Global Solar Robot Kit Market 2017-2021
About Solar Robot Kit
The report analyses robot kits that are solar-powered and eliminate the need for batteries for operation. They are used for educational purposes as a part of curricula, as well as a toy or hobby kit. Technavio analysts conducted a preliminary study that showed that the demand for such solar robot kits has been proliferating, as they are relatively low-priced compared with battery-powered robot kits, and can be easily operated by students. With the emergence of new paradigms in education, institutions across the world are introducing new educational methodologies in science, technology, engineering and mathematics (STEM) education. Educational institutions are expected to introduce robotics by incorporating more activity-based learning methods in their curricula. Apart from teaching students the elementary concepts of robotics, solar robot kits will also help students imbibe the knowledge about the importance of green energy.
Technavio’s analysts forecast the global solar robot kit market to grow at a CAGR of 32.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar robot kit market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Solar Robot Kit Market 2017-2021
Technavio recognizes the following companies as the key players in the global solar robot kit market: Edu-Science, Elenco Electronics, OWI, Solarbotics, and TEDCO
Other Prominent Vendors in the market are: Embo, Robotics Gate, Seeed Development, and Thames & Kosmos.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Science fairs and events stimulating interest in STEM-related careers in Europe. The STEM skills gap in European countries has widened in comparison to other regions. European countries are focusing on organizing more science fairs, exhibitions, and events, which will encourage students to develop their skills and interest in STEM-related jobs. For instance, a network of science fairs, supported by Intel, is held across Europe, which culminates into a final level event known as the European Union Contest for Young Scientists (EUCYS). These science fairs include The Big Bang Fair in the UK; and Eastern European festivals such as AMAVET Science Fair, and Festival of Science and Technology in Slovakia.”
According to the report, one of the major drivers for this market is Increase in adoption of activity-based learning methods in schools. Within the education market, activity-based learning is gaining traction due to the growing number of educational institutions that are adopting technologically advanced pedagogical methods in their curricula. A substantial part of academic activities focuses on practical assignments and experiments due to a stronger focus on STEM subjects. The forecast period will see an increase in the emphasis on methods that can help institutions combat challenges such as technological barriers and high costs related to performing experiments and practical assignments, which hinder the knowledge-sharing process.
Further, the report states that one of the major factors hindering the growth of this market is Threat from counterfeit products. Counterfeit products emerging in the market and can replace the relatively expensive original products. The key factor that is encouraging the production of such counterfeit products is the low production cost. Manufacturers of these products pack them in a way that is similar to original branded products, tricking retailers and consumers into thinking that they are purchasing authentic products.
Edu-Science, Elenco Electronics, OWI, Solarbotics, TEDCO, Embo, Robotics Gate, Seeed Development, and Thames & Kosmos.
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