The Global Security Robots Market size is expected to reach $74.5 billion by 2028, rising at a market growth of 15.5% CAGR during the forecast period.
Security robots are robotic devices that are created to carry out numerous duties, earlier done by humans. These are autonomous devices that do not need much human assistance. These are autonomous guards that monitor and carry out security duties using streaming video, artificial intelligence (AI), and other linked technology. They have modern, large-capacity batteries, electric motors, and high-definition (HD) cameras.
They assist with reporting, observing, looking for intrusions, and patrolling of monitoring zones. Security personnel can use security robots to detect potential threats, acquire a close-up first look from a safe distance, as well as provide accurate information about the hazard so that preemptive measures can be done. Shopping centers, workplaces, and public spaces are all increasingly using security robots.
The fact that these robots collect significantly more data than people suggests that they are more analogous to security mobile robots than typical security guards. Despite this, they are frequently portrayed as friendly patrol bots that will potentially replace human security guards. Security robots are widely used in many establishments throughout the world, including malls, parking lots, and universities because they are dependable, incorruptible, and more affordable than security staff.
The paradigm of security and facility management is evolving across various industries as a result of the introduction of machine learning, computer vision, and robotics. More than just a collection of sensors and computations make up robots. They are essential computers that can reach out and touch the entire globe, offering both innovation and adaptability. They are made to travel across human places safely and without appearing menacing or frightening, which facilitates cultural acceptability.
As the infection spread, it necessitated the hiring of new staff members or lowering of safety and service standards. This led private security firms to use security robots. The pandemic pushed for the development of robots that can sanitize the whole premises. These later evolved to replace infected security personnel at various places doing security checks as well as temperature checks where needed. Most countries saw a surge in automated robot sales during the pandemic. Therefore, it is evident that the pandemic had an overall positive impact on the security robots market.
To protect the borders against undersea dangers, nations all over the world are utilizing cutting-edge technology. In the current global environment, dangers from pirates, terrorists, and sailors causing problems across maritime and land borders have increased. This results in the country's revenue trafficking concerns. Arms and ammunition, light weapons, drugs, and people trafficking become recurring. Such concerns have legitimized the increase of defense expenditure worldwide in efforts to bring these crimes under control.
Security robots are widely used in a variety of applications because of advancements in automation and sensor technologies. These robots may learn over time and expand their usefulness due to advancements in neural network technology. Robots can analyze their environment and offer more accurate information with the aid of these sensors. The distant sensing capabilities of these robots can be employed to protect the area and find potential dangers.
In a variety of defense applications, security robot dependability is crucial. These robots' malfunctions can be broken down into design, technological, manufacturing, environmental, and operating categories. In the event of a failure, effective preventative measures and backup plans are needed. Transporting the malfunctioning security robots back to the main station must be planned in advance. Security robots' functional unreliability limits their usage in a variety of military and covert activities since it might lead to the transfer and loss of sensitive data and expose it to enemy forces' exploitation.
Based on type, the security robots market is divided into UAV (Unmanned Aerial Vehicle), UUV (Unmanned Underwater Vehicle), and UGV (Unmanned Ground Vehicle). The Unmanned Underwater Vehicles (UUV) segment acquired a promising revenue share in the security robots market in 2021. UUVs are submersible vehicles that can function underwater without a human occupant. These are also referred to as underwater drones. Remotely operated underwater vehicles (ROUVs) and autonomous underwater vehicles are two subcategories of UUVs.
Based on end user, the security robots market is categorized into defense & military, residential, commercial, and Calibration. The commercial segment recorded a substantial revenue share in the security robots market in 2021. These are robots that are primarily employed for outside security. It is mostly utilized to secure sizable spaces like workplaces, schools, and other places. These robots have a camera installed inside of them that may be able to rotate 360 degrees and provide the control center with all the data.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 28.4 Billion |
| Market size forecast in 2028 | USD 74.5 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 15.5% from 2022 to 2028 |
| Number of Pages | 174 |
| Number of Tables | 270 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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On the basis of region, the security robots market is analyzed across North America, Europe, Asia Pacific, and LAMEA. North America garnered the largest revenue share in the security robots market in 2021. The market is growing with the expansive application of robots in this region. Given their dependability and quality, unmanned solutions are widely used by US security and surveillance services. There have been more terrorist attacks and ongoing armed confrontations in public venues like schools.
Free Valuable Insights: Global Security Robots Market size to reach USD 74.5 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Northrop Grumman Corporation, Leonardo SpA, Lockheed Martin Corporation, Cobham Limited (Eaton Corporation PLC), Kongsberg Group, Saab AB, BAE Systems PLC, Elbit Sytems Ltd., and QinetiQ Group PLC (The Carlyle Group).
By Type
By End User
By Geography
The global Security Robots Market size is expected to reach $74.5 billion by 2028.
Increasing Defense Budget Would Escalate The Demand For Security Robots are driving the market in coming years, however, Security Robots' Unreliability In Military Operations And Functionality restraints the growth of the market.
Thales Group S.A., Northrop Grumman Corporation, Leonardo SpA, Lockheed Martin Corporation, Cobham Limited (Eaton Corporation PLC), Kongsberg Group, Saab AB, BAE Systems PLC, Elbit Sytems Ltd., and QinetiQ Group PLC (The Carlyle Group).
The expected CAGR of the Security Robots Market is 15.5% from 2022 to 2028.
The Defense & Military segment acquired maximum revenue share in the Global Security Robots Market by End User in 2021 thereby, achieving a market value of $43.5 billion by 2028.
The North America market dominated the Global Security Robots Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $31.5 billion by 2028.
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