Security Robot Market Market 2022 Size & Industry Forecast by 2027

Security Robot Market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

Security Robot Market is envisaged to record an expansion at the CAGR of 9% over the forecast period, 2022 - 2028

Competitive Landscape:

 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:

- 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.

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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. - Over the past decade, the number of active disputes has increased throughout the country, along with an increase in terrorist attacks in public places and schools. These geopolitical instabilities and territorial disputes have resulted in the growing need for security robots in the country over the forecast period. Due to the rise in terrorist activities, the rise in security concerns across the country is also expected to drive security service robots in the country.

Scope of the Report

- Security robots are machines with locomotive capabilities, which can collect data for security purposes, and in some cases, act upon this data if required. This information is collected through an array of different sensors, such as ultrasonic or infrared devices, cameras, radars, thermal sensors, and 'others.'
- Developments, like K5 by KnightscopeInc., are indicating a potential future scope for security robots. Earlier, these robots had insufficient capabilities; however, with advances in sensor technology and automation capabilities, these robots have been developed to be useful in working applications.

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.

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Highlights about Security Robot Market report coverage:

- A complete background analysis, which includes an assessment of the Global Security Robot Market.

- Important changes in Security Robot Market dynamics

- Security Robot Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Security Robot Market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Security Robot Market industry developments

- Security Robot Market shares and strategies of key players

- Emerging niche Security Robot Market segments and regional markets

- An objective assessment of the trajectory of the Security Robot Market .

- Recommendations to companies for strengthening their foothold in the Security Robot Market .

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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