Boost Growth | Technavio
Technavio's latest market research report on the global
educational robots market provides an analysis of the
most important trends expected to impact the market outlook from
2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180421005048/en/
Technavio has published a new market research report on the global educational robots market from 2018-2022. (Graphic: Business Wire)
According to Technavio market research analysts, the global educational
robots market will grow at a CAGR of over 21% during the forecast
period. The emergence of startups in the global educational robot market
is a major factor driving the market's growth.
Robots that can teach programming and coding are gaining traction among
students, educators, and parents worldwide with growing acceptance of
automation at workplaces. With the increased popularity of educational
robots, the global educational robots market is witnessing the emergence
of new startups with huge funding. In the last five years, companies
such as Wonder Workshop, Modular Robotics, and Makeblock raised huge
amount from investors such as CRV, Google (News - Alert) Ventures, and Madrona Venture
Group. This will provide huge growth momentum and drive market growth
over the forecast period.
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In this report, Technavio highlights the entry of global robot industry
players as one of the key emerging trends in the global educational
robots market:
Entry of global robot industry players
Efforts are being made to prepare the workforce for the future, where
industries will use robotics solutions for several tasks. Thus, it is
imperative for vendors to ensure that workers are familiar with this
advanced technology. Vendors are also concerned about the decline in the
workforce with the required qualification to operate robotics solutions
in end-user facilities and the shortage of technicians to undertake R&D
for future robots. To overcome this challenge, renowned global robotics
industry players are expected to come up with sophisticated educational
robots during the forecast period, which will drive the global
educational robots market.
According to a senior analyst at Technavio for robotics
research, "The market has already witnessed the entry of industrial
robot vendors such as ABB, FANUC, Yaskawa; and service robots industry
vendors such as iRobot. These companies are offering mobile robot
platforms, software packages, and training programs to facilitate an
understanding of robotics and programming."
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Global educational robots market segmentation
This market research report segments the global
educational robots market by product (pre-configured and
reconfigurable) and key regions (the Americas, APAC, and EMEA).
The Americas led the global educational robots market in 2017 and is
expected to remain dominant during the forecast period. However, APAC is
expected to witness the highest growth during the forecast period due to
initiatives to promote technology-driven educational curriculum.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180421005048/en/
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