USD 18.35 Billion
Report ID:
SQMIG45I2191 |
Region:
Global |
Published Date: April, 2024
Pages:
196
|Tables:
85
|Figures:
75
Global Search and Rescue Robots Market size was valued at USD 18.35 Billion in 2022 and is poised to grow from USD 21.6 Billion in 2023 to USD 82.64 Billion by 2031, growing at a CAGR of 18.20% in the period (2024-2031).
New trends in robotics, AI, sensors and communication technologies are increasing the capabilities of search and rescue robots, driving market growth. Increase in natural disasters, accidents and emergencies is driving the demand for search and rescue robots across the globe. Compliance with safety regulations and standards affects the manufacture and use of search and rescue robots in various industries. Intense competition between manufacturers and producers leads to innovation and product differentiation in the market. High initial costs pose a challenge to market growth, especially for smaller organizations or companies with limited budgets. Collaboration between government agencies, private sector and research institutes supports innovation and market expansion. Education and awareness campaigns on the benefits and capabilities of search and rescue robots help save the market.
Global Market Size
USD 18.35 Billion
Largest Segment
Autonomous
Fastest Growth
Remotely Operated
Growth Rate
18.20% CAGR
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On the basis of platform type, the search and rescue robots market has been segmented into ground, marine and aerial. On the basis of operation, the market is segmented into autonomous and remotely operated. Based on end user, the market is segmented into defense and homeland security. By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World.
Analysis by Platform
Ground search and rescue robots are designed for the ground and can navigate a variety of terrains including uneven surfaces, stairs and debris that can be used to search and rescue survivors in areas where dangerous such as disaster areas.
Robots in marine segments and offshore search and rescue environments offer many advantages. Search-and-rescue robots equipped with advanced sensors, such as sonar and underwater cameras, can navigate difficult underwater environments to search for underwater objects or areas. These robots can provide real-time data and images to help identify potential threats or missing individuals.
Analysis by Operation
Autonomous held the majority share by 2022 in terms of search and rescue robot market revenue. Search and rescue robots are made to work in dangerous areas where it may be unsafe or impractical for people. The ability of some robots to operate autonomously, providing independence from direct human control in certain situations, could be valuable.
The market growth is expected to increase due to the increasing use of these robots in remote sensing survey and mapping solutions. Demand for remote-controlled rescue and search robots in the military has been a significant rise in demand in the security sector. Furthermore, the growing demand for mobile-controlled robots is expanding the market at a CAGR of 15%. Furthermore, remotely controlled robots are user-friendly which means they are easy to operate.
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Asia Pacific dominated the global search and rescue robots market owing to rapidly developing countries such as Japan and China investing heavily in robotics. The APAC region is prone to natural disasters such as earthquakes, tsunamis, hurricanes and floods. These disasters often cause massive destruction and devastation, increasing the need for search and rescue measures. Search and rescue robots are invaluable in taking dangerous areas, searching for survivors and assisting rescue teams. Rapid urbanization in the APAC region leads to the construction of tall buildings and infrastructure projects in densely populated cities. In case of building collapses or disasters in cities, the demand for robots and rescues are essential tools for entering confined spaces, searching for survivors under debris and conducting search operations.
North America is expected to grow significantly during the forecast period. This growth can be attributed to the increasing use of search and rescue robots by law enforcement, military and fire departments due to sensory feedback robots, real-time video. Investment in research and development activities a government agency in the US. Manufacturing is also increasing application of robots in military surveillance is fueling the market demand for global search and rescue robots' market.
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Drivers
Rising Advances in Search and Rescue Robots
Technological Advances
Restraints
Rising Safety Concerns in the Adoption of Humanoid Robots
Increased Initial Costs
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The competitive environment of the Global Search and Rescue Robots Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Major market players are spending heavily on R&D to enhance their product lines, which will further boost the search and rescue robot market. Market participants are also developing various strategies to increase their global footprint, including major market developments such as new product launches, contractual agreements, mergers and acquisitions, funds an increased investment, and collaboration with other sectors needed to provide cost-effective products to survive.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global search and rescue robots' market is driven by technological advances that enhance the capability and efficiency of robots used in search and rescue operations. These robots offer innovations in robotics, artificial intelligence, sensors and communication technologies are used to navigate difficult terrain, gather vital information, locate people in distress help in search and rescue but the highest initial cost associated with development, manufacture and rescue robots' usage issues restrain the market growth. Cost by implementing pricing mechanisms and financing mechanisms to drive demand and adoption of robots worldwide.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 18.35 Billion |
Market size value in 2031 | USD 82.64 Billion |
Growth Rate | 18.20% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Search and Rescue Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Search and Rescue Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Search and Rescue Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Search and Rescue Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45I2191
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