LONDON--(BUSINESS WIRE)--#Research--The global reconfigurable educational robots market is expected to grow at a CAGR of more than 24% from 2018-2022, according to a new market research report by Technavio.
Global reconfigurable educational robots market segmentation by application and geography
Technavio’s report on the global reconfigurable educational robots market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including K-12 and higher education and elementary education. The global reconfigurable educational robots market was dominated by solutions in K-12 and higher education application segment in 2017, which occupied a share of more than 64%. This segment is anticipated to remain dominant during the forecast period.
Based on geography, the global reconfigurable educational robots market has been segmented into APAC, EMEA, and the Americas. The Americas lead the reconfigurable educational robots market in 2017 by occupying a share of close to 47% and is anticipated to remain dominant during the forecast period. However, during the forecast period, APAC is expected to witness the highest growth followed by EMEA and the Americas.
“With the need to boost the STEM education in the K12 and elementary education, respective governments are expected to invest in encouraging the adoption of robots in the education system. With the recognition of the US and Europe as study destinations for higher education, the implementation of reconfigurable robots in universities will provide new opportunities to the industry players,” says a senior analyst at Technavio for robotics research.
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Some of the companies covered in the report:
- Cytron Technologies
- Modular Robotics
- Wonder Workshop
The global education robots is the parent market of the global reconfigurable educational robots market. The global reconfigurable educational robots market contributes to more than 38% of the market share of the parent market. The global reconfigurable educational robots market is expected to witness an incremental growth of about USD 41 million during the forecast period.
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Other topics covered in the report:
- Low cost of reconfigurable educational robots
- Increase in STEM employment and wages
- Emergence of humanoid robots in education
- Lack of awareness in developing countries
- Mobile applications support in robotic kits
- Preprogrammed robotic kits
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