The global Security Robots market is estimated to record a CAGR of around 8.72% during the forecast period
Evolve Business Intelligence has published a half-cooked research report on the Global Security Robots Market, 2021–2030. The global Security Robots market is projected to exhibit a CAGR of around 8.72% during the forecast period of 2022 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global Security Robots Market: Elbit Systems Ltd., L3 Harris Technologies, Inc., DJI, Northrop Grumman Corporation, QinetiQ, Knightscope, Inc., AeroVironment, Inc., Leonardo SpA, ReconRobotics, Inc., and Lockheed Martin Corporation.
Market Highlights
The global Security Robots market is projected to be valued at $3.89 Billion by 2030, recording a CAGR of around 8.72% during the forecast period. Security robots are automated guards that are primarily in charge of surveillance and security tasks. They rely on modern technologies like AI, streaming video, and IoT to carry out their duties. All security robots come with HD cameras, electric motors, and modern high-capacity batteries – making them flexible and efficient. They can assist in reporting, monitoring intruders, detecting, and investigating. They are also efficient enough to help in patrolling surveillance areas. Security robots are becoming more popular because they’re more reliable, incorruptible, and cost-efficient than other security guards. They’re also used in many places such as malls, parking lots, and schools or campuses across the globe.
Due to the sharp increase in cases of coronavirus disease and the simultaneous rise in demand for security robots, there is a significant rise in their adoption. The pandemic has led to lockdown restrictions and social distancing. This can also be more attributed to a myriad of governing agencies imposing lockdowns on several countries.
Segmental Analysis
The global Security Robots market has been segmented based on the Type, Component, Application, and region.
Based on Type, the Security Robots market is segmented based on Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Unmanned Underwater Vehicles. The Unmanned Aerial Vehicles Segment is analyzed to hold the largest share of the Security Robots market. Most models such as drones are relatively low in cost and thus accessible to a wide range of users like commercial and recreational operators.
Based on Components, the Security Robots market is segmented based on Sensors, Controller Systems, Camera Systems, Navigation Systems, Power Systems, Propulsion Systems, and Others. The Camera Systems segment is expected to hold the largest market share. By using Cameras, businesses or the public can detect crimes that may have otherwise gone unnoticed. This allows them to prevent them in the first place and provides a safer environment for employees and citizens.
Based on Application, the Security Robots market is segmented based on Security Robots Industry, Spying, Explosive Detection, Firefighting, Demining, Rescue Operations, Transportation, Patrolling & Surveillance, and Others. The patrolling and surveillance segment holds the largest revenue share with its strongest growth in this area. It’s expected that spying will hold a larger share of business moving forward as well, due to growing demand from the defense sector.
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Regional Analysis
The Security Robots market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America dominates the global Security robot market due to the increasing number of active conflicts in the United States along with the rising number of terrorist attacks in schools and public places. The Asia Pacific is on track to grow at a rapid pace thanks to increased investment in strengthening military training and surveillance capabilities and governments acting more aggressively to counter infiltration, criminal activities, and terrorist threats. The Security Robots business in Europe has been consistently growing due to the investment of time and money to fit security measures, businesses are implementing enterprise security on a large scale within their facilities. With robots at their side along with other automated industrial robots powered by AI, they work tirelessly to mitigate any potential risks that might exist. The recent technological advancements in the Middle East and African countries have increased their demand for security robots. Escalating conflicts in Syria such as the War on Terror are adding to their need for assistance.