The new report by Expert Market Research titled, ‘Global Security Robots Market Size, Report and Forecast 2022-2027’, gives an in-depth analysis of the global security robots market, assessing the market based on its segments like types, applications, components, end users, and 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.
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): 11.30%
The security robots’ market is being driven by the growing adoption of security robots from various end use industries, such as military and defence, home guard security, police department and commercial sector, among others. The surge in the adoption can be attributed to the unmatched capabilities of the security robots in terms of efficiency, durability, and cost-effectiveness. For instance, an unmanned aerial vehicle can perform tasks which are usually carried out by pilot-aircrafts. It can carry out search and rescue operations and surveillance.
Furthermore, the rising demand for drones, in order to enhance the airport security in the emerging economies, is anticipated to boost the market growth. In terms of region, North America accounts for a significant share in the market owing to the high military and defence expenditure. The presence of significant drone manufacturers in the United States of America and Canada is likely to provide impetus to the market.
Industry Definition and Major Segments
Security robot refers to autonomous devices which are capable of carrying out operations, such as surveillance, search and rescue, and most importantly, can protect a territory efficiently and effectively. Security robots are widely adopted by a number of industries.
Based on type, the market can be segmented into:
- Unmanned Aerial Vehicles
- Unmanned Ground Vehicles
- Unmanned Underwater Vehicles
Among these, the unmanned aerial vehicles account for a significant share in the market.
The major applications of security robots include:
- Explosive Detection
- Rescue Operations
By component, the market has been segmented into:
- Controller Systems
- Camera Systems
- Navigation Systems
- Power Systems
The significant end-user industries in the market include:
- Defence and Military
The regional markets for security robots include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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The rising investments and technological advancements in the unmanned aerial vehicles, also known as drone technology, is likely to be a major trend in the global security robot’s market. These advancements include the installation of high-resolution cameras and weapon systems in the drones.
This makes the machine capable of protecting and attacking the enemy territory. The increasing induction of unmanned aerial, underwater, and ground vehicles in the country’s line of defence is likely to be another major trend in the market.
Key Market Players
The major players in the market are Northrop Grumman Corporation, Thales SA, BAE Systems PLC, Leonardo SPA, and Boston Dynamics Inc., among others.
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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