The primary objective of robotic toys is to provide an experience that facilitates the student’s skill, attitude and knowledge development. Robotic toys may include mobile and jointed robots. Companies are developing robotic toys that provide interactive, fun and practical learning experience. The suppliers also provide a browser-based learning-with-fun ecosystem that can be accessed by students and teachers via any internet-enabled device. Robotic toys and the integrated software and additional hardware solutions are user-friendly, and users having negligible programming technology experience can access the robotic toys’ features.
There are three primary roles identified for robotic toys. As educational subjects, robotic toys help students learn using programmed objects and basic integrated actions. Secondly, robotic toys act as learning support tools. Robotic toys serve as a bridge between acquisition and application of attributes, skills and knowledge by implementing realistic educational simulations. Tele-presence feature in advanced robotic toys enable virtual classroom creation for students.
Robotic Toys Market: Drivers and Challenges
There are various factors driving the demand for robotic toys. Fully functional robotic toys gain precise information about the surrounding environment and function accordingly, without any other governing force. This factor will drive the growth of the global robotic toys market during the forecast period. These robotic toys possess the capability to educate a group of students as well as an individual student for an extended time period. Manufacturers offer sensor-integrated robotic toys that are capable of moving in their operational environment by avoiding collisions with people or property, without any human intervention. Such features integrated into robotic toys are expected to drive the growth of the global robotic toys market. Technologically enhanced versions of robotic toys have a number of embedded environment-sensing devices that increase their operational efficiency and make them less susceptible to self-damage. Thus, factors such as autonomous navigation, area sensing capabilities and self-maintenance are expected to boost the growth of the global robotic toys market during the forecast period.
Small- and medium-sized educational institutions and low-income households cannot afford to invest in robotic toys due to high initial cost and heavy maintenance expenditure. The lack of public awareness about the robotic toys technology challenges the growth of the global robotic toys market.
Robotic Toys Market: Segmentation
On the basis of functional ability, the global robotic toys market can be segmented into:
Currently, robotic toys manufacturers are focusing on addition of functional abilities and continuous up-gradation of the robotic toys technology.
On the basis of educational level, the global robotic toys market can be segmented into:
On the basis of educational role, the global robotic toys market can be segmented into:
Robotic Toys Market: Regional Outlook
Among all the regions, North America is expected to hold a large share in the global robotic toys market and is expected to maintain a steady growth rate during the forecast period. The growth of robotic toys market in North America is attributed to the advancements in science and trending technology related intellectual in children. Increasing adoption of robotic toys in educational institutes is projected to propel growth of the robotic toys market to greater heights in North America. Japan and China markets are also dominant participants in the global robotic toys market.
The robotic toys markets in Southeast Asia and others of Asia Pacific, and Western Europe are estimated to record the high growth rate during the forecast period owing to the rising adoption of classroom automation equipment in the regions.
Robotic Toys Market: Key Players
Examples of some of the major players operating in the global robotic toys market include MRT International Limited; Modular Robotics Incorporated; The LEGO Group (LEGO education); Robotical Ltd.; RoboThink; fischertechnik GmbH; Robots in Schools Ltd. (EDBOT); rero; Parallax Inc.; ArcBiotics; Dexter Industries; and RAWrobotics, among others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.