Security Robots Market 2017-2027 | Worldwide Overview By Elbit, L-3, DJI, Northrop Grumman, QinetiQ, Knightscope, AeroVironment, Leonardo, ReconRobotics, Lockheed Martin

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

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.

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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.

Report Overview

This report covers current events and trends in the market for security robots to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFR’s report includes a thorough analysis of the global security robots market segmented on the basis of type, application, component, and region with astute insights. The report has been prepared to assist industry players in making the right decisions which can culminate in fruitful returns. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.

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.

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.

Segmentation Analysis

The global security robots market is segmented by type, application, and component.

Type-wise segmentation includes unmanned aerial vehicles (UAV), unmanned ground vehicles (UGV), and unmanned underwater vehicles (UUV). Unmanned aerial vehicles (UAV) generates the maximum market share. The segment is also expected to be the fastest growing during the forecast period.

Application-based segmentation comprises patrolling & surveillance, rescue operations, firefighting, explosive detection, and others. Rescue operations currently lead the segment and are also the fastest growing one. Also, various natural disasters and calamities have fueled the need for such a service.

Based on components, the market comprises propulsion system, frame, guidance, navigation & control system, camera system, and other payloads. The propulsion system is currently heading the segment by fetching the maximum market share. However, the camera system is expected to grow with the fastest CAGR during the review period

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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.

Global Security Robots Market: Competitive Landscape

Northrop Grumman Corporation, QinetiQ Group plc, Lockheed Martin Corporation, AeroVironment, Inc., Elbit Systems Ltd. collectively accounted for more than 50% of the market share of the global security robots market in 2017. These companies continue to retain their strong global presence through business expansions, mergers & acquisitions, and new product innovations.

In 2017, Northrop Grumman Corporation was the leading player in the market. It is a global aerospace and defense company, and it operates in various business segments such as aerospace systems, technological services, and mission systems. The aerospace systems include autonomous systems, manned systems, and space. The surveillance drones fall under the aerospace systems segment. It is the fifth largest defense contractor in the world. The company adopts a mix of both organic and inorganic growth strategies to sustain its leadership position in the market. For instance, it recently acquired Orbital ATK to strengthen its position in space and defense sector.

QinetiQ Group plc held the second position in terms of market share, in 2017. The company is one of the largest defense companies in the U.K. The company segment, robotics & autonomy, primarily consists of reconnaissance robots, hazardous material detection, bomb & explosive ordnance disposal, fire-fighting, and security robots. QinetiQ strives on an integrated strategy to lead and modernize the U.K Defense Test & Evaluation enterprise, by collaborating with government and prime contractors. The company believes in innovation by investing in its inherent strengths in defense, security, and critical infrastructure, with strong growth focus on the U.S. and Australian businesses. In addition, QinetiQ is aiming at establish key partnerships in the Middle East for the export of its wide product offerings.

Lockheed Martin Corporation acquired the third spot in the market. It is engaged in the research, design, development, manufacturing, and integration of advanced technology systems, products, and services. The firm operates in four business segments, which include aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and space. The aeronautics business is engaged in the design and development of advanced military aircraft, unmanned air vehicles, and related technologies. The company’s major strategy is to focus on program execution and improve the quality of delivering products and services. The firm continuously strengthens its product portfolio to meet the current and future needs of the customers. The company accomplished this by adopting independent research and development activities, acquisition, divestiture, and internal realignment activities.

AeroVironment, Inc. is one of the most competitive players in this market. The company operates through two business segments, namely UAS and Energy Efficient Solutions (EES). It designs and manufactures security robots under the business segment unmanned aircraft systems in the U.S. and internationally. The company aims to develop innovative, safe, and reliable new solutions that provide customers with valuable benefits. As a result, the company focuses on the creation of new markets or market segments to gain market share. The company intends to grow the business by preserving a leadership position in the UAS and tactical missile system, by creating new solutions, which will aid in establishing leadership positions in new market segments.

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