Report ID: SQMIG45I2191
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.
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Report ID: SQMIG45I2191