Security Robots Market Research Report- Global Forecast till 2027

Market Research Future (MRFR)’s latest study reveals that the global security robots market is set to reach USD 3,359.2 million by 2027. It is expected to register a CAGR of about 7.93% during the forecast period (2018-2027). Security robots are devices with locomotive capabilities that collect data for security purposes. It is observed that the global market is highly competitive with various key players expanding business operations at an international as well as regional levels.

The high market growth can be attributed to increasing geopolitical instabilities and territorial conflicts. Improvements in sensor technology and automation capabilities have led to heavy usage of security robots in various applications. Apart from this, enhancements of neural network technology have also given these robots the capability to learn over time and improve their functionality. Moreover, the incorporation of security robots in military bases has significantly increased due to their improved capabilities. These sensors help the robots in analyzing their environment and providing more reliable data. The remote sensing abilities of these robots can be used in safeguarding the premises and detecting unwanted threats.

However, despite the market growth, lack of a comprehensive regulatory framework can impede the market growth to a certain extent. Despite this hindrance, the market is well on its way to expand due to growing defense expenditure coupled with the adoption of autonomous security robots.

Key Players

The key players in the global security robots market are Elbit Systems Ltd. (Israel), L3 Harris Technologies, Inc. (US), DJI (China), Northrop Grumman Corporation (US), QinetiQ Group plc (UK), Knightscope, Inc. (US), AeroVironment, Inc. (US), Leonardo SpA (Italy), ReconRobotics, Inc. (US), and Lockheed Martin Corporation (US).

 

Security Robots Market Research Report: by Type (Unmanned Aerial Vehicle, Unmanned Underwater Vehicle, Unmanned Ground Vehicle), Application (Explosive Detection, Patrolling & Surveillance, Rescue Operations, Firefighting, Others) Component (Guidance, Navigation and Control System, Propulsion System, Camera System, Frame, Other Payloads) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027 @ https://www.marketresearchfuture.com/reports/security-robots-market-865