The new report by Expert Market Research titled, ‘Global Security Robots Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global security robots market, assessing the market based on its segments like types, applications, components, end-user industries, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Security Robots Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028):11.30%
In the commercial spaces such as malls and offices, security robots are considered to be capable of replacing human security guards owing to the greater efficiency, reliability, and low chances of bribery. This factor is further driving the market growth.
The increasing spending by the commercial enterprises on bolstering the security is anticipated to augment the market growth in the forecast period. Meanwhile, the growing adoption of unmanned aerial vehicles by the military and defence industry to carry out search and rescue operations without risking the life of military personnel is anticipated to be a major driving factor in the market.
Geographically, the Asia Pacific region accounts for a significant share of the market owing to the strong foothold of major security robot manufacturing companies, robust development of security patrol robots in Japan.
Security Robots Industry Definition and Major Segments
Security robots are the defined as the machines which are equipped with a software and are used to guard a territory or an asset. Security robots are made by combining several existing technologies, wireless internet, neutral networks, and hardware controllers into a system, which can perform tasks more efficiently and accurately than humans.
On the basis of type, the market can be segmented into:
• Unmanned Aerial Vehicles
• Unmanned Ground Vehicles
• Unmanned Underwater Vehicles
Based on application, the market has been segmented into:
• Explosive Detection
• Rescue Operations
The market can be segmented based on component into:
• Controller Systems
• Camera Systems
• Navigation Systems
• Power Systems
The significant end-user industries included in the market are as follows:
• Defence and Military
The regional markets for security robots include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Security Robots Market Trends
The key trends in the security robots market include the technological advancements in the product, which include the penetration of artificial intelligence, installation of infrared cameras, and multisensory network. The growing R&D activities by the security robot manufacturing companies aimed towards bolstering its communication system are likely to propel the market growth in the coming years.
The growing adoption of security robots in the residential sector, owing to the rising standards of living and favourable government policies aimed towards protection of the occupants, is also likely to drive the market growth further.
Key Market Players
The major players in the Global Security Robots Market are :
- Northrop Grumman Corporation
- Thales SA
- BAE Systems PLC
- Leonardo SPA
- Boston Dynamics Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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