Global Reconfigurable Educational Robots Market to Reach $117 Million by 2027
Amid the COVID-19 crisis, the global market for Reconfigurable Educational Robots estimated at US$31 Million in the year 2020, is projected to reach a revised size of US$117 Million by 2027, growing at aCAGR of 20.9% over the period 2020-2027. K12 & Higher Education, one of the segments analyzed in the report, is projected to record 22% CAGR and reach US$91 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Elementary Education segment is readjusted to a revised 17.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.2 Million, While China is Forecast to Grow at 20.4% CAGR
The Reconfigurable Educational Robots market in the U.S. is estimated at US$9.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.4 Million by the year 2027 trailing a CAGR of 20.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.8% and 17.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR.We bring years of research experience to this 8th edition of our report. The 112-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Cytron Technologies Sdn. Bhd
- Lego Group
- Makeblock Co., Ltd.
- Modular Robotics
- Wonder Workshop, Inc.