In a recent published report, Kenneth Research has updated the APAC Educational Robotics Market report for for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2024, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2024. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2024. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2024. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2024 till March 2024 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for APAC Educational Robotics Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
GMD predicts the Asia-Pacific educational robotics market to grow by 24.36% annually in terms of revenue during 2018-2025 driven by a growing adoption of smart education tools and robots in various school levels across the Asia-Pacific region.
Highlighted with 19 tables and 31 figures, this 94-page report “APAC Educational Robotics Market by Component, Product, Vertical and Country 2014-2025: Segment Analysis, Trend Forecast and Business Strategy” is based on a comprehensive research of educational robot market in APAC by analyzing the entire regional market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014-2016, revenue estimates for 2017, and forecasts from 2018 till 2025.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of APAC market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify APAC educational robotics market in every aspect of the classification from perspectives of component, product, application vertical and country.
Based on component, the APAC market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
• Hardware
• Software
• Services
Based on product type, the APAC market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
• Wheeled Robotics
• Reconfigurable Robotics
• Humanoid Robotics
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On basis of application vertical, the APAC market is analyzed on the following segments with annual revenue in 2014-2025 provided for each segment.
• K-12 Schools
• Colleges and Institutes
• Other Domains
Geographically, the following national markets are fully investigated:
• Japan
• China
• Australia
• India
• South Korea
• Rest of APAC
For each of the aforementioned countries, detailed analysis and data for annual revenue are available for 2014-2025. The breakdown of key national markets by product type and application vertical over the forecast years is also included.
The report also covers current competitive scenario and the predicted manufacture trend; and profiles educational robot vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in APAC educational robotics market and industry are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
Cytron Technologies
Evollve, Inc.
Fischertechnik GmbH
Innovation First International
Lego System A/S
Makeblock Co. Ltd.
Modular Robotics Incorporated
Parallax, Inc.
Pitsco, Inc.
Wonder Workshop
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