As a result, the global snake robot market has been projected for a fruitful future with the demand progressing at a notable growth rate during the forecast period of 2018 to 2026. The report is titled “Snake Robot Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”
Albany, NY -- (SBWIRE) -- 08/16/2018 -- Robotics is restructuring a number of industries and they come in all shapes, sizes, and structures. The concept of snake robot, or simply snakebot, is to leverage the structural properties that of a snake and achieve desired results. For instance, snake robots can be as long as four stories as the one developed by the SINTEF to as small and thin that they can be used as medical equipment that can maneuver through organs inside human body. The analyst of a recent business publication acquired by MarketResearchReport.biz has foreseen that the concept of snake robots will continue to be harnessed in the near future and its application areas will expand.
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Aspiring to compile a business tool that can aid in business decisions, this report is a thorough assessment of prominent factors such as drivers and restraints that will determine the demand in the near future. Not just that, quite a few key trends and opportunities have also been identified that will help players in carving a niche ahead of their competitors. Segmentation of the snake robot market has been done on the basis of product, services, end users and others, whichever applicable, as well as demand potential of every key country and region have been gauged in this global study. The demand potential of each of these segments have been represented in terms of US$ million. Finally, the report finishes off with an exclusive section on the competitive landscape, wherein all the pioneering and leading companies have been analyzed for their market share, geographical representation, and latest developments.
Based on component, the snake robot market can be segmented into service, software, and hardware, which can be further sub-segmented into servo motors, sensors, IC controllers, lithium ion battery, pneumatic tubes & wires, and others. Application-wise, the market can be classified into fire extinguishing, monitoring & surveillance, nuclear decommissioning, maintenance & inspection, surgeries, and others. Presently, the maintenance and inspection segment is generating the most prominent chunk of demand whereas North America is leading in terms of regional demand. End use industry bifurcation of the market can be done into automotive, healthcare, defense and military, education, aerospace, and others.
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Most of the pioneering companies are currently indulged in enhancing their products. Kuka Automation Company, HiBot, Medrobotics, OC Robotics, Sintef, Hirose Fukushima Laboratory, Applied robotics Technologies LLC, Tokyo Institute of technology, Sarcos Corporation, Tesla Inc., Carnegie Mellon University are a few notable names dominating this market.
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