Security Robots Market – Share, Outlook, Trends, Size and Forecast (2024

Security Robots Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Security robots are mainly engaged in security, border patrol, defence, surveillance, homeland security, inspection, and law enforcement. Security robots are substantially utilised during geopolitical instabilities and terrorist conflicts. Many countries are demanding more of the equipment’s which is efficient and removes the threat of life owing to make their military and defence stronger.

Global Security Robots Market Size & Growth:

Global Security Robots market size is projected to reach 2.39 Billion by the end of 2024 with a CAGR of 8.59% during the forecast period. Key Parameters promoting the market growth include rising demand for safety in industrial sectors such as manufacturing and transportation & logistics, security robots, geopolitical instabilities and terrorist conflicts, proliferation of security robots technology, growing need for automation in developing regions such as Asia-pacific, advent of industry-specific security robots on developed regions such as North America and Europe, high demand from the manufacturing sector, and increasing awareness of security robots.

Due to several technological advancements initiating, the global security robots market is expected to have the highest growth during the forecast period. The software is expected to show feasible growth during the forecast period owing to exponential growth in robotics as a service and demand for advanced software platforms for effortless integration between robot and humans.

Global Security Robots Market Share:

Global Security Robots Market is classified by Type, by Application, by component, by End-User, by geography. By Type,theGlobal Security Robots market is classified as Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Unmanned Underwater

Security Robots Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Vehicles. Among these, unmanned aerial vehicles holds the largest market share due to their extensive use, especially by NATO alliances and US defense services to keep an eye on any suspicious activity, increase in usage of UAVs for patrolling and surveillance of major events such as FIFA, world cup, and euro cup, and increasing focus on undersea warfare.

By Application, these are classified as spying, explosive detection, firefighting, demining, rescue operations, transportation, and patrolling.

By Component, these are classified as Frames, sensors, controller systems, camera systems, navigation systems, and power systems. Among these, sensors component is expected to have the highest CAGR during the forecast period due to electro-optic systems are increasingly being used by defence forces worldwide, BRN and laser sensors are used in security robots for marking targets, guiding munitions, missile defence, electro-optical countermeasures, and inertial navigation systems.

By End-user, these are classified as chemical & mining, defence & aerospace, entertainment & leisure venues, and oil & gas manufacturing. Among these, the defence is witnessed to have the highest growth due to security robots are majorly utilised by defence organisations for spying purposes to gain proper intelligence.

North America is expected to have the largest market share about 30.8% due to increasing use of advanced weapons and technology for overseas contingency operations such as Iraq, Syria, Afghanistan and the ongoing operations in Syria and Libya against terrorist outfits are provoking the U.S. to use advanced technology-based security robots.

Increase in investments for strengthening the military

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Security Robots Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

prowess in countries such as China, Japan, and India have rapidly increased the demand for security robots in Asia-Pacific, but due to increasing budget allocation in APAC region is fueling the market growth.

Global Security Robots Market Trends:

Homeland Security Techvision Opportunity Engine covers recent developments in rescue robots to help trapped victims, a smart traffic surveillance system for ensuring smooth traffic flow, artificial intelligence to identify counterfeit products.
Bossa Nova, the leading developer of autonomous service robots for the global retail industry announced robotics protrude in the self-driving robot. According to the robot, this was largely in the areas of self-driving street vehicles.
Government support in the form of funding and policy measures for developing service robots to favour the market.

Global Security Robots Market Research Reports:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROCin the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Elbit Systems Limited
QinetiQ Group Plc.
Touch Bionics
Bosch
Liquid Robotics
Rethink Robotics

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