The ‘Global Snake Robot Market Size, Share, Price, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global snake robot market, assessing the market on the basis of its segments like application, industry, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 19.8%
The incredible accuracy, increased productivity and reduced operating cost of snake robots has led to the deployment of these robots in segments like healthcare, automotive, and defence, which is bolstering the growth of the snake robot market. Rapid advancements in technology and increasing usage of robotics is driving the growth of this market.
The increased usage of snake robots, particularly in the healthcare sector is expected to surge this market significantly in the projected period. Snake robots are used in performing critical surgeries and to clear blood clots, thus reducing the patient’s recovery time. Furthermore, snake robots have the ability to perform complex healthcare operations like taking blood from the body without puncturing any veins as well as inserting into an MRI machine.
The locomotory design of these robots assists them to climb and crawl through rough terrains and ridges, surpassing all obstacles and performing tasks seamlessly. Snake robots are being deployed for a number of rescue operations by defence organisations, thus assisting soldiers in dangerous war-like situations and accelerating the growth of the snake robot market. A robust growth is expected in the aviation segment, where snake robots are increasingly being deployed for jet-engine maintenance, as their usage significantly reduces the turn-around-time, owing to their high operation efficiency.
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Snake Robot Industry Definition and Major Segments
Snake robots or snakebots are robots designed like a biological snake, developed for support, inspection, and maintenance purposes. These are available in different shapes and sizes and are known for their high mobility and ability to reach confined spaces. These robots play an integral part in the provision of public as well as military services by facilitating highly accurate reconnaissance.
On the basis of application, the market is classified into:
• Nuclear Decommissioning
• Monitoring and Surveillance
• Rescue Operations
Based on industry, the market is segmented into:
On the basis of region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Snake Robot Market Trends
The manoeuvrability and ease of application of snake robots is augmenting the growth of the snake robot market. The rapid evolution of automation and increased usability in difficult terrains are the key trends observed that are contributing to the growth of this market. The ability of snake robots to operate 1,000 feet below the sea level makes them a useful invention for saving the lives of underwater deep sea-divers, thus boosting their demand. These robots are increasingly being deployed for disaster management purposes and for performing in confined-spaces like nuclear reactors under life-threatening situations, which is impacting the demand for snake robots positively.
As snake robots are equipped with features like GPS, sensors, and video cameras, they are increasingly being used to save the lives of people in case of an emergency, which is expanding the snake robot market. Rising investments in the research and development of these robots and increasing manufacturing initiatives are further catalysing the market growth. The high accuracy of these robots prevents human errors and makes them highly reliable for multitasking. Snake robots can perform a variety of tasks and their deployment saves time, thus enabling improved allocation of human workers.
Key Market Players
The major players in the global snake robot market report are Oliver Crispin Robotics Limited, HiBot Corp., Sarcos Technology and Robotics Corporation, and Eelume AS, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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