The global security robots market could achieve a CAGR of 7.93% during the forecast period (2018-2027), says Market Research Future (MRFR).
The companies leading the global security robots market include Elbit Systems Ltd. (Israel), AeroVironment, Inc. (U.S.), ReconRobotics, Inc. (U.S.), Lockheed Martin Corporation (U.S.), QinetiQ Group plc (U.K), L3 Technologies, Inc. (U.S.), Knightscope, Inc. (U.S.), DJI (China), Northrop Grumman Corporation (U.S.), Leonardo S.p.a (Italy), among others.
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Growth Boosters and Top Barriers
The demand for security robots is escalating at a remarkable speed all over the world. The growth-inducing factors in the market include terrorist conflicts and geopolitical instabilities. One of the significant applications of the security robots are in military. They are highly useful in military as they can enter directly into dangerous territories for exploring unfamiliar areas and handle risky objects and also deactivate bombs. With the support of sensors and appropriate cameras, they have the capability to perform different missions. Mobile robots can be operated from a remote location by the operator. Security robots can be used to conduct dangerous tasks which helps save human life from unpredictable events. Therefore, security robots are considered to be a safer option and are highly efficient. The sum of these factors are expected to benefit the security robots market to a great extent.
One of the significant factors driving market growth includes the rising military use. Security robots are mainly used during terrorist conflicts and geopolitical instabilities. Among different kinds of security robots, unmanned aerial vehicles are expected to generate the highest demand in the years to come. Also, sensor components could enjoy robust demand during the review period.
Some additional factors promoting the market growth are the surging expenditure on defense by developing economies coupled with rising trend of opportunities in the form of rapid technological advancements.
The worldwide Security Robots Market has been segregated depending on the type, applications, and components.
With respect to the type, the security robots market comprises unmanned aerial vehicle (UAV), unmanned ground vehicle (UGV), and unmanned underwater vehicle (UUV). The UAV segment, by 2027, could attain the top spot with the largest shar, owing to its rising use in surveillance and reconnaissance missions, in addition to protecting the borders of the countries.
Security robots find major use in applications like patrolling & surveillance, rescue operations, firefighting, explosive detection, and others. The patrolling & surveillance segment is expected to enjoy the highest demand by 2027. This is because UAVs are used for enforcing security in government complexes, military bases and compounds. The segment is poised to note a boost in demand owing to the rise in terrorist activities.
Components mentioned in the report include frames, propulsion systems, guidance & navigation control system, camera systems, and other payloads have been analyzed by MRFR. Out of these, the propulsions system segment is touted to be hold the largest share, while the camera system segment is predicted to expand at a fast pace during the forecast period. Technology development for harnessing solar energy in order to power security robots works in favor of both the segments.
The prominent markets for security robots are Latin America, Europe, Middle East & Africa (MEA), Asia Pacific (APAC), and North America.
In 2017, North America was identified as the leading market for security robots. Surge in the use of advanced weapons as well as technology for overseas contingency operations in Syria, Iraq and Afghanistan is believed to be the primary reason behind the strong market growth. The region also reigns over other regions, in terms of expenditure along with technological advancements. Apart from this, North America is known to have a massive number of deployments of security robots, which again benefits the market. The United States (U.S) makes huge demand for security robots, especially for surveillance purposes. However, Canada gives some tough competition backed by substantial investments to develop security robots. With that said, the market in the region is predominantly under the U.S., since the country is the largest manufacturer of military robots in the world. In addition, the region houses a large number of renowned companies including Lockheed Martin, Northrop Grumman and AeroVironment that are dedicated in developing highly-advanced security robots, in addition to other marketing strategies.
On a similar note, Europe and Asia Pacific could remain important growth pockets in the global market in the coming years. Both the regions together account for close to 47% share of the worldwide market. Some of the popular strategies employed by prominent companies include mergers and acquisitions, which helps them expand the customer base and also establish their position in the market. Citing a reference, in November 2017, Thales had acquired Aveillant Ltd. with the latter’s expertise in holographic RADAR technology. The acquisition had aided Thales in allowing its customers make use of its more advanced surveillance offering.
Middle East and Africa is expected to gain immense prominence in the years ahead on account of expected multiple technological advancements in the near future. Also, soaring demand from the defense sector for security robots in the backdrop of currently underway wars like the unrest in Syria could elevate the market position in the forthcoming years.
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Market Research Future (MRFR) employ a selective body of methods which assist in a scientific and systematic approach to research of the given field of study. Primary methods such as interviews with decision makers of leading competitors in the market have been used along with secondary methods to provide a comprehensive view of the market scenario. Credible sources such as white papers, annual reports, and SEC filings have been used as a part of objective secondary research methods. Top-down and bottom-up approaches have been applied to the field of study to provide accurate estimation and validation of the market. Inquisitive and proficient data analysts exhaust every line of research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the market in its entirety.
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Top 15 Countries With the Highest Military Expenditure, 2016 and 2017 (Usd Billion)
Table 4 Global Security Robots Market, by Type, 2017-2027 (Usd Million)
Table 5 Unmanned Aerial Vehicle: Security Robots Market, by Region, 2017-2027 (Usd Million)
Table 6 Unmanned Ground Vehicle: Security Robots Market, by Region, 2017-2027 (Usd Million)
Table 7 Unmanned Underwater Vehicle: Security Robots Market, by Region, 2017-2027 (Usd Million)
Table 8 Global Security Robots Market, by Application, 2017-2027 (Usd Million)
Table 9 Patrolling & Surveillance: Security Robots Market, by Region, 2017-2027 (Usd Million)
Table 10 Rescue Operations: Security Robots Market, by Region, 2017-2027 (Usd Million)
List of Figures
Figure 1 Global Security Robots Market: Market Structure
Figure 2 Key Takeaways From Security Robots Market
Figure 3 Key Buying Criteria of Security Robots
Figure 4 Research Process of Mrfr
Figure 5 Top Down & Bottom Up Approach
Figure 6 Dro Analysis of Global Security Robots Market
Figure 7 Porter’s Five Forces Analysis of Global Security Robots Market
Figure 8 Value Chain Analysis
Figure 9 Global Security Robots Market, by Type, 2018 (% Share)
Figure 10 Global Security Robots Market, by Type, 2017-2027
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