Security Robot Market Size Estimated to Grow At a CAGR of 3.11% From 2018 to 2023 with Global Players including LOCKHEED MARTIN CORPORATION, THALES SA, BAE SYSTEMS, ELBIT SYSTEMS, LEONARDO SPA, AEROVIRONMENT, KNIGHT SCOPE

In 2017, the global security robot market was valued at USD 1.946 billion. The market is expected to register a CAGR of about 3.11% during 2018-2023 (the forecast period). Security robots are devices with locomotive capabilities, which can collect data for security purposes, and in some cases act upon this data, if required. This information is obtained through an array of different sensors, such as ultrasonic or infrared devices, cameras, radars, thermal sensors, and u2018others’. Developments, like K5 by Knightscope Inc., are indicating a potential for security robots. Earlier, these robots had insufficient capabilities, but with the improvements in sensor technology and automation capabilities, these robots have been developed to be useful in practical applications. The development and enhancements of neural network technology have also given these robots the capability to learn over time and improve their functionality. The inclusion of different sensors has improved the capabilities of robots in analyzing their environment and providing more reliable data. This factor has significantly benefitted their incorporation in military devices.

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In addition, the remote sensing abilities provided by these robots (due to the inclusion of wireless sensors) are expected to boost their utilization in residential and commercial applications.

Increasing Usage of Robots in Security and Surveillance Applications is driving the Market
Robots are being preferred in to the surveillance market, to patrol shopping malls, parking lots, college campuses, and other public areas. Surveillance robots are mainly equipped with inertial, GPS, LiDAR, biomimetic, and ultrasound-based range sensors. Owing to the improvements in features and functionalities, they are also equipped with hyperspectral, thermal, and multispectral sensors. The emergence of hybrid UMV systems is identified as one of the key trends, which is expected to propel the growth prospects. Recent technological advancements in a wide range of sensors and their miniaturization, coupled with the increasing investments in the surveillance robots domain, is driving the growth in demand for surveillance robots across the country. For instance, Cornell University researchers formed a team to create an integrated network of diverse robots for security and surveillance. Security and surveillance robots boast of futuristic designs, which enable them to be put into diverse uses. This factor is expected to enable the US security robots market and gain immensely from the rising applications of the technology in the near future.

Key Developments in the Market
• December 2017 - Northrop Grumman Corporation received a contract from the US Army’s Lower Tier Program Office (LTPO), to perform risk reduction for RADAR technology and associated mission capabilities intended to replace the Army’s 50-year-old Patriot RADARs.
• November 2017 - Lockheed Martin integrated a new engine for its Fury unmanned air vehicles. The system was upgraded to increase the endurance up to 15 continuous hours of flight time.
• November 2017 - Thales acquired Aveillant Ltd, a Cambridge UK-based start-up company, pioneer in holographic RADAR technology. With this acquisition, Thales, a pioneer in digital technologies, is likely to be able to offer customers a new capability, complementing its surveillance offering.
• October 2017 - Cobham entered into a contract with the Korean Aerospace Industries, for the development of KF-X antenna suite.

Major Players:
LOCKHEED MARTIN CORPORATION, NORTHROP GRUMMAN CORPORATION, THALES SA, BAE SYSTEMS PLC, ELBIT SYSTEMS LIMITED, LEONARDO SPA, AEROVIRONMENT INC., KNIGHT SCOPE, DJI, SMP ROBOTICS, BOSTON DYNAMICS, COBHAM, KONGSBERG GRUPPEN, QINETIQ, IROBOT CORPORATION, ROBOTEX, RECON ROBOTICS, amongst others

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Spying Application Is Accelerating Market Growth
Spying applications are predominantly conducted by the military & defense sector. Night vision cameras, microphones, processors, and other wireless technologies, such as Bluetooth for communication, enable the drones and robots to be deployed for spying applications. Many robots are used in war field for various purposes, such as tracking the status of the enemy and knowing the supply of resources. They monitor the information and transfer the data to a remote PC or a TV using wireless technology. Innovations are enabling end-users to conduct more sophisticated reconnaissance missions. Insect spy drones are being developed, which can be equipped with cameras and microphones. Many other such micro air vehicles (MAVs) are being developed, integrated with advanced technologies, which could further fuel the growth of the spying robots market.

North America is dominating the Market Landscape
North America has been the major contributor for the security robots Market, internationally, owing to the advantages (like quality and reliability). The US security and surveillance forces are using the unmanned solutions. Over the past decade, the number of active conflicts has increased throughout the country, along with an increase in terrorist attacks in public places and schools. These geopolitical instabilities and territorial conflicts are likely to rise the need for security robots in the country over the forecast period. Also, due to the increase in terrorist activities, the rise in security concerns across the country is expected to drive the demand for security service robots in this region. With the upcoming security threats from North Korea, the country recently closed a deal, worth USD 4 billion, for the development of drones and fighter jets. Warrior robots and drones are yet to hit the US market and make their way into the tactics and strategy of the US army. However, in 2016, the US army was reported to spend around USD 521 million on robotics, of which about 79 % was spent on aerial drones. Only USD 20.6 million was spent on the purchase of unmanned ground vehicles in 2017, almost the entire remaining amount was spent for UGVs, in order to clear mines and roadside bombs. Further, nearly USD 91.4 million was spent on R&D activitiesu2014 and 40% of the amount was spent on mine clearance. The Marine Corps is already testing a tracked robot outfitted with sensors and cameras, and armed with a M240 machine gun. Commercialization of this robot is expected to further increase the demand for security robots in this country.

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