Educational Robotics to Top $4 Billion by 2028
The need for robotics in education will help drive double-digit
annual growth worldwide through 2028.
According to a
new forecast
from market research firm Emergen Research, 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;
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 at emergenresearch.com/request-sample/934.