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Non Medical Biomimetic Robots Market Report to Describe Major Companies and Their Strategies 2021-2022

Market Report Summary

Market – Non Medical Biomimetic Robots Market

Market Value – US$ 140 Mn in 2020

Market CAGR Value – xx % in 2018 to 2026

Market Forecast Year – 2018 to 2020

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Over the years, scientists and researchers have been studying nature to develop products inspired from the biological origin. Biomimetic is also known by alternate names such as bio mimicry and bio-inspired, amongst others. It has already scaled up innovation across a wide range of industries and many of the products used in day-to-day life are developed by taking inspiration from nature. The implementation of biomimetic across industries has led to sustainable development, increased profits and decreased cost of production. Therefore, researchers are trying to incorporate the same approach in the advanced robotics industry, which is leading to the creation of non-medical biomimetic robots.

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Non-medical biomimetic robots are the robots inspired from natural living organisms such as insects, birds, animal, humanoid and fish. They exhibit improved performance in areas where there is a need for flexible structures and where other industrial robots cannot be used. Non-medical biomimetic robots are used for a wide variety of applications such as inspection, surveillance, transportation and logistics, material handling, manufacturing, personal use and home assistance.

They are yet not commercialized and are still in the research and development phase and the expected market potential has been highlighted in the PMR report on the non-medical biomimetic robots market. The market for non-medical biomimetic robots is estimated to be valued at ~US$ 140 Mn by 2019-20, owing to the low rate of commercialization and the use of these robots only for specialized applications such as defense. By 2023-24, the global non-medical biomimetic robots market is expected to reach 20 times of its initial value, exhibiting exponential growth.

non medical biomimetic robots market

 Key Players:

The report has profiled some of the Important players prevalent in the global like – Boston Dynamics, Festo Group, Agility Robotics, AeroVironment, Inc., The University of California, Massachusetts Institute of Technology, KUKA AG and ABB Group and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Non Medical Biomimetic Robots.

Factors Driving Global Demand for Non-Medical Biomimetic Robots

Non-medical biomimetic robots are used for various applications including inspection, surveillance, transportation and logistics, material handling, manufacturing, personal use and home assistance. The growing investments and funding in the research and development of non-medical biomimetic robots for defense sector is projected to boost the market demand for non-medical biomimetic robots. In the defense sector, apart from the use for surveillance, non-medical biomimetic robots are also being used for logistics where they assist soldiers in carrying heavy weapons and other items, thus saving energy and improving efficiency. There has also been a rise in the demand for the use of non-medical biomimetic robots in pipeline maintenance across various industries. Industrial pipes are inaccessible and narrow and can be vertical with junctions; therefore, difficulty in detecting leakage points, regular checking and inspection and changing ventilation systems have been witnessed. Significant research and development is being carried out to automate the process of pipeline inspection and maintenance, which is expected to generate significant growth opportunities for non-medical biomimetic robots.

Global Non-Medical Biomimetic Robots Market Potential Analysis by End-Use Industry

In terms of end use industry, in the short term scenario, the defense sector is anticipated to lead the global non-medical biomimetic robots market demand. However, industries such as oil and gas, mining and water treatment are projected to create significant demand for non-medical biomimetic robots in pipeline maintenance and studying the water composition and exploring the remote parts of the ocean. The warehouse and distribution industry is also expected to generate a significant opportunity for the global non-medical biomimetic robots market.

Global Non-Medical Biomimetic Robots Market Potential Analysis by Application

In terms of application, non-medical biomimetic robots are majorly being used for surveillance applications in the defense industry. They are also being used for logistics application. However, the inspection and material handling segment is also projected to be among the major application segments in the coming years.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Non Medical Biomimetic Robots Market Manufacturers
Non Medical Biomimetic Robots Market Distributors/Traders/Wholesalers
Non Medical Biomimetic Robots Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Highlights of the Non Medical Biomimetic Robots Market Report:

  • The Non Medical Biomimetic Robots Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
  • The report dives deeper into the market and explains the dynamic factors bolstering market growth.
  • The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
  • The report analyzes the Non Medical Biomimetic Robots Market presence across major regions of the world.
  • It determines the production & consumption capacities and demand & supply dynamics of each regional market.
  • The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
  • It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

  • What will the Market growth rate in Future?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the opportunities and threats faced by the vendors in the global industry?
  • What are sales, revenue, and price analysis by regions of industry?

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