Security Robots Global Industry Development, SWOT Analysis, Challenges, Opportunities, Supply, Demand and Key Manufacturers Overview By Forecast 2019-2027
Global Security Robots Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pune , India – June 11, 2019 /MarketersMedia/ —
Security Robots Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Unmanned Aerial Vehicle, Unmanned Underwater Vehicle, Unmanned Ground Vehicle), Application (Explosive Detection, Patrolling & Surveillance, Rescue Operations, Firefighting, Others) Component (Guidance, Navigation, and Control System, Propulsion System, Camera System, Frame, Other Payloads) and Region – Forecast to 2027
Security robots are capable of enforcing security without the need for human supervision. These person-sized devices equipped with heat sensors, facial detection, and employee badge scanners can autonomously roll around, looking for signs of trouble, like an unrecognized person entering the building late at night, etc.
Fully autonomous and mobile, security robots are deployed to solve security issues in logistics and data centers, corporate offices, public venues, and parking garages. Still, in its embryonic stage, the security robots market is growing rapidly, mainly due to the evolution of robotics technology. Moreover, the increasing adoption of security robots replacing the existing security system is escalating the market on the global platform.
Acknowledging the enormous traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published study analysis asserts that the global security robots market is projected to garner exponential accruals by 2027, registering a 7.93% CAGR throughout the forecast period (2018 – 2027).
Additionally, factors such as the increasing adoption of security robots in surveillance and reconnaissance missions and to protect the borders of respective nations are contributing to the growth of the market. Developments in technologies to harness solar energy to power these robots can propel the growth of the market.
Augmenting adoption of unmanned systems by military and defense forces is estimated to fuel the growth of the market in the foreseeable future. Also, the emergence of hybrid unmanned systems is likely to open up prospects for the market. Furthermore, the increase in defense budgets of developed nations can open up opportunities for the market.
Conversely, factors such high initial cost of the security robots and challenges related to their battery operation are restricting the growth of the market. Nevertheless, technological advances in sensors, miniaturization of components, and investments in surveillance robots would support the growth of the market over the forecasted period.
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Major Players:
• L3 Technologies Inc. (US)
• Elbit Systems Ltd. (Israel)
• DJI (China)
• QinetiQ Group plc (UK)
• Northrop Grumman Corporation (US)
• Knightscope Inc. (US)
• Leonardo S.p.A (Italy)
• AeroVironment Inc. (US)
• ReconRobotics Inc. (US)
• Lockheed Martin Corporation (US)
• others
Industry/ Innovation/ Related News
May 27, 2019 —– Knightscope, Inc. (the US), a leading company involved in the development of autonomous robots for physical security launched its new security robots – K1 – which comes with facial recognition to help enhance Workplace Violence Prevention programs for organizations across the United States. The company says it has performed a test on its K1 Security Robot platform which is ready to offer its services.
Global Security Robots Market – Competitive Analysis
Highly competitive, the security robots market appears to be fragmented due to the presence of several players. These players adopt strategic initiatives such as collaboration, acquisition, partnership, product/ technology launch, and expansion in order to maintain their positions by gaining a competitive advantage in the market.
The global security robots market is anticipated to witness constant innovations which would eventually result in intensifying the competition among these players.
Global Security Robots Market – Segmentation
For a better understanding, the report is segmented into four key dynamics:-
By Type : Unmanned Ground Vehicle (UGV), Unmanned Aerial Vehicle (UAV), and Unmanned Underwater Vehicle (UUV) among others.
By Application : Explosive Detection, Patrolling & Surveillance, Rescue Operations, and Fire-fighting among others.
By Component : Guidance, Navigation, Propulsion System, Camera System, Payloads, Frame, Control System, and others.
By Region : Europe, Asia Pacific, North America, and Rest-of-the-World.
Global Security Robots Market – Regional Analysis
North America heading with the huge advancement in robotics dominates the global security robots market, commanding over 41% of the market share. Factors such as the increasing terrorism have galvanized the need for security robots for tackling such menaces. The North America security robots market is projected to grow at 8.01% CAGR during the review period.
The US accounts for the largest market in the region with its constant investments in the sector to maintain a better security system. Besides, the presence of major robotic players in the US is fostering the regional market, allowing it to become more dominating as compared to other regions.
Furthermore, factors such as the increasing development in automation and increasing focus on enhancing communication capabilities; especially in the law enforcement and public security sectors are driving the growth of the security robots market in the region.
The security robots market in the European region accounts for the second-largest market, globally. The presence of major players like Leonardo S.p.A and QinetiQ Group plc has led to the growth of the security robots market in this region. Also, the increasing R&D activities, modifications of manned & unmanned military systems and weapons systems are some of the major forces driving the growth of the market. The market in the region is likely to register a CAGR of 6.70% throughout the forecast period.
The Asia Pacific security robots market has been emerging as a promising market, globally. The presence of notable players in the region acts as a key tailwind pushing the growth of the market. Besides, factors such as the rising terrorist attacks, infiltration, illegal immigration, and criminal activities, especially in the rapidly developing countries such as India and China are driving the growth of the security robots market in the APAC region.
Some of the emerging APAC countries such as India and China are increasingly investing in the development of these robots to strengthen the security system. India has a huge potential to grow during the forecast period. Also, factors such as the rapid economic growth increased R&D activities, and the demand for the futuristic security technologies are propelling the regional market.
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