DUBLIN–(BUSINESS WIRE)–The “Asia Pacific 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.
This market is expected to reach US$ 1,109.30 million by 2028 from US$ 276.65 million in 2021. The market is estimated to grow at a CAGR of 21.9% from 2021 to 2028. The report provides trends prevailing in the APAC educational robot market along with the drivers and restraints pertaining to the market growth.
Increasing demand for robots for learning language is the major factor driving the growth of the APAC educational robot market. However, high capital required for research & development of robots hinder the growth of APAC educational robot market.
Asia Pacific (APAC) is a highly dynamic region in terms of economic growth as well as positive education industry outlook. The region is also characterized by the presence of many developing countries such as China, India, and many South Asian countries where investments in education sector as well as in startups is quite high.
The rising level of urbanization, high population growth, and technology adoption in education sector are some of the key driving factors which makes APAC an attractive market for the future growth of educational robotics market. APAC is home to around 60% of world population that includes the two most populous countries of the world, China and India.
In addition to the huge population, the region also has presence of huge young and tech savvy school and college going population. All these factors are complementing the demand of various types of technological solutions in the region.
The market for educational robot market is segmented into type, application, and country. Based on type, the educational robot market is segmented into humanoid and non-humanoid. In 2020, the non-humanoid segment held the largest share APAC educational robot market. 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 APAC educational robot market. Based on country the educational robot market is segmented into Australia, China, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Rest of APAC.
Key Market Drivers
- Increasing Focus Towards STEM Education
- Use of Robots for Autism
Key Market Restraints
- High Capital Required for Research & Development of Robots
Key Market Opportunities
- Increasing Demand for Robots for Learning Language
- Integration of Artificial Intelligence
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. APAC Educational Robot Market Landscape
5. APAC Educational Robot Market – Key Market Dynamics
6. Educational Robot Market – APAC Market Analysis
7. APAC Educational Robot Market – By Type
8. APAC Educational Robot Market – By Application
9. APAC Educational Robot Market – Country Analysis
10. APAC Educational Robot Market – COVID-19 Impact Analysis
11. APAC Educational Robot Market – Industry Landscape
12. Company Profiles
- Hanson Robotics Limited
- Lego System A/S
- Life & Science, Inc
- Robotis Co., Ltd.
- Sanbot Innovation Technology., Ltd
- SoftBank Robotics Group Corp.
For more information about this report visit https://www.researchandmarkets.com/r/ep6c7i
The content is by Business Wire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.