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Global Educational Robots Market 2020-2024 | Evolving Opportunities with BLUE FROG ROBOTICS & BUDDY and fischerwerke GmbH & Co. KG | Technavio

January 31, 2020 GMT
Global Educational Robots Market 2020-2024 | Evolving Opportunities with BLUE FROG ROBOTICS & BUDDY and fischerwerke GmbH & Co. KG | Technavio
Global Educational Robots Market 2020-2024 | Evolving Opportunities with BLUE FROG ROBOTICS & BUDDY and fischerwerke GmbH & Co. KG | Technavio

LONDON--(BUSINESS WIRE)--Jan 31, 2020--

The global educational robots market is poised to grow by 590.82 thousand units during 2020-2024, progressing at a CAGR of over 28% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled global educational robots market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on “Educational Robots Market Analysis Report by Product (Pre-configured educational robots, Reconfigurable educational robots, and Humanoid educational robots), by Geographic segmentation (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024.”

https://www.technavio.com/report/educational-robots-market-industry-analysis

The market is driven by the emergence of startups in global educational robots market. In addition, the decline in the price of educational robots is anticipated to boost the growth of the market.

The popularity of educational robots that can teach programming and coding is increasing, which is driving funds from investors who aid startups. As a result, the number of startups in this sector is gradually increasing. Moreover, crowdfunding platforms such as Kickstarter and Indiegogo provide essential funding to startup companies. These platforms are gaining popularity, especially among robotics industry players in the educational robotics industry. For instance, an artificial intelligence firm, UBTECH Robotics, which develops educational and entertainment robots, raised about USD 820 million in May 2018. Thus, the emergence of startups in global educational robots market is expected to drive market growth during the forecast period.

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Major Five Educational Robots Market Companies:

BLUE FROG ROBOTICS & BUDDY

BLUE FROG ROBOTICS & BUDDY operates the business under the Robots segment. The company provides educational and stem robots.

fischerwerke GmbH & Co. KG

fischerwerke GmbH & Co. KG offers products through the following business units: Playing products business, Teaching products business, and Spare parts business. The company provides STEM robotics, STEM sets, STEM kits, and 3D printer sets.

Innovation First International Inc.

Innovation First International Inc. operates under various business segments, namely VEX Robotics, HEXBUG, and Rack Solutions. The company provides Vex EDR robotics kits, Vex pro parts, Vex IQ robotics kits, and other products.

LEGO System AS

LEGO System AS offers products through the following business segments: Toy business, STEM toys, and Lego Education. The company provides Lego education spike prime, Lego mindstorms EV3, and other products.

Modular Robotics Incorporated

Modular Robotics Incorporated offers products through the Cubelets business segment. The company offers different Cublets kits designed to support an entire class of students working in small groups.

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Educational Robots Market Product Outlook

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Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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KEYWORD:

INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION OTHER EDUCATION OTHER TECHNOLOGY TECHNOLOGY EDUCATION

SOURCE: Technavio Research

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PUB: 01/31/2020 07:00 AM/DISC: 01/31/2020 07:01 AM

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