Security Robots: Future of Security and Surveillance | Market Growth Prediction Over 2021-2030
The demand for security is primarily driven by security concerns and the rising penetration of automation approaches. To ensure the safety of major facilities, autonomous mobile robots built for outdoor use can minimize, and eventually eliminate the need for human personnel. Security robots are capable of providing the highest level of security at a fraction of the expense of hiring personnel. The global security robots market growth is expected to be driven by this factor as well as a decrease in the average cost of security robots.
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The security robots market share is segmented into type, component, industry, application, and region. Based on type, the market is classified into unmanned ground vehicle, unmanned aerial vehicle, and autonomous underwater vehicle. On the basis of component, it is divided into propulsion system, frames, camera systems, guidance & navigation control system, propulsion systems, and others. Based on industry, the market is categorized into defense and military, residential, and commercial. Based on application, the market is segregated into spying, unmanned aerial vehicle, explosive detection, patrolling, rescue operations, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the security robots market include Northrop Grumman Corporation, Lockheed Martin Corporation, AeroVironment, Inc., Cobham Limited, Boston Dynamics, Liquid Robotics, Inc., Elbit Systems Ltd., Knightscope, Inc. B.A.E. Systems, Omron Corporation. These key players focus on R&D activities related to security robots technologies and adopt various strategies such as acquisition, mergers, collaboration, and others to enhance products in the market.
COVID-19 impact analysis
The COVID-19 epidemic has raised the possibility of unmanned technologies being used in the private security and asset protection industry. According to a press release from a company specialized in mobile robot development and robotics R&D projects, Enova Robotic's camera partner, VIVOTEK, the Tunisian authorities have also used the P-Guard, a sturdy machine developed for multi-terrain applications. Dual 4-megapixel wide-angle lenses, 180-degree panoramic views, and IR illuminators with a range of up to 20 meters are included in the robot's features. Security robot use is projected to increase as a result of these developments, particularly during the pandemic. All these factors are assisting the growth of nanotechnology market size significantly.
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Top impacting factors
The capabilities of these robots have been greatly enhanced as a result of the development of new technologies such as computer vision, natural language processing (NLP), and edge computing. They can currently be deployed in difficult terrains and surroundings to execute surveillance and other analytics-based tasks. The addition of several sensors to security robots has increased the robots' ability to analyses their surroundings and provide more trustworthy data. This has aided their inclusion into military devices tremendously.
Security robots market growth may have a future, as evidenced by developments, such as KnightscopeIncK5, these robots previously lacked significant capabilities but due to advancements in sensor technology and automation capabilities, they have been developed to be useful in working applications. The advancement and refinement of neural network technology has also enabled these robots to learn and improve their functionality over time.
New product launches to flourish the market
In October 2020, SZ DJI Technology Co. Ltd., a China-based technology company, revealed two new payload solutions for its flagship commercial drone platform Matrice 300 RTK at INTERGEO, the DJI Zenmuse P1 and DJI Zenmuse L1, meant to serve the most demanding aerial surveying missions. The payloads are projected to be industrial game-changers, delivering increased efficiency and fresh views at a low cost without sacrificing the quality and accuracy of data acquired for precise aerial inspections and data gathering missions.
Rise in commercial end-user industries
Commercial companies and related industries make up a significant sector of the economy, with a thriving industry boasting large resources to spend on security. As a result, security robots provide a compelling and quantifiable value proposition in this industry. While billions of dollars are spent on autonomous car R&D, indoor robots for commercial areas benefit from advances in sensor technology, computation, machine learning, and open-source software. The security robots’ sector is expected to grow at a rapid rate, due to rise in commercial security spending budgets and the availability of a largely untapped market.
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Key benefits of the report
• This study presents the analytical depiction of the security robots industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the security robots market opportunity.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight security robots market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the security robots market analysis.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the security robots market report
• Which are the leading players active in the security robots market trends?
• What are the detailed impacts of COVID-19 on the market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
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