Global Security Robots Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at XX % through 2019 to 2027, reaching US$ 4.8 Bn.
Global Security Robots Market
Global Security Robots Market
Security robots are semi or fully-automated robotic physical security systems organized at commercial, governmental or residential facilities. These robots perform a variety of tasks like patrol, surveillance, and guard. Security robots are movable and fixed systems that track and monitor physical activity outdoors and indoors.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The global security robot market dynamics are thoroughly studied and explained in the report, which helps the reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the global security robot market. Some of the drivers and restraints are illustrated below, their detailed explanation is discussed in the report with other supporting. These major factors such as growing safety concerns, increasing demand for robots in security and surveillance, increased application of unmanned system solutions in military forces are boosting the security robot market. Growth in defense budgets of developed economies will provide ample opportunities for market growth.
However, stringent government environment in different regions rules is hindering the market growth. One of the most challenging aspects of sizing the security robot market was to objectively include the hardware, devices, analytics, software, sensors, and other technologies across the systems market.
The actual demand for robots came about when companies realized they could improve safety and security by mounting laser cameras and sensors on a mobile platform. GPS and a laser ranging instrument allow robots to find their way around a patrol area and avoid problems. Computer technology has developed to the point that data sent from robots could determine when something was out of order - for instance, a hole in a fence or an object or person in a place they shouldn’t be.
Currently that robots are becoming available, the task they perform will no doubt continue to rise. Security robots started by patrolling perimeters and large open areas like parking lots. Now, key players such as Knightscope are developing robots that can also move around inside buildings. Their sensors allow them to avoid obstacles, with people.
The analysts at MMR have done extensive research for the global security robots market and provides the report with a detailed study of the market by various segments. Based on components, the camera system segment is expected to grow at the highest CAGR of XX.XX% and anticipated to hold the highest market share of US$ XX.XX Bn during the forecast period. Cameras play a significant role in feeding information to security robots. Most variants of security robots are combined with cameras for monitoring, investigation, and capturing videos and images.
By type, the Unmanned Aerial Vehicle (UAV) segment is expected to account for the largest XX% market share by 2027. The growth of the segment is large because of the rapid adoption of UAVs for purposes like reconnaissance and surveillance. UAV application in the military is projected to increase further in the years to come.
Global Security Robots Market1
The report offers a brief analysis of the major regions in the security robots market, namely, North America, APAC, Europe, South America, and the MEA. Among these, North America held the largest XX% share of the security robots market in 2019; it is expected to hold the largest XX% share of the market during the forecast period. The U.S. is the largest military spender in the globe which makes it an attractive destination for market players. Security robot deployment has expanded a tremendous moment in North America with the U.S. being at the front. At the same time, the presence of companies like Lockheed Martin, Northrop Grumman, and AeroVironment augurs well for the security robot market in North America.
The MMR reports cover key developments in the security robots market as organic and inorganic growth strategies. Many companies are focusing on organic growth strategies such as product launches, product approvals and others like patents and events. The US Navy awarded a contract to Lockheed Martin Corporation, which was valued at US$ XX Mn for an extra-large unmanned undersea vehicle, known as Orca. XLUUV Orca is a two-phase competition, containing the currently awarded design phase. A competitive production phase for up to nine vehicles to meet the growing demands for undersea operational awareness and payload delivery is underway.
The objective of the report is to present a comprehensive analysis of the Global Security Robots Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Security Robots Market dynamics, structure by analyzing the market segments and project the Global Security Robots Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Security Robots Market make the report investor’s guide.
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Scope of the Global Security Robots Market
Global Security Robots Market, by Type
• Autonomous Underwater Vehicle
• Unmanned Aerial Vehicle
• Unmanned Ground Vehicle
Global Security Robot Market, by Component
• Camera System
• Navigation and Control System
• Propulsion System
Global Security Robot Market, by Application
• Explosive Detection
• Patrolling and Surveillance
• Rescue Operations
Global Security Robot Market, by End-User
• Defense and Military
Global Security Robots Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Security Robots Market
• Boston Dynamics
• Endeavor Robotics
• Lockheed Martin
• SMP Robotics
• Cobalt Robotics
• SuperDroid Robots
• Northrop Grumman Remotec
• Elbit Systems
• Qinetiq Group
• Kongsberg Gruppen
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