Non-Medical Biomimetic Robot Market report is segmented on the basis of technology, application, and region & country level. Based upon technology, non-medical biomimetic robot market is classified into cloud computing, artificial intelligence, cognitive computing, block chain, internet of things, cyber security and biometrics, and others. On the basis application, the market is classified into inspection, surveillance, transportation and logistics, material handling, manufacturing, personal use and home assistance.
Non-Medical Biomimetics Robot Market is valued at USD 25,529 Million in 2018 and expected to reach USD 100.939 Million by 2025 with CAGR of 21.7% over the forecast period.
The robots of non-medical biomimetic are inspired from the natural living organisms like birds, insects, animals, fish, and humanoids. With time, development of non-medical biomimetic robots in the robotics field has shown tremendous and improved performance in a areas where other industrial robots was unable to be used and where there was a need for supple structure. Extensive research has expanded the application area which has led to the rapid progress of non-medical biomimetic robots in the robotics industry such as in assessment and investigation. The market growth of the non-medical biomimetic robots is predicted to be huge in the forecast years. The non-medical biomimetic market is anticipated to worth 10 billion in revenues generation by 2026.
Manufacturers are putting immense stakes on biomimetic robotics technologies mainly for the defense segment. Furthermore, application in an emerging model for animal’s activities might open huge potentials in the coming years. An upsurge of funding by the government organizations for the robotics-based research and development activities for the military applications is making a huge significant opportunity and contributing to the growth of the non-medical biomimetic robots market. The non-medical biomimetic market is likely to register instrumental growth over the forecast years. The healthcare industry has been experiencing multiple challenges over the past years. The challenges were high costs of technology, failure in the care delivery and overtreatment that has escalated the healthcare costs which has impacted negatively to the growth of this sector and indirectly affected the patient outcomes. This factor has led to an increased in the robotic-based technology adoption rate in the healthcare sector.
The regions covered in this Non-Medical Biomimetics Robot market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Non-Medical Biomimetics Robot is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
The major players operating in the Non-Medical Biomimetics Robot market are Agility Robotics, Boston Dynamics, AeroVironment, Inc., Festo Group, KUKA AG and ABB Group, The University of California, Massachusetts Institute of Technology, and others.
Growing Application in Various Sector and Rising Demand for Non-Medical Biomimetic Robots are expected to drive the Growth of this Market
The continuous expansion of various applications in which non-medical biomimetic robots technology are used for various purposes are the factors boosting the market growth. The growing funds and investments for the research and development of non-medical biomimetic robots in the defense sector are likely to increase the growth of the market demand. Also, a non-medical biomimetic robot is used for logistics purposes which help soldiers to carry heavy weapons and other items to save energy and improve efficiency. There is also an increasing demand for non-medical biomimetic robots in the pipeline maintenance for various purposes. The significant development for the research and development to carry out the automation process for the pipeline maintenance and inspection is estimated to create substantial growth opportunities for non-medical biomimetic robots market.
North America is the most Prominent Market for the Non-Medical Biomimetics Robot
Geographically, Non-Medical Biomimetics Robot market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. The non-medical biomimetic robot market in the North America region is estimated to dominate the global market, followed by Europe, due to a large number of research and development activities in the region. The research agencies such as DARPA have been providing huge funds for the positioning and development of these robots in military applications. Moreover, advanced infrastructure is some of the main reason for the growth of the market in the region. The non-medical biomimetic robot market in the Asia Pacific region is expected to show moderate growth due to emerging infrastructure and technology in the region.
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