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Snake robots are a promising class of mechanisms ideal for performing critical operations. The designing enables the robots to easily maneuvered in wide range of circumstances and retract back without deranging. The demand for snake robots is expected to flourish exponentially in healthcare sector in order to conduct critical surgeries and integration of these robots in medical devices. Also, deployment of these robots across defence, automotive, construction, etc. industries is anticipated for the market growth. Furthermore, the potential benefits including flexibility, accuracy improved speed, specificity, navigating, etc. allow to perform under highly confined situation. These situations can take place naturally or accidentally. For instance, these robots are able to perform in nuclear plants for attending hazardous course of action or human-made spaces including roads, pipelines, etc.
Key Market Driver -
• High penetration of surgical devices in healthcare industry • Ability to enter and sustain in the highly confined environments
Key Market Restraint -
• Inability to precisely sense and control the torques and forces of their actuators.
Moreover, key vendors are focusing on enhancing its existing technology and expand its global footprint by adopting various marketing strategies including collaboration, mergers & acquisition, new product launches, etc. For instance, in July 2017, GE Aviation acquired OC Robotics. This acquisition will enable GE Aviation to expand its component repair development capabilities and ensure inspection on the wing support teams. Additionally, manufacturers are emphasizing on offering technologically advanced snake robots to gain a competitive edge in the market. For instance, in May 2017, Sarcos Corp. Introduced Guardian S, a snake-like robot configured with Microsoft Azure cloud technologies. This enables to analyze and inspects pipes, scaling boiler room walls and other sensitive areas located at industrial spaces.
Some of the key competitors in the snake robots market include OC Robotics, HiBot, Medrobotics, Sarco, Kawasaki Robotics, Applied Robotics Technologies, Tesla Inc., Tokyo Institute of Technology, SINTEF, and Carnegie Mellon University
North America is expected to book a major market share in the forecast period owing to presence of major manufacturers and research and development institutes, , high investments poured across various industry divisions including aerospace, construction, automotive etc. Moreover, rising government concerns and raise in funding for disaster management are further driving the snake robot market. Also, the adaptability of snake-arm robots across healthcare sector is widening. The factors responsible are the aging US population, growing trends of robotic surgeries, etc.
Asia Pacific is forecasted to grow significantly in the coming years owing to presence of organized and unorganized Chinese players operating in this business segment, rising infrastructure development, etc. Moreover, assembling of spares and components is carried out mainly in countries including China, Japan, Hong Kong, etc. This is expected to rise the sales volume of snake robots due its ability to perform critical tasks with precision.
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The demand for snake robots is expected to grow at a considerable rate in the coming years. The growth is attributed towards the rising government initiatives to upgrade the medical equipment and devices, rising concerns for disaster management, growing projects of buildings, pipelines, etc.
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