Press release
Security Robot Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2031
Market Overview:Security robots are autonomous robots used for security services such as patrolling, assisting security personnel and guarding facilities. They provide 24/7 monitoring and security by moving autonomously or by remotely controlled navigation system.
Market Dynamics:
Security robots play a crucial role in guarding sensitive areas such as airports, railway stations, warehouses and corporate buildings. Rising concerns over security issues and growing need for automation are expected to drive the demand for security robots. Additionally, increasing adoption of cutting-edge technologies such as artificial intelligence, 3D imaging and advanced sensors have enhanced the capabilities of security robots for complex security operations. The ease of use and mobility offered by security robots make them a cost-effective substitutes compared to human security personnel. Hence, these factors are anticipated to fuel the market growth over the forecast period.
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Top Companies Covered In This Report:
Recon Robotics Inc., Lockheed Martin Corporation, RoboTex Inc., Northrop Grumman Corporation, QinetiQ, Thales SA, Kongsberg Gruppen, BAE Systems PLC, FLIR Systems Inc., Elbit Systems Limited, Boston Dynamics Inc., Leonardo SpA, SMP Robotics, AeroVironment Inc., DJI, and Knight Scope
Detailed Segmentation:
Key Region/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA).
Adoption of Open Platform Models is Driving Security Robot Industry Trends
Traditionally security robots were proprietary systems designed for niche vertical markets with closed hardware/software architecture. But now an emerging trend is the development of open platform models - where manufacturers provide modular, customizable and scalable security robots that can be programmed and integrated as per the specific operational requirements of user organizations through open APIs. This makes the systems future-proof to adopt new features. The open platform approach also reduces upfront capital costs through pay-as-you-grow subscription models. It encourages developers to build versatile third party applications as well. Ultimately an ecosystem of multiple partners innovating on open platforms will help accelerate the large scale commercial and industrial deployment of affordable security robots.
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The Growth of Remote Security Needs is Driving the Security Robot Market
Due to the rise of work from home culture and remote asset protection needs during the global pandemic, there has been an increased demand for remote monitoring and security solutions without human intervention. Security robots with capabilities like mobile video surveillance, access control and patrol can address this demand effectively by providing real-time situational awareness to security teams even when physical security guards cannot be deployed on-site 24x7. Technologies like computer vision, IoT and AI further help security robots to monitor premises autonomously without the need for active monitoring by security personnel. This driving need for Contactless and unmanned security solutions is a major factor fueling the adoption of security robots globally.
Rising Labor Costs are Scaling Up the Security Robot Investments
Wit the overall cost of securing a premises or site rising predominantly due to increasing labor costs for human security guards, organizations are interested in security robot solutions as an affordable alternative. Robots can work tirelessly in shifts without additional benefits or overtime pay unlike human guards. For large campus style properties with multiple entry/exit points like corporate parks, manufacturing facilities and warehouses, the Total Cost of Ownership (TCO) of deploying multiple robots for 24/7 surveillance is much lower compared to hiring that many security guards. This makes security robots an attractive proposition for enterprises and institutions looking to optimize security budgets without
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The report answers a number of crucial questions, including:
Which companies dominate the global Security Robot market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the Security Robot market economy globally?
Some of the Major Points of TOC cover:
Chapter 1: Techniques & Scope
1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources
Chapter 2: Latest Trends Summary
2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends
Chapter 3: Security Robot Industry Insights
3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape
Chapter 4: Security Robot Market, By Region
Chapter 5: Company Profiles
5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook
Chapter 6: Assumptions and Acronyms
Chapter 7: Research Methodology
Chapter 8: Contact (Continue . . .)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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