Global Micro-Robots Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : ICT Date : August 24th, 2018
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The global micro-robots market is expected to grow progressively with a CAGR of 65.1% during 2018-2024. The growth is primarily attributed to the increasing demand for surgical micro-robots, technological advancements in manufacturing sector, and increasing usage of smart phones and tablets. Electronic devices such as smart phones require precision manufacturing to perform detail-oriented tasks, which has led to the rapid increase in the adoption of micro-robots. Moreover, increasing adoption of robotic technology in medical field is further boosting the market growth.

The years used for the assessment are as follows:

  • Historical year : 2014, 2015 and 2016
  • Base year : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total micro-robots market and it various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global micro-robots market.
  •  Finalizing the overall size and share for the global micro-robots market 

OBJECTIVES: 

  • To classify the global micro-robots market into segments on the basis of mode of operation, manufacturing material, applications, end-use, and region and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with the global micro-robots market
  • Profiling key companies operating in the global micro-robots market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global micro-robots market is as follows:

By Mode of Operation

  • Semi-Autonomous
  • Autonomous
  • Tele-Operated
  • Others

By Manufacturing Material

  • Bio compatible hydrogels
  • Magnetic nano-particles

By Application

  • Equipment Maintenance
  • Surface Defect Detection
  • Mobile Sensor Networks
    • Monitoring/ Surveillance
    • Search and Rescue
  • Sophisticated Manufacturing
  • Surgeries
    • Telemetry
    • Material Removal
    • Targeted Therapy
    • Controllable Structure
  • Others

By End-Use

  • Military
  • Medical & Healthcare
  • Automotive
  • Others

By Region

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • Central and South America
    • Middle East and Africa

Micro-robots are the small size machines that are designed to perform the tasks with precision. They have a dimension less than 1mm, and have potential use in the various applications including manufacturing, healthcare, and automotive among others. Unlike conventional robots, micro-robots are flexible and motor-less, and therefore, micro-robots are majorly used in medical sector. Furthermore, the adoption of micro-robots in healthcare is increasing rapidly, as it helps medical professionals in the diagnosis and treatment of various diseases.

The major concern while operating the micro-robots is its power source. With the advancements in technology, the size of the components has reduced to micro scale and also resulted in the reduction of the volume capacity of the battery. Thus, to provide on-board power to a micro-robot is extremely challenging. Therefore, micro tools and sensors are employed due to their high operational value. Moreover, the adoption of wireless power sources such as optical power, radio frequencies, ambient energy scavenging and the usage of bacteria as a power resource in micro-robots is also expected to propel the market growth during the forecast period.

 Geographically, the global micro-robots market is segmented in North America, Europe, Asia-Pacific, and Rest of the World. North America held the largest share of the global micro-robots market in 2017. The growth in the region is attributed to the presence of major device manufacturers. Furthermore, Asia-Pacific is expected to register the highest CAGR during 2018-2024. The growth of the market is mainly driven by increasing demand of medical robots in the healthcare industry and growing demand for military robots in search and rescue operations.

Key players of the global micro-robots market includes Techject Inc.; Seiko Epson Corporation; Thermo Fisher Scientific Inc.; QinetiQ; THALES S.A.; Northrop Grumman; Clearpath Robotics; ReconRobotics Inc.; among others.

Micro-Robots Market

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Micro-Robots- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global micro-robots market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.6. Market dynamics

3.6.1. Market driver analysis

   3.6.1.1. Increasing adoption of surgical micro-robotic technology in healthcare sector

   3.6.1.2. Technological advancements in manufacturing sector

   3.6.1.3. Increasing usage of smart phones and tablets

3.6.2. Market restraint analysis

   3.6.2.1. Limited energy storage

   3.6.2.2. Energy inefficient actuation

3.6.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive analysis

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Micro-Robots Market Size and Forecast (2014 – 2024)

5.1. Global Micro-Robots Market, By Mode of Operation (USD Million)

5.1.1. Semi-Autonomous

5.1.2. Autonomous

5.1.3. Tele-Operated

5.1.4. Others

5.2. Global Micro-Robots Market, By Manufacturing Material (USD Million)

5.2.1. Bio compatible hydrogels

5.2.2. Magnetic nano-particles

5.3. Global Micro-Robots Market, By Application (USD Million)

5.3.1. Equipment Maintenance

5.3.2. Surface Defect Detection

        5.3.3. Mobile Sensor Networks

   5.3.3.1. Monitoring/ Surveillance

   5.3.3.2. Search and Rescue

       5.3.4. Sophisticated Manufacturing

       5.3.5. Surgeries

   5.3.5.1. Telemetry

   5.3.5.2. Material Removal

   5.3.5.3. Targeted Therapy

   5.3.5.4. Controllable Structure

        5.3.6. Others

5.4. Global Micro-Robots Market, By End-use (USD Million)

5.4.1. Military

5.4.2. Medical & Healthcare

5.4.3. Automotive

5.4.4. Others

CHAPTER 6. Global Micro-Robots Market Size and Forecast, By Geography (2014-2024)

6.1. North America Micro-Robots Market (USD Million)

6.1.1. North America Micro-Robots Market, By Mode of Operation (USD Million)

6.1.2. North America Micro-Robots Market, By Manufacturing Material (USD Million)

6.1.3. North America Micro-Robots Market, By Application (USD Million)

6.1.4. North America Micro-Robots Market, By End-use (USD Million)

6.1.5. North America Micro-Robots Market, By Country (USD Million)

   6.1.5.1. US

   6.1.5.2. Canada

   6.1.5.3. Mexico

6.2. Europe Micro-Robots Market (USD Million)

6.2.1. Europe Micro-Robots Market, By Mode of Operation (USD Million)

6.2.2. Europe Micro-Robots Market, By Manufacturing Material (USD Million)

6.2.3. Europe Micro-Robots Market, By Application (USD Million)

6.2.4. Europe Micro-Robots Market, By End-use (USD Million)

6.2.5. Europe Micro-Robots Market, By Country (USD Million)

   6.2.5.1. UK

   6.2.5.2. Germany

   6.2.5.3. France

   6.2.5.4. Rest of Europe

6.3. Asia-Pacific Micro-Robots Market (USD Million)

6.3.1. Asia-Pacific Micro-Robots Market, By Mode of Operation (USD Million)

6.3.2. Asia-Pacific Micro-Robots Market, By Manufacturing Material (USD Million)

6.3.3. Asia-Pacific Micro-Robots Market, By Application (USD Million)

6.3.4. Asia-Pacific Micro-Robots Market, By End-use (USD Million)

6.3.5. Asia-Pacific Micro-Robots Market, By Country (USD Million)

   6.3.5.1. China

   6.3.5.2. Japan

   6.3.5.3. South Korea

   6.3.5.4. Rest of Asia-Pacific

6.4. Rest of the World (RoW) Micro-Robots Market (USD Million)

6.4.1. RoW Micro-Robots Market, By Mode of Operation (USD Million)

6.4.2. RoW Micro-Robots Market, By Manufacturing Material (USD Million)

6.4.3. RoW Micro-Robots Market, By Application (USD Million)

6.4.4. RoW Micro-Robots Market, By End-use (USD Million)

6.4.5. RoW Micro-Robots Market, By Region (USD Million)

   6.4.5.1. Central and South America

   6.4.5.2. Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. Techject Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Seiko Epson Corporation

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Thermo Fisher Scientific Inc.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. QinetiQ

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. THALES S.A.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Northrop Grumman

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Clearpath Robotics

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. ReconRobotics Inc.

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

Global Micro-Robots Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024