Search and rescue robots market is anticipated to grow at a CAGR of 21.1% during the forecast period. One of the core factors that is fueling the market is the growing advanced technologies. The integration of technologies such as artificial intelligence (AI), machine learning, sensors, actuators, and more has intensified the applications of robots in the past few years. The addition of AI in robotics makes it easier to actuate the process of searching for victims and sources of threat. In the near term, these robots can patrol the water or air autonomously without any human support. In the upcoming year, with such demand, robots and drones for search and rescue could be smaller, smarter, cost-effective, and more versatile with better tech and large production.
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Impact of COVID-19 Pandemic on Global Search and Rescue Robots Market
COVID-19 pandemic restricted the workflow of production, supply chain, transportation, and others which had impacted the market growth of search and rescue robots, just like many other markets. Key market players such as Thales also faced a decline in the demand for the product by 7.7% in 2020 as compared to the sales in 2019. However, the situation also invited the idea of using robots more often in dangerous conditions. Multiple countries used robots for delivering medicines, and essential goods to the people during the lockdown, which has also increased the demand for robots in search and rescue missions exponentially as the situation got normal.
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By Type (Land, Marine, and Aerial),
By Operation Type (Autonomous and Remotely Operated),
By End-User (Defense and Homeland Security),
Market Players Outlook
The major companies serving the global search and rescue robots market include Elbit Systems Ltd., Kongsberg Gruppen ASA, Lockheed Martin Corp., Northrop Grumman Systems Corp., and Thales S.A. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in 2019, The University of Manchester with partners from 4 European countries worked on a project to advance detection under debris afterwards a disaster in which they advanced chemical sensors that can be mounted over worm robots that can enter via any small crack in debris, and send a signal to liberator if any live person is sensed.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global search and rescue robots market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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