Security Robot Market Future Growth Outlook 2021-2026 | Lockheed Martin Corporation, Northrop Grumman Corporation, Thales SA, BAE Systems PLC

The Security Robot Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Security Robot market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Security Robot market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Security Robot market.

The market was valued at USD 2.44 billion in 2020 and expected to reach USD 3.91 billion by 2026, to grow at a CAGR of 7.93%, over the forecast period (2021-2026). 

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Top Leading Companies of Security Robot Market are - Lockheed Martin Corporation, Northrop Grumman Corporation, Thales SA, BAE Systems PLC, Elbit Systems Limited, Leonardo SPA, Aerovironment Inc., Knight Scope Inc., SZ DJI Technology Co. Ltd, SMP Robotics, Boston Dynamics Inc., Cobham PLC, Kongsberg Gruppen, Qinetiq Group PLC, RoboTex Inc., Recon Robotics Inc. and others.

Industry News and Updates:

- Sept 2020- Lockheed Martin announced to provide a study for an integrated and capable payload ship, that will be able to patrol for extended durations, as part of the U.S. Navy’s Large Unmanned Surface Vessel (LUSV) competition. Lockheed Martin is partnering with Portland-based Vigor Works, LLC as the team’s shipbuilder. As prime contractor, Lockheed Martin will manage the program, deliver platform integration, systems engineering, combat management, automation and cyber solutions.

- Oct 2020- SZ DJI Technology Co. Ltd, unveiled at INTERGEO, two new payload solutions DJI Zenmuse P1 and DJI Zenmuse L1 for its flagship commercial drone platform Matrice 300 RTK, destined to serve the most demanding aerial surveying missions. The twp payloads are expected to be game-changers for the industry, bringing more efficiency and new perspectives at an affordable cost without compromising the quality and accuracy of the data collected for precise aerial inspections and data collection missions.

Key Market Trends:

Commercial End-user Industry is Expected to Hold a Significant Share

- Commercial enterprises and related businesses account for a massive portion of the economy, with the prosperous industry boasting huge budgets to spend on enhancing security. Thus, security robots in this sector offer an appealing and quantifiable value proposition.
- While billions of dollars are being spent on R&D in autonomous vehicles, indoor robots for commercial spaces reap the technology and cost benefits on sensors, computing, machine learning, and open-source software. With the increase in the budget for commercial security spending and availability of a largely untapped market, the security robots sector is anticipated to grow at a significant pace.

United States is Expected to Account for the Largest Share

- Owing to their advantages (like quality and reliability), the United States' security and surveillance forces are increasingly using unmanned solutions.
- In February 2020, The Security robot, Cobalt Robot, travels at about two miles per hour. If someone were to step in front of it, its sensors allow it to stop. It can patrol businesses, and a local company hopes businesses in Kansas and Missouri will start using it. Kenton Brothers Inc. is already using a Cobalt Robotics security robot to patrol its Kansas City company.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Security Robot Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Security Robot Market (%),2016 - 2026
- Security Robot Market Share, By Brand
- Security Robot Market Share, By Company
- Security Robot Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Security Robot Market Value Analysis & Forecast
- Promising Security Robot Development by Major Companies
- Detailed Security Robot Portfolio of the Major Companies
- Major Deals in the Security Robot Market
- Major Companies Analysis

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