Latin America Educational Robot Market Size & Outlook
Latin America educational robot market, 2018-2030 (US$M)
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Latin America educational robot market highlights
- The Latin America educational robot market generated a revenue of USD 60.9 million in 2023.
- The market is expected to grow at a CAGR of 25.6% from 2024 to 2030.
- In terms of segment, non-humanoid was the largest revenue generating product in 2023.
- Humanoid is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 60.9 million |
| Market revenue in 2030 | USD 300.1 million |
| Growth rate | 25.6% (CAGR from 2023 to 2030) |
| Largest segment | Non-humanoid |
| Fastest growing segment | Humanoid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Humanoid, Non-Humanoid |
| Key market players worldwide | The LEGO Group, SoftBank Group Corp, New Oriental Education & Technology Group Inc ADR, Sphero, Pal Robotics, Dobot, Aisoy Robotics, Blue Frog Robotics, Modular Robotics, Pitsco Education, Robotis, RM plc, Learning Resources, Educational Insights, Makeblock, Wonder Workshop, VEX Robotics, Thames & Kosmos, WowWee |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global educational robot market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,550.4 million by 2030.
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Educational Robot Market Scope
Educational Robot Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America educational robot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to educational robot market will help companies and investors design strategic landscapes.
Non-humanoid was the largest segment with a revenue share of 57.8% in 2023. Horizon Databook has segmented the Latin America educational robot market based on humanoid, non-humanoid covering the revenue growth of each sub-segment from 2018 to 2030.
The educational robot’s market in the region has been experiencing substantial growth; the region is at the forefront of technological advancement and strongly emphasizes STEM education, which has contributed to the adoption of educational robot in schools and learning institutions.
North America is home to many leading robotics and technology companies developing advanced educational robot. These robots offer interactive and engaging learning experiences, incorporating features such as artificial intelligence, coding capabilities, and sensors.
Governments at the region's federal, state, and local levels have been investing in educational technology, including robots, to enhance the quality of education. Initiatives such as the White House’s Computer Science for All have spurred the integration of robotics and coding in schools.
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Our clientele includes a mix of educational robot market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America educational robot market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America educational robot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America educational robot market size, by country, 2018-2030 (US$M)
Latin America Educational Robot Market Outlook Share, 2023 & 2030 (US$M)
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