Security Robot Market 2020: Worldwide Industry Overview, Market Size & Growth, Supply Demand and Shortage, Trends, Demand, Overview, Forecast 2023: 360 Research Reports

Security Robot

The Global Security Robot Market 2020-2023 Research Report provides idealistic and determined details of the Security Robot Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Security Robot market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.

The Security Robot Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023

  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Thales SA
  • BAE Systems PLC
  • Elbit Systems Limited
  • Leonardo SPA
  • Aerovironment Inc.
  • Knight Scope
  • DJI
  • SMP Robotics
  • Boston Dynamics
  • Cobham
  • Kongsberg Gruppen
  • Qinetiq
  • iRobot Corporation
  • RoboTex
  • Recon Robotics

The Security Robot Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Security Robot Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.

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Summary of Security Robot Market:

In 2017, the global security robot market was valued at USD 1.946 billion. The market is expected to register a CAGR of about 3.11% during 2020-2023 (the forecast period). Security robots are devices with locomotive capabilities, which can collect data for security purposes, and in some cases act upon this data, if required. This information is obtained through an array of different sensors, such as ultrasonic or infrared devices, cameras, radars, thermal sensors, and ‘others’. Developments, like K5 by Knightscope Inc., are indicating a potential for security robots. Earlier, these robots had insufficient capabilities, but with the improvements in sensor technology and automation capabilities, these robots have been developed to be useful in practical applications. The development and enhancements of neural network technology have also given these robots the capability to learn over time and improve their functionality. The inclusion of different sensors has improved the capabilities of robots in analyzing their environment and providing more reliable data. This factor has significantly benefitted their incorporation in military devices.

In addition, the remote sensing abilities provided by these robots (due to the inclusion of wireless sensors) are expected to boost their utilization in residential and commercial applications.

Increasing Usage of Robots in Security and Surveillance Applications is driving the Market

Robots are being preferred in to the surveillance market, to patrol shopping malls, parking lots, college campuses, and other public areas. Surveillance robots are mainly equipped with inertial, GPS, LiDAR, biomimetic, and ultrasound-based range sensors. Owing to the improvements in features and functionalities, they are also equipped with hyperspectral, thermal, and multispectral sensors. The emergence of hybrid UMV systems is identified as one of the key trends, which is expected to propel the growth prospects. Recent technological advancements in a wide range of sensors and their miniaturization, coupled with the increasing investments in the surveillance robots domain, is driving the growth in demand for surveillance robots across the country. For instance, Cornell University researchers formed a team to create an integrated network of diverse robots for security and surveillance. Security and surveillance robots boast of futuristic designs, which enable them to be put into diverse uses. This factor is expected to enable the US security robots market and gain immensely from the rising applications of the technology in the near future.

Spying Application Is Accelerating Market Growth

Spying applications are predominantly conducted by the military & defense sector. Night vision cameras, microphones, processors, and other wireless technologies, such as Bluetooth for communication, enable the drones and robots to be deployed for spying applications. Many robots are used in war field for various purposes, such as tracking the status of the enemy and knowing the supply of resources. They monitor the information and transfer the data to a remote PC or a TV using wireless technology. Innovations are enabling end-users to conduct more sophisticated reconnaissance missions. Insect spy drones are being developed, which can be equipped with cameras and microphones. Many other such micro air vehicles (MAVs) are being developed, integrated with advanced technologies, which could further fuel the growth of the spying robots market.

North America is dominating the Market Landscape

North America has been the major contributor for the security robots Market, internationally, owing to the advantages (like quality and reliability). The US security and surveillance forces are using the unmanned solutions. Over the past decade, the number of active conflicts has increased throughout the country, along with an increase in terrorist attacks in public places and schools. These geopolitical instabilities and territorial conflicts are likely to rise the need for security robots in the country over the forecast period. Also, due to the increase in terrorist activities, the rise in security concerns across the country is expected to drive the demand for security service robots in this region. With the upcoming security threats from North Korea, the country recently closed a deal, worth USD 4 billion, for the development of drones and fighter jets. Warrior robots and drones are yet to hit the US market and make their way into the tactics and strategy of the US army. However, in 2016, the US army was reported to spend around USD 521 million on robotics, of which about 79 % was spent on aerial drones. Only USD 20.6 million was spent on the purchase of unmanned ground vehicles in 2017, almost the entire remaining amount was spent for UGVs, in order to clear mines and roadside bombs. Further, nearly USD 91.4 million was spent on R&D activities— and 40% of the amount was spent on mine clearance. The Marine Corps is already testing a tracked robot outfitted with sensors and cameras, and armed with a M240 machine gun. Commercialization of this robot is expected to further increase the demand for security robots in this country.

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Reasons to Purchase this Report:

  • Rising safety concerns acting as a driver for the global security robots market
  • The various market perspectives, with the help of Porter’s five forces analysis
  • The application dominating the market
  • The regions expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

    The Security Robot Market 2020-2023 Analysis objectives of the report are:

    • To analyze Security Robot Market regarding growth trends, anticipation and also their participation in the entire sector.
    • To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
    • To know the Security Robot Market by distinguishing its many sub-segments.
    • To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
    • To profile the Leading players in the industry and analyze their growth plans.
    • To venture the amount and value of sub-markets, depending on key regions.
    • Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
    • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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    The growth of this market worldwide is subjected to various factors; including consumer world-class Security Robot Market of many Security Robot Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.

    In conclusion, Security Robot Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Security Robot Market competitors.

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