Snake Robots Market 2021 Top Manufacturers, Industry Share, Regional Investments and Future Trends by 2028

(The Express Wire via Comtex)

The global snake robots market size is anticipated to gain traction from the increasing demand from the healthcare sector. Snake or serpentine robots are super-flexible, biomorphic hyper-redundant robots similar to that of a snake and are used for various applications. An upcoming report by Fortune Business Insights titled, “Snake Robots Market Analysis, Share and Industry Analysis, By Application (Nuclear Decommissioning, Maintenance, Monitoring and Surveillance, Rescue Operations, Surgeries, Others (Components Assembly, etc.)), By Industry (Healthcare, Defence, Automotive, Aviation, Others) and Regional Forecast, 2020-2027,” discusses the market in detail and estimates its future prospects based on current statistics and data.

The impact of the novel coronavirus is devastating. People worldwide have distanced themselves socially and are staying at home under the lockdown period imposed by the governments of various countries. The increasing patient pool and lack of proper facilities have put the healthcare sector under major crisis. Most of the businesses are barely able to generate revenue by operating from homes. We are however hopeful that an antidote will soon be invented and we will soon surpass the COVID-19 pandemic.

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Fortune Business Insights are providing special reports on different markets impacted by the COVID-19 pandemic. These reports will help interested candidates and investors study the market and its growth trajectories and accordingly plan ahead of the future.

Highlights of the Report:

  • A comprehensive overview of the market for snake robots
  • Growth drivers, restraints, challenges, and upcoming opportunities
  • List of players and the major strategies adopted by them
  • Prominent industry development and current trends
  • Future of the Snake Robots Market

Drivers and Restraints-

Technological Advancements in New Snake Robots to Add Impetus

Snake robots can be ideal for performing critical operations and therefore their demand is on the high. The increasing demand from various industries such as healthcare, construction, automotive, and defense, stands as the key factor promoting the global snake robots market growth. In addition to this, properties such as accuracy, flexibility, navigating power, improved speed will also add impetus to growth.

On the contrary, factors such as the inability to precisely control and sense the forces and torque of the actuators may cause major hindrance to the market in the coming years. Nevertheless, manufacturers are focusing on technologically advanced robots such as cloud technology and others and this will help create lucrative growth opportunities for the market in the coming years.

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The global Snake Robots Market for snake robots is categorized on the basis of application, industry, and region. Based on application, the market is grouped into nuclear decommissioning, maintenance, monitoring and surveillance, rescue operations, surgeries, and others (components assembly, and others). With respect to segmentation by industry, the market is grouped into aviation, automotive, defence, healthcare, and others

Regional Analysis-

North America Gained Dominance Owing to Presence of Major Manufacturers

Among all regions, North America emerged dominant due to the presence of major players operating in this sector. This, coupled with the rise in number of research and development institutes and massive investments on snake robots by various industries such as construction, aerospace, and automotive will also aid in expansion of the regional Snake Robots Market. Furthermore, the increasing government concerns and the rising funds for disaster management will further help North America continue dominating the market in the forecast duration.

On the other side, the Snake Robots Market in Asia Pacific is expected to showcase significant growth in the forthcoming years on account of the presence of both organized and unorganized players from China who are functioning in this sector. Besides this, the increasing infrastructural development and the process of assembling spares and components in various nations such as Japan, Hong Kong, China, and others will also help this region generate notable revenue in the coming years.

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Competitive Landscape-

Players Focusing on Product Portfolio to Gain Competitive Edge

Some of the players operating in the snake robots market are indulging in the development of better robots for assisting in research and rescue missions and are therefore investing heavily on the same. This engagement in product development and portfolio will help players gain momentum in the market competition.

Industry Developments:

September 2017 A snake robot was installed in a live disaster search for helping trapped survivors escape from a building in Mexico City that collapsed during an earthquake at 7.1 magnitude.

February 2020 A new snake robot assistant was built by scientists that can provide assistance in search and rescue missions and help explore inaccessible terrain such as after an earthquake or other natural calamity.

List of Companies Profiled in the Snake Robots Market Report:

  • Carnegie Mellon University
  • Kawasaki Robotics
  • C Robotics
  • Tesla Inc.
  • Sarco
  • HiBot
  • Tokyo Institute of Technology
  • Applied Robotics Technologies
  • Medrobotics
  • Others

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