Search and Rescue Robots Market is valued at USD 59,163.9 Million and is expected to grow at a CAGR of 18.2% between 2020 and 2030.

Market Research Future Insights :

Search and Rescue Robots Market Size Valued at USD 59,163.9 Million, market Grow at a CAGR Of 18.2% by 2020 -2030

With the aid of the state-of-the-art Search and Rescue Robots, rescuers can now quickly find people within damaged buildings, gather information about the disaster, identify hazardous materials, work in dangerous conditions, and provide first aid supplies. Drones and robots for search and rescue operations may become more versatile, intelligent, and inexpensive. Because robots and artificial intelligence are combined, it is now possible to automate the process of finding victims and potential threats.

Robots may soon patrol the air or the sea without human interference. The main technological advancements affecting the industry internationally have been significant investments in robots, software, and componentry to construct and develop new drones that are more robust and nimble and capable of being deployed in dangerous areas.

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 Key Players :

Boston Dynamics, Hydronalix, Kongsberg Maritime, Lockheed Martin Corporation, FLIR Systems, Inc., Howe & Howe Technologies, Inc., Northrop Grumman Corporation, Pliant Energy Systems LLC, Saab AB, and Thales Group are the major companies in the market.

Market Segmentation :

According to mode of operation, the market for search and rescue robots has been divided into autonomous and remotely operated segments. It is projected that the use of autonomous robots in dangerous situations would expand due to their high potential to enhance operations and present new chances to increase production, lower cost, minimise risk, and improve data collecting.

The global search and rescue market is divided into land, maritime, and aerial segments based on platform. The robust demand for autonomous underwater vehicles (AUV) is anticipated to fuel the maritime sector’s expansion. AUVs come in a variety of sizes, including shallow, medium, and large. Sensors, cameras, synthetic aperture sonars, and other payloads are just a few of the options that AUVs can carry individually or in combinations. AUVs are also outfitted with technologies for propulsion, communication, navigation, and collision avoidance. AUVs are employed in a variety of fields besides the oil and gas business, including military & defence, oceanography, environmental protection & monitoring, archaeology & exploration, and search & rescue missions.

Regional Analysis :

The US and Canada are the two primary nations that make up North America. The market expansion is being supported by the expanding development efforts made by naval forces of nations like the US to strengthen the navy. For instance, in 2017 Lockheed Martin Corporation and the US Navy agreed to a USD 43.2 million contract for the development of an undersea marine vehicle. Furthermore, the US’s strict marine security rules are a major factor in the expansion of the regional industry.

To safeguard US citizens and marine interests against maritime security threats like piracy, terrorism, criminal activity, and cyber-attack, the Office of Maritime Security assists the creation and implementation of effective maritime security policies, procedures, practises, and training. Therefore, strict government restrictions are motivating the navy to invest in cutting-edge marine systems like the AUV to provide naval personnel and people with improved safety and security.

Due to increasing investments in search and rescue robots, key nations like China, Japan, India, and Australia are majorly driving the market growth in the Asia-Pacific region. The need for search and rescue robots in the region is also rising as a result of rising military spending and territorial disputes between China, South Korea, and North Korea and other nearby nations. SIPRI estimates that China spent about USD 215 billion on its military in 2016 and USD 250 billion in 2018. Additionally, between 2017 and 2019, India’s military spending increased by about 9%. The development of naval combat systems and fleet modernization initiatives by China, India, and other Asian nations are also contributing to the market’s expansion.

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