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K-12 Robotic Toolkits Market to grow by USD 906.1 million from 2024-2028, driven by product premiumization and AI-driven technological advances- Technavio

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NEW YORK, Sept. 5, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global K-12 robotic toolkits market size is estimated to grow by USD 906.1 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 25.72% during the forecast period. Product premiumization due to technological advances is driving market growth, with a trend towards growing demand for international schools. However, high cost of advanced robotic toolkits poses a challenge.Key market players include Amtek Co. Inc., ArcBotics LLC, Boxlight Corp, Digital Dream Labs, Eduscape, EZRobot Inc., India First Robotics Innovation and Research LLP, Innovation First International Inc., LEGO System AS, Makeblock Co. Ltd., Modular Robotics Inc., Ozo EDU 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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K-12 Robotic Toolkits Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 25.72%

Market growth 2024-2028

USD 906.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, Germany, China, South Korea, and Japan

Key companies profiled

Amtek Co. Inc., ArcBotics LLC, Boxlight Corp, Digital Dream Labs, Eduscape, EZRobot Inc., India First Robotics Innovation and Research LLP, Innovation First International Inc., LEGO System AS, Makeblock Co. Ltd., Modular Robotics Inc., Ozo EDU Inc., Pitsco Inc, Robolink Inc., ROBOTIS Co. Ltd, RobotLAB Inc, Sony Group Corp., Sphero Inc., Valiant Technology Ltd., and Wonder Workshop Inc.

Market Driver

The international schools sector is experiencing significant growth in both developing and developed countries. For instance, the US had over 130,930 K-12 schools as of 2020, with 26,727 high schools and 87,498 elementary schools. Similarly, Canada had over 100 international schools with nearly 533,370 students. The increasing income levels in these countries and the growing population of expats in developing nations like India are driving this trend. These schools offer advanced infrastructure and amenities, including K-12 robotic toolkits, which focus on children’s overall development. Consequently, the expanding network of international schools worldwide will fuel the growth of the global K-12 robotic toolkits market. 

The K-12 robotic toolkits market is thriving in the digital age, driven by the trend towards STEM education. These toolkits help students learn robotics, programming, mathematics, physics, computer science, and engineering. Companies offer modular components, sensors, motors, and programming interfaces for designing processes. Pre-K to elementary schools use age-appropriate challenges, while degree programs and STEM professions require more complex tools. Drones and cartography add coordinate mapping to the curriculum. Political factors and social scenarios impact product pricing. Industry leaders prioritize strengths and success factors, including intuitive interfaces, online resources, and strategic approaches. Future workforce needs drive demand for hands-on activities, online communities, and teacher training. System integrators and intermediaries facilitate sales. The Ace matrix helps evaluate strengths and weaknesses. Technology-driven industries, educational institutions, and online resources shape the landscape. Priorities and strategies include project-based and inquiry-based learning, classroom engagement, and teacher training. 

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Market Challenges

K-12 robotic toolkits have gained popularity in educational institutions, but their high cost remains a significant barrier to wider adoption, particularly in developing countries and among lower-income groups. The price range for these toolkits starts at USD130 and extends up to USD10,000, with advanced and multi-featured models typically priced between USD5,000 and USD10,000. Institutions, such as schools and colleges, offer these toolkits to students for a fee, which includes profit margins and taxes. The fragile nature of these devices necessitates careful handling to prevent irreparable damage, adding to the overall cost. The justification for premium pricing due to advanced technology further hinders the growth of the K-12 robotic toolkits market, making these products inaccessible to the middle class in developing countries.The K-12 Robotic Toolkits market is growing rapidly as educational institutions embrace technology to prepare students for the digital age. These toolkits offer modular components, sensors, and motors for building robots, along with programming interfaces that teach mathematics, physics, computer science, engineering, and technology concepts. Future workforce needs in technology-driven industries are driving demand for these tools in schools. Challenges include the need for intuitive interfaces, age-appropriate challenges, online resources, and teacher training. Success factors include educational software, online communities, forums, and industry partnerships. Strategic approaches include project-based and inquiry-based learning, hands-on activities, and classroom engagement. System integrators and intermediaries play a crucial role in implementing these solutions. Strengths include career pathways and workforce development. Priorities and strategies should focus on educational curriculum alignment and teacher training.

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Segment Overview 

This k-12 robotic toolkits market report extensively covers market segmentation by

Type 1.1 Science1.2 Technology1.3 Engineering1.4 Mathematics1.5 OthersSchool Level2.1 High school2.2 Middle school2.3 PreK-elementary schoolGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Science- The K-12 robotic toolkits market is experiencing significant growth due to increasing demand for STEM education. These toolkits provide students with hands-on experience in robotics, fostering essential skills such as problem-solving and critical thinking. Major players in the market include LEGO Education, MakeBlock, and Sphero. They offer various product lines catering to different age groups and skill levels. Schools and educational institutions are investing in these toolkits to enhance their curriculum and prepare students for future careers in technology.

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Research Analysis

K-12 robotic toolkits are educational resources designed to introduce students to robotics and related STEM professions. These toolkits often include drones for cartography and mapping, as well as robots for designing processes and building projects. Product pricing varies, but they offer competitive positions in the market with an Ace matrix of modular components, sensors, motors, and programming interfaces. The future workforce will benefit from a strong foundation in mathematics, physics, computer science, engineering, and technology-driven industries. Educational software with intuitive interfaces and age-appropriate challenges enhances learning. Online communities provide a platform for collaboration and problem-solving. In the digital age, system integrators and educational curriculum focus on project-based learning and hands-on activities.

Market Research Overview

The K-12 robotic toolkits market is a growing segment of STEM education, providing students with hands-on experiences in robotics and related fields. These toolkits often include modular components such as sensors, motors, and programming interfaces, enabling students to design and build robots. The use of robotic toolkits in K-12 education aligns with the increasing importance of STEM professions and degree programs in technology-driven industries. Drones and coordinate mapping are increasingly being integrated into robotic toolkits, providing students with opportunities to explore cartography and physics. The digital age has led to the availability of educational software, online resources, and intuitive interfaces, making robotic toolkits accessible to a wider range of students, including those in PreK-elementary schools. Political factors and social scenarios play a role in the adoption of robotic toolkits in educational institutions. Product pricing and company industry strategies are also important considerations. The strengths and weaknesses of different toolkits and success factors include age-appropriate challenges, teacher training, and industry partnerships. The future workforce will require a strong foundation in mathematics, physics, computer science, and engineering. Robotic toolkits provide students with the skills and knowledge necessary to excel in these areas and pursue careers in robotics and related fields. Online communities, forums, and system integrators serve as valuable resources for students and teachers. Strategic approaches to implementing robotic toolkits in educational curriculum include project-based learning and inquiry-based learning. Hands-on activities and classroom engagement are key components of effective implementation. Career pathways and workforce development are also priorities for educational institutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeScienceTechnologyEngineeringMathematicsOthersSchool LevelHigh SchoolMiddle SchoolPreK-elementary SchoolGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SINEXCEL and FastCharge.me Forge Partnership for EV Charging Solutions

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ANAHEIM, Calif., Sept. 14, 2024 /PRNewswire/ — SINEXCEL, a well-established global supplier of energy storage and EV charging solutions, has signed a strategic partnership with FastCharge.me Inc. (“FCME”) at RE+ 2024. This collaboration aims to expand the deployment of innovative EV charging solutions to the growing EV market in America.

Under the agreement, SINEXCEL will supply a range of EV charging products and solutions to FCME upon request, enhancing FCME’s charging infrastructure and expanding its network across America.

“We chose to partner with SINEXCEL for their EV charging solutions because of their strong, nearly 20-year, foundation in power electronics and their deep expertise in the EV charging and Energy Storage sectors,” said Moshe Becker, CEO and Co-Founder of FCME. “We have full confidence in their robust and enduring technologies, capabilities and capacities in the global EV charging market. We are excited about the high performance and reliability of charging experiences these charging solutions will offer to our customers, and we look forward to introducing more innovative solutions through this collaboration.”

Derek Leng, General Manager of SINEXCEL North America, added, “We are thrilled to partner with FCME and all the related parties. FCME has a very in-depth market understanding and insights, strong technical capabilities and visionary foresight. This collaboration aligns perfectly with our goals and visions of bringing exceptional EV charging solutions and customer experiences to the North American EV charging market.”

This partnership marks a significant step forward in the mission to advance EV infrastructure, ensuring that SINEXCEL and FCME are at the forefront of delivering superior charging solutions that meet the evolving needs of American customers and end-users.

Since 2007, SINEXCEL has been dedicated to power electronics, Energy Storage and EV charging solutions. Expanding its reach to over 60 countries, SINEXCEL invests over 10% of its revenue into R&D, driving innovation and the development of reliable, high-quality products and solutions. As a trusted partner of global EV charging market leaders like Shell and BP, SINEXCEL is set to make a significant impact in the U.S. market through its collaboration with FCME and other business partners, paving the way for a more sustainable and greener future.

Contact:
FastCharge.me
Stephanie McGreevy, COO
stephanie@fastcharge.me

SINEXCEL 
Melody Yu, Marketing Manager
hongxia_yu@sinexcel.com 

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SOURCE SINEXCEL

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2024 China-MENA Intelligent Transportation Development and Cooperation Conference (Dubai) Will Be Held Soon

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DUBAI, UAE, Sept. 14, 2024 /PRNewswire/ — The year 2024 marks the 40th anniversary of the establishment of diplomatic relations between China and Arab states. It is an important node for China-Arab relations to continue with the past and open up the future. In order to continuously strengthen the alignment of the development strategies of the transportation industry between China and the MENA region, and promote innovative cooperation in science, technology, finance and industries in the field of intelligent transportation, China Intelligent Transportation Association (ITS China), as the only national level social organization representing Chinas intelligent transportation industry and facing the world, will organize and hold the 2024 China-MENA Intelligent Transportation Development and Cooperation Conference (hereinafter referred to as the “Conference”) in Dubai on 18th September 2024.

With the theme of “Sharing and Matchmaking”, the Conference will set up sessions such as keynote speeches, cooperation and exchanges, matchmaking negotiations and technical product display around the three major building blocks including urban intelligent transportation construction, intelligent networked new energy vehicles, smart logistics and public travel, so as to provide participants with market development consultation and resource matchmaking services and the opportunities for in-depth exchanges and matchmaking with relevant institutions in the MENA region, and promote practical project cooperation and implementation.

The Conference has received strong support from relevant departments of China, United Arab Emirates, Oman, Saudi Arabia, Iran and other countries. More than 1,000 representatives from enterprises and institutions such as Shenzhen Urban Transport Planning Center Co., Ltd. ( SUTPC) , Sunland Technology Co. Ltd., CATARC, Zhong’anlianke Technology and Beijing ICE TECH will be invited to actively participate in the Conference.

As the only nationwide non-profit social organization specializing in intelligent transportation in China, ITS China is committed to establishing communication channels in the field of intelligent transportation at home and abroad, and promoting the exchange of technologies and industries in the field of intelligent transportation. The 2024 China-MENA Intelligent Transportation Development and Cooperation Conference will certainly build a professional platform for dialogue and cooperation among relevant institutions in the transportation industry of China and MENA. The Conference will become an annual grand event for precise matchmaking of scientific and technological innovation needs and sharing of successful experiences. We will share the scientific and technological innovation achievements of intelligent transportation with relevant institutions of the countries along Belt and Road Initiative (BRI) routes to jointly promote the rapid development of intelligent transportation and create a better future for transportation!

View original content:https://www.prnewswire.co.uk/news-releases/2024-china-mena-intelligent-transportation-development-and-cooperation-conference-dubai-will-be-held-soon-302248350.html

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Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).

The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.

The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.

To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.

SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.

The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.

Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.

The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.

The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:

“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”

He added:

“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 

The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.

Media@GlobalAISummit.org

Photo – https://mma.prnewswire.com/media/2505796/SDAIA.jpg

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SOURCE The Saudi Data & Artificial Intelligence Authority (SDAIA)

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