Search and Rescue Robots Market Trends

  • Report ID: 3699
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Search and Rescue Robots Market Trends

Growth Drivers

  • Increased Investment in Defence – There is plenty of potential for new applications with a competitive edge in the global search and rescue robots market for military and defense robotics, which may be able to take advantage of modern warfare capabilities. The US government is investing highly in the production and installation of robots in the military. To make military applications more efficient, governments are investing millions of dollars in robotics. The market is growing largely with the installation of robot software in the military.
  • Advancement in Technology – With the advancement in technology rescue robots can be installed and operated in the areas where the environment is unsuitable for humans. Also, these robots can be used for the collection of data to head start the mission for rescuing the victims by locating the trapped people. Therefore, advancement in technology and robotics is accelerating the market growth. 
  • Increasing Use of Robots - The growth of the search and rescue robots market is driven by the increasing use of robots for chemical, biological, radiological, and nuclear CBRN rescue missions and their easy accessibility in a compact and hazardous environment. The majority of people tend to associate factory automation with giant robotic machines, such as those that manufacture the cars' chassis on assembly lines.

Challenges

  • Hardware and Software Malfunctions – Developers face hardships in building these robots since they are still in the advancement and production process.  Thus, hardware and software malfunctions may hamper the rescue and search robotics market growth.
  • Limited Operational Range of Search and Rescue Robots
  • Higher cost in Manufacturing and Installing the Robots

Search and Rescue Robots Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

20.7%

Base Year Market Size (2024)

USD 27.56 billion

Forecast Year Market Size (2037)

USD 318.03 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3699
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of conversational systems is estimated at USD 32.12 billion.

The search and rescue robots market size was over USD 27.56 billion in 2024 and is poised to exceed USD 318.03 billion by 2037, growing at over 20.7% CAGR during the forecast period i.e., between 2025-2037. Increased investment in defense, advancement in technology, and growing use of robots will drive the market growth.

Asia Pacific industry is estimated to hold largest revenue share of 35% by 2037, impelled by rising investment in the development of robotics in the region.

The major players in the market are Elbit Systems Ltd., Thales Group, Kongsberg Gruppen, Forth Engineering Ltd, Northrop Grumman Corporation, Sony Corporation
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