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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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Orion Innovation Names Brian Bronson Chief Executive Officer

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Technology Industry Executive and Leader to Drive Next Phase of Company Growth

EDISON, N.J., Nov. 15, 2024 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the appointment of Brian Bronson as Chief Executive Officer, effective immediately. With over 25 years of leadership experience across global technology sectors, Bronson will lead Orion’s next phase of growth and transformation, focusing on expanding the company’s digital capabilities and market presence. Brian succeeds Raj Patil, who will transition to an advisory role with the company and One Equity Partners.

“Brian’s impressive track record of driving profitable growth and leading large-scale organizational transformation makes him the ideal leader for Orion’s next chapter,” said Carlo Padovano, Partner at One Equity Partners and Lead Director of Orion Innovation. “His deep expertise in product engineering, GenAI adoption, and digital transformation perfectly aligns with our vision for Orion’s future.

On behalf of the Orion Board, I’d like to thank Raj for his leadership and dedication in helping develop Orion into a market leader. Raj will transition to an advisory role with the company and One Equity Partners.”

“I’m honored to take on this role and excited about the tremendous opportunities ahead for Orion,” said Bronson. “The company has built an impressive foundation with a blue-chip roster of clients, a global delivery platform, and a talented team with deep domain and engineering expertise. I look forward to working closely with our employees, clients, and partners as we deliver transformative solutions to our clients, drive innovation, and scale our capabilities.”

Before joining Orion, Brian served as EVP of US Telecom, Media, and Entertainment at Capgemini. Additionally, he led the integration and execution of Capgemini’s global engineering services business across the Americas and Asia. This included driving growth in many industries leveraging innovative capabilities tied to 5G, connectivity, and software product engineering. Previously, as President & CEO of Radisys, a leading provider of open telecom solutions, he led the company’s strategic transformation from a hardware company to a provider of cutting-edge software and enabling technologies for the telecom, technology, and medical industries. This transformation culminated in the sale of Radisys to Reliance Industries in 2018, marking a successful exit for the company.

About Orion Innovation

Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale, and maturity, its team of approximately 6,400 associates helps Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in North America, EMEA, India and Latin America, Orion serves clients across Telecom, Media & Technology, Sports & Entertainment, Professional Services, Financial Services, and Healthcare industries. For more information, visit www.orioninc.com

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

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Morrison Securities launches one of Australia’s first plug-and-play global trading to 15 countries with ViewTrade

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SYDNEY, Nov. 15, 2024 /PRNewswire/ — Equities clearing business Morrison Securities (“Morrison”) is launching one of Australia’s first plug-and-play global trading to 15 countries with trading technology provider ViewTrade.

This will mean Morrison’s 38,000+ active clients trading $30 billion annually will only need to go through KYC once and then will be provided unprecedented rapid global trading access.

Morrison will now also offer enhanced global equity and options trading, fixed income, ETFs, seamlessly integrate domestic and global trading, and choice between fully disclosed or omnibus operating models.

ViewTrade has calculated that implementation of solutions like this across all of Australia’s global trading could generate efficiencies of nearly $240 million annually.

A business the size of Morisson launching this solution is a watershed moment for enhancing global opportunities for Australia’s wealth management sector, according to ViewTrade.

Nigel Singh, CEO of ViewTrade International Australia, said: “We are excited to work with Morrison Securities. Together, we are unlocking a world of investment opportunities for Australians. By accessing global markets, firms can offer their clients more diversified portfolios, reducing risk and protecting wealth. This benefits both domestic and international clients. We invite other firms to join us in this partnership and unlock the potential of global market access.”

William Slack, CEO of Morrison Securities, said: “We’ve designed a solution that integrates global market access into our domestic offering for a superior customer experience. With our combined expertise, we’re confident in delivering an efficient, scalable solution tailored to the specific needs of our clients.”

Laksh Gangwani, Chief Revenue Officer – APAC and Middle East at ViewTrade, added: “We are thrilled about the partnership with Morrison Securities as they launch one of Australia’s first plug-and-play global trading solutions to 15 countries. Morrison’s integrated approach to technology, compliance, and operations is enabling investors to complete KYC once, while accessing multiple markets and asset classes with ease. This will ensure Australian investors can build diversified international portfolios with ease.”

ViewTrade (www.viewtrade.com) is a global leader in investment and trading infrastructure solutions that power cross-border investing for financial services firms throughout the world. ViewTrade provides the technology, support, and brokerage services that business innovators need to launch or enhance retail investing experiences. For more than 20 years, ViewTrade has partnered with over 300 clients – from technology startups to large banks, brokers and advisors – to deliver innovative investment solutions and exceptional customer service.

Morrison Securities (https://www.morrisonsecurities.com/) Established in 1985, Morrison Securities is an Australian Broking firm specialising in trading, execution, and clearing services tailored to advisory firms and wholesale clients. They partner with firms to navigate operational challenges and help them realise their full potential. Their comprehensive suite of solutions covers seamless international market access, advanced equities and options trading, capital raising and DVP settlement services, integrated APIs, and stock lending. With a platform-agnostic approach and enterprise-level client service, they prioritise operational excellence and long-term partnerships.

 

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SOURCE ViewTrade

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Australia’s least-favourite chores just got easier with Roborock’s Black Friday & Cyber Monday deals

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SYDNEY, Nov. 15, 2024 /PRNewswire/ — Roborock, the global best-selling robot vacuum brand[i], is thrilled to announce its exclusive deals for Black Friday and Cyber Monday 2024.

Starting from 21 November to 4 December 2024, Roborock is offering significant discounts on a wide range of popular models, with savings of up to $700 – including popular models such as the S8 MaxV Ultra, Qrevo MaxV, Q8 Max+, Qrevo Master, Qrevo S, and Flexi Pro.

In a recent survey conducted across Australia, Roborock found that 27% of Australians would happily skip cleaning their floors forever, with many Aussies also admitting to neglecting high-maintenance tasks such as vacuuming, mopping, and appliance cleaning. With these cleaning challenges in mind, Roborock is offering unbeatable savings on popular models across Black Friday and Cyber Monday, with savings of up to $700.

The deals are available at Robrock Australia’s Official Online Store, Roborock’s Amazon storefront and all authorised retailers.

 Black Friday & Cyber Monday Deals

S8 MaxV Ultra – (SAVE $700) – MSRP $2,999 / Promo: $2,299The S8 MaxV Ultra is the company’s most powerful one-stop cleaning solution, combining the company’s most sophisticated deep cleaning technology with user-friendly features. The model introduces a unique robotic arm and an extra mop that efficiently cleans challenging areas with complete corner cleaning capabilities. Newly launched.Qrevo Master – (SAVE $700) – MSRP $2,699 / Promo: $1,999Newly launched and the most advanced model in the mid-range Qrevo series, the Qrevo Master is built for those who seek top-of-the-line cleaning technology at a mid-range price point. With high-powered suction, deep corner cleaning capabilities, and complete self-maintenance features, it’s designed to tackle the toughest cleaning challenges effortlessly.

Qrevo MaxV – (SAVE $700) – MSRP $2,199 / Promo: $1,499Offers users a complete hands-free floor cleaning experience at the mid-range price point, taking both vacuuming and mopping off your plate while combining powerful cleaning functions, self-maintenance capabilities, and intelligent features such – as pet recognition from flagship models – into one convenient cleaning package.

Qrevo S – (SAVE $400) – MSRP $1,499 / Promo: $1,099Newly launched, the Qrevo S is ideal for those looking for their first robot vacuum that excels at both vacuuming and mopping with self-maintenance features. It blends cleaning performance with a streamlined design for everyday cleaning.

Q8 Max+ – (SAVE $500) – MSRP $1,299 / Promo: $799The Q8 Max+ delivers high-performance cleaning with enhanced navigation and automatic dirt disposal. It’s equipped with powerful suction and a flagship roller brush system making it perfect for homes with mainly hard floors, ensuring a deep and thorough clean.

Flexi Pro – (SAVE $300) – MSRP $999 / Promo: $699 (Available starting 14th November)The Flexi Pro is a versatile handheld vacuum option designed for deep floor cleaning and tight spaces. Capable of handling both wet and dry messes, and the ability to clean itself after every clean-up, the Flexi Pro tackles all types of messes with ease.

According to Roborock’s recent survey, garages are the dirtiest spaces in Australian homes, with 46% of respondents admitting they need more attention. Other problem areas include bathrooms (41%), kitchens (38%), and even kids’ playrooms (32%). Given the demands of busy lives, it’s easy to see why some chores fall through the cracks.

With these exclusive Black Friday and Cyber Monday offers, Roborock makes it easier than ever for Aussies to maintain a clean and comfortable home – without the hassle. Whether it’s tackling neglected garages, high-traffic kitchens, or hard-to-reach corners in the bathroom, Roborock’s innovative products are ready to take on the task.

For more information on Roborock products, please visit https://au.roborock.com  

-ENDS-

Notes to Editors: 

The Roborock survey was conducted by TGM Research and involved 1,028 nationally representative respondents across Australia. The survey aimed to understand the cleaning habits, preferences, and challenges faced by Australians ahead of the launch of Roborock’s Qrevo Master, Qrevo S and H5. 

About Roborock     

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches liveswith its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries.  Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://au.roborock.com/.    

[i] [1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.

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SOURCE Roborock

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