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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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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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