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The K-12 Robotic Toolkits Market size is estimated to grow at a CAGR of 19.02% between 2022 and 2027 and the size of the market is forecast to increase by USD 496.9 million. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by type (science, technology, engineering, mathematics, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). This report also includes an in-depth analysis of drivers, trends, and challenges.
Product premiumization due to technological advances is driving market growth. Market competition in the K-12 robotic toolkits market is increasing due to technological advances ad shifting customer preferences. This is due to more R&D in terms of technology, performance, features, and innovative design resulting in products that can execute various tasks with limited materials.
Additionally, increased consumer disposable income has resulted in greater demand for advanced education and learning products and services, boosting the demand for K-12 robotic toolkits. Moreover, vendor investments have also improved the aesthetic appeal and performance of K-12 robotic toolkits. For example, NAO by RobotLAB has 20 pre-installed languages to enhance its interactive speech recognition system. The incorporation of such features results in premium models with greater applications in child skill development, resulting in further market growth during the forecast period.
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Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amtek Co. Inc. - The company offers K 12 robotic toolkits such as Dobot Magician and Dobot Robot Vision toolkits.
The K-12 robotic toolkits market report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The US is the largest market in North America region due to various innovative products, the greater prevalence of digital learning, and the increasing incorporation of education and learning products in the educational sector. However, there is a chance of market saturation due to the presence of multiple vendors rapidly offering new K-12 robotic toolkit models. However, there is an increasing expenditure on education resources in the region including K-12 robotic toolkits with customized features sold by vendors like RobotLAB Inc. They are included under the premium category resulting in higher prices due to enhanced durability, and attractive design to appeal to affluent clients. Additionally, factors like the shift towards STEM education in the US through initiatives like Computer Science for All in 2016 are likely to further regional market growth during the forecast period.
The market share growth by the science segment will be significant during the forecast period. The science segment is estimated to witness significant growth during the forecast period. Experiments and real-world phenomena are conducted in the school or college to give students hands-on learning experiences. K-12 robotic toolkits enhance this by allowing them to design, build, and program robots for drafting solutions, solving problems, and understanding scientific concepts. It ensures student interest due to being more engaging and gives a better understanding of scientific concepts.
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The science segment was the largest segment and was valued at USD 51.97 million in 2017. This segment can also incorporate advanced technology and robotics into education by using K-12 robotic toolkits which helps deliver a more interactive approach to teaching science. Additionally, it helps in understanding the real-world applications and practical skills necessary in the STEM industry and professions. Hence these factors shall boost the growth of this segment of the market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for international schools is a key trend in the market. Countries like China and India as well as developed countries like the US, Canada, and the UK are increasingly demanding international schools. For example, in 2020 Canada had more than 100 international schools with around 533,370 students. Moreover, there are an increasing number of expatriates in India raising the demand for international schools.
Additionally, international schools focus on the holistic development of children and possess advanced infrastructure and amenities. They utilize teaching methods different from conventional education such as K-12 robotic toolkits. Hence the increased demand for international schools globally shall drive the market growth of the global K-12 robotic toolkits market during the forecast period.
The high cost of advanced robotic toolkits is challenging market growth. Although K-12 robotic tools are widely used in schools and colleges, children can also use them at home. However, the high cost of these devices prevents their full adoption, especially among middle and low-income groups. This is further emphasized in developing countries as their price varies between USD 130 and might even go up to USD 10,000. More advanced K-12 robotic toolkits with enhanced features have an average cost ranging between USD 5,000 till USD 10,000.
Moreover, schools, colleges, and other education providers offer robotic toolkits to students at high prices inclusive of profit margins and other taxes. Additionally, due to their delicate structure, improper usage and handling can cause unrepairable damage. Additionally, technological advances also justify the higher prices but prevent their adoption by middle-income families in developing countries. Hence the above factors are likely to result in market growth during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global K-12 Robotic Toolkits Market Customer Landscape
Large-scale vaccination drives by governments resulted in the declining number of COVID-19 cases. This resulted in the gradual easing of lockdown restrictions in various countries in the region and caused the resumption of on-campus school and college levels to pre-pandemic levels. This resulted in increasing demand for K-12 robotic toolkits in the region and helped the market recover, resulting in predicted regional market growth during the forecast period.
The K-12 robotic toolkits market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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K-12 Robotic Toolkits Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.02% |
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Market growth 2023-2027 |
USD 496.9 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
18.27 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key countries |
US, China, South Korea, Japan, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amtek Co. Inc., ArcBotics LLC, Boxlight Corp, Digital Dream Labs, Eduscape, Evollve Inc., EZRobot Inc., India First Robotics Innovation and Research LLP, Innovation First International Inc., LEGO System AS, Makeblock Co. Ltd., Modular Robotics Inc., Pitsco Inc, Robolink Inc., ROBOTIS Co. Ltd, RobotLAB Inc, Sony Group Corp., Sphero Inc., Valiant Technology Ltd., and Wonder Workshop Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by School level
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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