Search and Rescue Robots Market Trends

  • Report ID: 3699
  • Published Date: Jul 24, 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

2023

Forecast Year

2024-2036

CAGR

20.9%

Base Year Market Size (2023)

USD 22.97 Billion

Forecast Year Market Size (2036)

USD 270.85 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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Author Credits:  Abhishek Verma


  • Report ID: 3699
  • Published Date: Jul 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of search and rescue robots is estimated at USD 27.29 Billion.

The search and rescue robots market size was valued at USD 22.97 Billion in 2023 and is set to cross USD 270.85 Billion by the end of 2036, registering more than 20.9% CAGR during the forecast period i.e., between 2024-2036. Increased investment in defense, advancement in technology, and growing use of robots.

Asia Pacific industry is anticipated to account for majority revenue share of 35% by 2036, impelled by rising investment in the development of robotics in the region.

Elbit Systems Ltd., Thales Group, Kongsberg Gruppen, Forth Engineering Ltd, Northrop Grumman Corporation, Sony Corporation
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