Press release
Security Robots Market to Reach US$ 20.4 Billion by 2028 | CAGR of 12.3%
According to the latest report by IMARC Group, titled "Security Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global security robots market size reached US$ 9.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.Security Robots Industry Outlook:
Security robots are computer-operated machines that are integrated with advanced technologies, such as artificial intelligence (AI), streaming video, and other connected technologies to conduct surveillance and perform security-related duties. They are equipped with high-definition (HD) cameras, electric motors, and cutting-edge, high-capacity batteries. These robots are capable of independently moving along foot patrol routes and are available in different forms, including unmanned aerial vehicles, unmanned ground vehicles, and unmanned underwater vehicles. They are utilized to identify any abnormal or suspicious behavior within a surveillance area and provide prompt and pertinent information to mitigate potential security threats. They can also integrate with other security systems, including access control and alarm systems, to provide a comprehensive security solution. They are used in a variety of applications, such as spying, explosive detection, firefighting, demining, rescue operations, transportation, and patrolling.
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Global Security Robots Market Trends:
The increasing demand for automated security solutions is driving the global market. This can be attributed to the rising security concerns and the need to protect property and assets from security threats. Furthermore, the increasing investments by governments and private organizations in developing and deploying security robots are providing a boost to the market. Apart from this, the wide adoption of security robots for patrolling surveillance areas, reporting, investigating, and unauthorized access detection in public places, including airports, railway stations, and offices is impacting the market favorably. Moreover, several leading players are employing advanced technologies of neural networks, that help these robots in learning over time and improve their functionality, creating a positive market outlook. The market is further driven by extensive research and development (R&D) activities and continuous advancements in robotics technology.
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Key Market Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
• AeroVironment Inc.
• BAE Systems plc
• Boston Dynamics (Hyundai Motor Group)
• Cobham Limited (Meggitt PLC)
• Elbit Systems Ltd.
• Knightscope Inc.
• Kongsberg Gruppen
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• QinetiQ
• SMP Robotics Systems Corp
• Thales Group and The Boeing Company.
Breakup by Component:
• Propulsion System
• Frames and Sensors
• Camera Systems
• Guidance and Navigation Control System
• Power Systems
• Others
Breakup by Type:
• Unmanned Ground Vehicle
• Unmanned Aerial Vehicle
• Autonomous Underwater Vehicle
Breakup by Application:
• Spying
• Patrolling
• Explosive Detection
• Rescue Operations
• Others
Breakup by End User:
• Defense and Military
• Residential
• Commercial
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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