The educational robot market in Europe is expected to grow from US$ 248.12 million in 2021 to US$ 927.73 million by 2028; it is estimated to register a CAGR of 20.7% from 2021 to 2028.
Various educational institutes are focusing on improving the teaching methodologies in science, technology, engineering, and mathematics (STEM) disciplines with the help of educational robots.Educational robots have high computing power and help deliver STEM concepts crucial to modern education.
The DIY kits are a boon to the education sector.It enables to design and program, as well as enhance the problem-solving skills among STEM students.
Various government initiatives and programs are encouraging schools and universities to adopt robot-based learning. Thus, the growing focus toward STEM education further drives the demand for educational robots in Europe.
Europe with the presence of countries such as Germany, the UK, France, Italy, Norway, and Sweden, where education spending is quite higher than other regions, coupled with high investments in robotic startups is one of the key regions for the educational robot market.Furthermore, the high adoption of advanced technology solutions in various industries makes this region an ideal market for educational robots.
Presently, Russia, the UK, Spain, Italy, Germany, Turkey, and France are among the major countries that are affected severely due to COVID-19 outbreak.In order to contain the outbreak, the governments in various European countries have imposed lockdowns/movement restrictions and closed the educational institutions.
This is expected to negatively impact the demand for educational robots from these institutions.
The higher education segment led the educational robot market, based on application, in 2020.The major adopters of educational robots are universities and colleges.
Various humanoids and non-humanoids are developed with a specific discipline of education.Vendors are highly focused on the higher education segment to expand their market share.
Governments are also taking various initiatives to increase awareness of the benefits associated with educational robots.Humanoids are the most attracted robot type in the higher education segment.
Working with robots, students can better understand engineering and programming concepts. Génération Robots, for instance, offers a wide range of quality robots for higher educational purposes, which ultimately drives the educational robot market.
The overall Europe educational robot market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the Europe educational robot market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe educational robot market. Aisoy Robotics; Lego System A/S; PAL Robotics; Sanbot Innovation Technology., Ltd; and SoftBank Robotics Group Corp. are among the few players operating in the Europe educational robot market.
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