New York, NY, June 17, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Security Robot Market By Type (Autonomous Underwater Vehicle, Unmanned Aerial Vehicle, and Unmanned Ground Vehicle), By Component (Camera System, Frame, Guidance, Navigation & Control System, Propulsion System, and Others), By Application (Spying, Explosive Detection, Firefighting, Patrolling & Surveillance, Rescue Operations, and Others), and By End-User (Defense & Military, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global security robot market was around USD 2.13 billion in 2018 and is expected to reach approximately USD 3.72 billion by 2025, at a CAGR of slightly above 8.28% between 2019 and 2025.
Security robots are designed to provide mobile CCTV monitoring and replace patrolling guards. Security robots are able to move around a restricted area without human interaction. They can also send images from their built-in cameras to the monitoring center. With rapid advancements in technology, the adoption of unmanned vehicles and aircraft solutions in the defense sector have increased. In the past decades, the unmanned systems in the military sector are utilized across all domains—ground, air, and surface. With the fast-paced growth of the developing economies around the world, the demand for unmanned vehicles is surging. This up-gradation in technologies is not only shifting the face of warfare but also changing the decision-making process in combat operations.
Browse through 71 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Security Robots Market Size 2018 Report: By Type, Industry Share, Trends, Segments, Analysis and Forecast to 2025”.
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The unmanned vehicles are evolving at a much faster pace to deliver enhanced war machines in multi-domain battles. These are some factors driving the security robot market growth in the years ahead. However, concerns related to the database memory of artificial intelligence in military unmanned armed vehicles can lead to unwanted target for the weapons. This may become a major restraint for the security robot market in the future. Alternatively, there are several opportunities in the security robot market. The autonomous security robots are sued by various sectors globally, which will make the work of the security team much easier and reduce risks. These robots are a merger of three cutting-edge technologies: AI, robotics, and automation. These robots will prove to be better for processing, surveillance, protection, and analyzing any situation better than humans.
The global security robot market is fragmented based on type, component, application, and end-user. The type segment includes an autonomous underwater vehicle, unmanned aerial vehicle, and unmanned ground vehicle. By component, the security robot market camera system, propulsion system, navigation and control system, guidance, frame, and others. Based on application, the market for security robot is classified into rescue operations, patrolling and surveillance, firefighting, explosive detection, spying, and others. On the basis of end-user, the security robot market is categorized into commercial, residential, and defense and military.
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Geographically, North America is the major contributor to the global security robot market. Over the last few decades, the number of conflicts has increased throughout the country along with rising terrorist attacks in public places and schools. Moreover, they are also working in rescue boats that would help trapped victims. The rising demand for safety in industries, such as manufacturing, transportation, and logistics, is also expected to drive the security robot market in the region.
Europe is developing robots to be used in transport facilities and at airports. A well-equipped robot with a camera and sensor is used for interaction with passengers, cleaning, and even law enforcement. They are also introduced for security services. Thus, continuous innovation and developments in various sectors in Europe are anticipated to drive the region’s security robot market.
Browse the full “Security Robot Market By Type (Autonomous Underwater Vehicle, Unmanned Aerial Vehicle, and Unmanned Ground Vehicle), By Component (Camera System, Frame, Guidance, Navigation & Control System, Propulsion System, and Others), By Application (Spying, Explosive Detection, Firefighting, Patrolling & Surveillance, Rescue Operations, and Others), and By End-User (Defense & Military, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/security-robots-market
The Asia Pacific security robot market is expected to witness notable growth in the future, owing to the rise in the number of terrorist attacks, illegal immigration, infiltration, and criminal activities, mainly in China, India, and Japan. The growing market for unmanned aerial vehicles is expected to hold a substantial share of the security robot market. In addition, India is also focusing on law enforcing robots that will assist police in maintaining law and order, manage traffic, and security at airports, malls, and selected public places.
Latin America is expected to make a notable contribution to the security robot market in the future, owing to the growing product demand by various sectors across the region. The Middle East and Africa will show considerable growth in the overall safety and security including homeland and police security, commercial security, perimeter, and physical security, fire and rescue, safety and health, information security, and smart home and building automation. According to the researchers in a trade show held in Dubai, the Middle East and Africa security robot market will grow considerably in the upcoming years.
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Some major players operating in the global security robot market are Thales, Recon Robotics, DJI, Northrop Grumman, Boston Dynamics, Kongsberg Gruppen, Cobham, Finmeccanica, Elbit Systems, Knightscope, AeroVironment, BAE Systems, Irobot Corp., Lockheed Martin, and QinetiQ Group.
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This report segments the global security robot market into:
Global Security Robot Market: Type Analysis
- Autonomous Underwater Vehicle
- Unmanned Aerial Vehicle
- Unmanned Ground Vehicle
Global Security Robot Market: Component Analysis
- Camera System
- Frame
- Guidance
- Navigation and Control System
- Propulsion System
- Others
Global Security Robot Market: Application Analysis
- Spying
- Explosive Detection
- Firefighting
- Patrolling and Surveillance
- Rescue Operations
- Others
Global Security Robot Market: End-User Analysis
- Defense and Military
- Residential
- Commercial
Global Security Robot Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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