Security Robots Market 2018 Key Countries Analysis By Elbit Systems, L3, DJI, Northrop Grumman, QinetiQ, Knightscope, Leonardo, Lockheed Martin and Others

Global Security Robots Market 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

The global market for security robots is projected to reach a valuation of USD 3,359.2 million during the forecast period (2018-2027), proclaims Market Research Future (MRFR) in a meticulously researched report. A robust security system requires efficiency and round-the-clock service that security robots can easily provide; a reason that can boost the global market with a staggering CAGR of 7.93% during the forecast period.

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Security robots are machines capable of enforcing the security within complexes and compounds without the need for human supervision. It acquires and collects data via radars, infrared devices, and thermal sensors. The global security robots market is predicted to experience a 7.93% CAGR during the assessment period (2018-2027), as per an in-depth report by Market Research Future (MRFR). Rise in geopolitical tensions can induce market demand over the forecast period.

The sharp rise of adoption rates of unmanned systems by military and defense forces is projected to fuel market growth in the foreseeable future. Emergence of hybrid unmanned systems is likely to open up prospects for the market. Furthermore, increase in defense budgets of developed nations can open up opportunities for the market.

Governments are awarding contracts to private players for upkeep and maintenance purposes. This is evident by with the deal signed between the U.K. Department of Defense and Thales Group to support its unmanned aircraft system unit, the Watchkeepers. Technological advances in sensors, miniaturization of components, and investments in surveillance robots can bolster market growth over the forecast period.

Players Covered

Elbit Systems Ltd. (Israel), L3 Technologies, Inc. (U.S.), DJI (China), Northrop Grumman Corporation (U.S.), QinetiQ Group plc (U.K), Knightscope, Inc. (U.S.), AeroVironment, Inc. (U.S.), Leonardo S.p.A (Italy), ReconRobotics, Inc. (U.S.), and Lockheed Martin Corporation (U.S.), are eminent names profiled in in the security robots market report.

The report offers comprehensive profiles on these market players and assesses their current standing in the security robots market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.

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Segment Overview

By type, the security robots market comprises unmanned aerial vehicle (UAV), unmanned ground vehicle (UGV), and unmanned underwater vehicle (UUV). The UAV segment is expected to acquire the largest market share by 2027. This can be attributed to its use in surveillance and reconnaissance missions and protect the borders of respective nations.

Security robots are utilized in applications such as patrolling & surveillance, rescue operations, firefighting, explosive detection, and others. The patrolling & surveillance segment is touted to generate significant market demand by 2027. UAVs are used in patrolling duties and assist in enforcing security in compounds, government complexes, and military bases. The segment can witness a surge in demand galvanized by the rise in terrorist activities.

Components of these robots such as frames, camera systems, guidance & navigation control system, propulsion systems, and other payloads are discussed in detail. Among these, the propulsions system segment will be the largest and the camera system segment can grow at a rapid pace till the end of the forecast period. Developments in technologies to harness solar energy to power these robots can propel the growth of both of these segments.

The segments and sub-segments covered in the report are analyzed under five major regions – North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. The standard definition of “security robot” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.

Regional Analysis

Geographically, the market covers North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America.

North America commands almost 41% of the market share. Multiple terrorist attacks have galvanized the need for security robots for tackling such menaces. The U.S. is investing heavily in the sector to maintain a better security system, and the latest technological achievements can help the market project a stellar CAGR of 8.01% during the review period.

Europe has the second largest market. The region is replete with major industrial manufacturers of the latest technologies which are boosting the market and is expected to propel the sector with a CAGR of 6.70%. However, stringent regulations could prove to be market deterrents.

The APAC can project the fastest CAGR of 9.76 % in the foreseeable future. Rising terrorist attacks, infiltration, illegal immigration, and criminal activities have persuaded countries such as China, India, and Japan into adopting this technology and the market is experiencing the boons of it.

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