According to the latest report by IMARC Group, titled “Security Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global security robots market reached a value of US$ 8.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.3 Billion by 2027, exhibiting at a CAGR of 14.1% during 2022-2027.
Security robots are automated surveillance devices that rely on artificial intelligence (AI) and other connected technologies to surveil and perform various security tasks. They are equipped with LED displays, high-definition (HD) cameras, high-capacity batteries, and electric motors. These robots also assist in reporting, detecting intruders, informing personnel, and patrolling surveillance areas. As a result, they are used in numerous establishments such as parking lots, malls, schools or campuses worldwide.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Security Robots Market Trends:
Due to the development of new technologies, the capabilities of security robots have been significantly enhanced, leading to their wide adoption across the globe. Besides this, the key manufacturers are introducing automation capabilities that allow security robots to execute surveillance and other analytics-based tasks in difficult terrains. Furthermore, the rising security concerns across different countries owing to increasing number of terrorist activities and geographical instabilities represent another major growth-inducing factor. Moreover, the demand for security robots has escalated with the advancement of neural network technology that has enabled them to learn and improve their functionality over time.
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Global Security Robots Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- AeroVironment Inc.
- BAE Systems plc
- Boston Dynamics (Hyundai Motor Group)
- Cobham Limited (Meggitt PLC)
- Elbit Systems Ltd.
- Knightscope Inc.
- Kongsberg Gruppen
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- SMP Robotics Systems Corp
- Thales Group and The Boeing Company.
Breakup by Component:
- Propulsion System
- Frames and Sensors
- Camera Systems
- Guidance and Navigation Control System
- Power Systems
Breakup by Type:
- Unmanned Ground Vehicle
- Unmanned Aerial Vehicle
- Autonomous Underwater Vehicle
Breakup by Application:
- Explosive Detection
- Rescue Operations
Breakup by End User:
- Defense and Military
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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