Report : 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)
Higher Education Segment to Dominate APAC Educational Robot Market during 2020–2028
According to a new market research study on “APAC Educational Robot Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” 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 ongoing COVID-19 outbreak and closure of schools and other educational institutions in the region has negatively impacted the growth of the educational robot adoption across the region. Moreover, China is the manufacturing hub of educational robots, the closure of all manufacturing activities across the country have significantly impacted the growth of the market.
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
Hanson Robotics Limited; Lego System A/S; Life & Science, Inc; Robotis Co., Ltd.; Sanbot Innovation Technology., Ltd; SoftBank Robotics Group Corp.; are among the leading companies in the APAC educational robot market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2016 Aisoy Robotics announced its joint venture with UMH Researchers to further expand its competencies of their robot-assistant for treating children suffering from autism spectrum disorder (ASD).
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