Global Search and Rescue Robots Market

Search and Rescue Robots Market Size, Share, Growth Analysis, By Platform (Ground, Marine and Aerial), By Operation(Autonomous and Remotely Operated), By End User(Defense and Homeland Security), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2191 | Region: Global | Published Date: April, 2024
Pages: 196 | Tables: 85 | Figures: 75

Search and Rescue Robots Market Insights

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.

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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).

The competitive environment of the 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 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. 'Elbit Systems Ltd. ', 'Textron Systems Corporation ', 'DEEPRobotics Technology Co., Ltd. ', 'Pliant Energy Systems ', 'Leotronics LLC ', 'VideoRay LLC', 'Hydronalix', 'Shark Robotics ', 'Ripper Corp. ', 'Boston Dynamics', 'Hydronalix', 'Kongsberg Maritime', 'Lockheed Martin Corporation', 'FLIR Systems Inc.', 'Howe & Howe Technologies Inc.', 'Northrop Grumman Corporation', 'Pliant Energy Systems LLC', 'Saab AB', 'Thales Group'

Robots are important in a life-threatening environment because they can work for long hours without rest, can easily reach difficult areas for human rescuers, and always work in areas suitable for humans. Robots will be used to gather information before starting salvage by surveying the environment. Rescue teams can identify victims and focus their efforts in certain areas.

Increasing Investments by Governments: Increasing investments by governments are helping to boost the search and rescue robots' market. The use of search and rescue robots in areas prone to natural disasters and disasters contributes to the efficiency of disaster management and rescue teams. The increasing effectiveness of search-and-rescue robots in initiating rescue operations by gathering location and conditions, analyzing the location of victims, and others has provided fire brigades, law enforcement and military personnel, among others have been widely accepted.

Asia Pacific dominated the 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.

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Global Search and Rescue Robots Market

Report ID: SQMIG45I2191

$5,300
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