Security Robot Market:
The GMI Research expects the security robot market to expand at a higher rate. From a regional perspective, North America is projected to grow at a higher CAGR due to various technological advancements, the growing usage of advanced weapons and robotics technology in the defense sector, and the increasing deployment of surveillance security robots in the commercial sector.
Security Robot Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global security robots market is projected to experience strong demand over the coming years due to the growing concerns for security and the strong demand for automation of processes. Moreover, increasing adoption of robots in commercial and residential verticals, such as shopping malls, educational institutes, hospitals, and others for security purposes attributed to several benefits like improved efficiency, better safety, effective planning and search, decreased human errors, is further augmenting the growth of the market. Increasing geopolitical instabilities and terrorist attacks together, followed by the rising adoption of unmanned vehicles and unmanned aerial vehicle solutions in the defense sector, mainly owing to the capability of security robots to move automatically in a limited area, is another factor bolstering the growth of the security robot market size in the coming years.
Some of the major factors contributing to the growth of the security robot market include the increasing technological advancements, such as sensor technology, nanotechnology, artificial intelligence, GPS, 3D vision technology, cloud computing, lasers, and neural network technology in security robots for monitoring and patrolling purposes. In addition to this, numerous institutions, such as the International Federation of Robotics (IFR), Centre for Artificial Intelligence & Robotics (CAIR), Indian Underwater Robotics Society (IURS), India Robotic Industries Association (RIA), and Swedish Robotics Society, among others are certain factors that are expected to fuel the growth of the security robotics market. On the other hand, the factor hindering the growth of the market include the high investment needed for the integration, manufacturing, and programming of robotic security solutions. However, the limited comprehensive regulatory framework will hamper the market growth of the security robots market.
Security Robot Market’s leading Manufacturers:
- Lockheed Martin Corporation
- Thales Group
- BAE Systems Plc
- Northrop Grumman Corporation
- Elbit System Ltd.
- DJI
- Hyundai Motor Company
- Kongsberg Gruppen
- Cobham Limited
- Knightscope, Inc.
Security Robot Market Segmentation:
Segmentation by Type:
- Unmanned Aerial Vehicle
- Unmanned Ground Vehicle
- Autonomous Underwater Vehicle
Segmentation by End-Use Industry:
- Defence and Military
- Residential
- Commercial
Segmentation by Application:
- Spying
- Explosive Detection
- Patrolling
- Rescue Operation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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