Educational Robotics Market to Reach $4 Billion by 2028
The need for robotics in education will help drive double-digit
annual growth worldwide through 2028, according to a forecast from Emergen Research.
The research firm estimates that the market for
educational robotics technologies, including software and
professional development, will grow at a compound annual rate of
17.9%, reaching $4.02 billion in global expenditures in 2028.
Among the highlights:
- Humanoid robots will see a compound annual growth rate of 17.4%
during the forecast period;
- The Asia Pacific region accounts for the greatest share of the
market, owing largely to the adoption of artificial intelligence in
educational settings; and
- Drivers for the adoption of robotics in education include
government policies encouraging their adoption; consumer adoption of
smart devices; and the need for AI-based tutors; and increasing need
for more stringent professional development for teachers.
While the full report runs $5,450 for a single user, a free sample
report can be requested on the Emergen Research site.