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Overview of the global reconfigurable educational robots market
According to Technavio’s market research analysis, the low cost of reconfigurable educational robots will be one of the major factors that will have a positive impact on the global reconfigurable educational robots market during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 24% by 2022. The rising popularity of reconfigurable educational robots is mainly due to low cost of associated components used in robots such as sensors, actuators, and motors. This helps the vendors to manufacture low-cost robotic solutions, which in turn, drives the growth of the reconfigurable educational robots market.
The introduction of preprogrammed robotics is one of the key trends that will contribute to the market’s growth in the forthcoming years. Preprogramming reconfigurable kits is gaining wide popularity in the market, specifically in the elementary education base. For instance, MOSS, a preprogrammed reconfigurable robot by Modular Robotics allows the building of a semi-intelligent robotic solution that can be made without any support from the computer, building bots, or programming. The robot kit consists of a set which is linked to metal ball bearing and magnets.
Companies covered
The reconfigurable educational robots market is characterized by numerous vendors. The market report includes detailed information about the companies and their products. Morever, the report also presents an analysis of the strategies the players follow and the areas they currently focus on to sustain the competition.
Some of the companies covered in this report are –
- Cytron Technologies
- LEGO
- Makeblock
- Modular Robotics
- ROBOTICS
- Wonder Workshop
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Segmentation by end-user and analysis of the reconfigurable educational robots market
- K-12 and higher education
- Elementary education
The K-12 and higher education end-user segment accounted for the maximum share of the reconfigurable educational robots market during 2017. This segment will also continue to lead the market during the forecast period.
Geographical segmentation and analysis of the reconfigurable educational robots market
In terms of geographical regions, Americas will be the major revenue contributor of the reconfigurable educational robots market throughout the forecast period. The increased recognition of the US and Europe as study destinations for higher education and increased investments in encouraging the utilization of robots in the education system in the region will drive the market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global reconfigurable educational robots market?
- What are the key market trends impacting the growth of the global reconfigurable educational robots market?
- What are the challenges to market growth?
- Who are the key vendors in the global reconfigurable educational robots market?
- What are the market opportunities and threats faced by the vendors in the global reconfigurable educational robots market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global reconfigurable educational robots market?
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Comparison by application
- K12 and higher education – Market size and forecast 2017-2022
- Elementary education – Market size and forecast 2017-2022
- Market opportunity by application
PART 08: MARKET SEGMENTATION BY PRICING
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Americas – Market size and forecast 2017-2022
- APAC – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- Market opportunity
- DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Mobile applications support in robotic kits
- Preprogrammed robotic kits
- Entrance of new players with public-private partnerships, ventures, and crowdfunding
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Cytron Technologies
- LEGO
- Makeblock
- Modular Robotics
- ROBOTIS
- Wonder Workshop
PART 15: APPENDIX
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape