Security Robot Market

Security Robot Market was valued at USD 2,250 Million in 2019 and is expected to register a CAGR of 14% during the forecast period.

Introduction of the Security Robot Market Report

Security robots are the type of robots with locomotive capabilities and are used to improve the quality of security in various sectors including defence, commercial, and residential. Security robots help in collecting data, detecting objects or people that are out of place, integrating with security cameras, reading vehicle license plates, and many more. Moreover, the information in the security robots is collected through an array of thermal sensors, infrared devices, cameras, radars, artificial intelligence, and others. The security robot market covers a wide range of products which includes unmanned aerial vehicles, unmanned ground vehicle, and autonomous underwater vehicle.

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Market Dynamic

Key Drivers and Emerging Trends

Rising concerns for security and growing demand for automation of processes are some of the major factors primarily driving the growth of the security robots market. In addition, growing adoption of robots in residential and commercial verticals including hospitals, shopping malls, educational institutes, and others for security purposes owing to various benefits such as enhanced safety, increased efficiency, reduced human errors, effective planning and search is further expected to boost the growth of the market. Rising geopolitical instabilities and terrorist attacks together along with the increasing adoption of unmanned vehicles and unmanned aerial vehicle solutions in the defence sector primarily due to the ability of security robots to move automatically in a restricted area is another factor that is expected to propel the market demand over the forecast period.

Rapid technological advancements that includes artificial intelligence, sensor technology, automation capabilities, nanotechnology, 3D vision technology, GPS, lasers, cloud computing, and neural network technology in security robots for monitoring and patrolling purposes are expected to provide lucrative development opportunities to the security robotics market over the forecast period. Furthermore, various institutions including Centre for Artificial Intelligence & Robotics (CAIR), India; International Federation of Robotics (IFR), Robotic Industries Association (RIA), Indian Underwater Robotics Society (IURS), and Swedish Robotics Society among others are contributing to the development and growth of the robotics technology, which is likely to support the growth of the security robotics market globally.

Restraint in the Security Robot Market

However, high investment required for the manufacturing, integration, and programming of security robotic solutions is expected to hamper the market during the forecast period. Moreover, the lack of a comprehensive regulatory framework is further anticipated to restraint the market growth of the security robots market.

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Type – Segment Analysis

Based on type, the unmanned ground vehicles segment is expected to grow at a higher CAGR in the security robot market primarily due to their increasing utilization in surveillance, search and rescue applications owing to their size, affordability and high survivability. Various companies including Knightscope, Inc., SMP Robotics, Cobalt Robotics, and OTSAW Digital Pte Ltd., offer a wide range of unmanned ground vehicles for security applications, which is likely to support the market growth.

End-Use Industry – Segment Analysis

Based on end-use industry, defence and military segment is projected to account for a notable share in the market. This can be attributed to the rising government investment in surveillance and security, increasing number of terrorist attacks and cross border conflicts, and rising adoption of drones, Unmanned Aerial Vehicles (UAV), Unmanned Ground Systems (UGS) for force protection, rescue operations, real time image transmission in war zones, and enemy tracking, among other applications in the military sector.

Application – Segment Analysis

Based on the application, the rescue operation application segment in anticipated to grow at a faster CAGR during the forecast period owing to the benefits of security robots in accessing unreachable areas, searching and mapping, removing rubble, delivering of supplies, medical treatment, and evacuating casualties during mining accidents, urban disasters, hostage situations, explosions, and natural calamities. For instance, the P4 SAR 300BASE Law Enforcement ROV System, by VideoRay LLC is specifically configured for search & rescue teams to perform a variety of basic underwater inspection and evidence location tasks quickly and effectively.

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Regional – Segment Analysis:

Based on region, North America is anticipated to witness higher CAGR in the security robot market during the forecast period. This can be attributed to numerous technological advancement, increasing use of advanced weapons and robotics technology in the defence sector, and the rising deployment of surveillance security robot in the commercial sector in the region. Moreover, presence of some of the leading players including Lockheed Martin Corporation, Northrop Grumman Corporation, Knightscope, Inc., and Cobalt Robotics among others are further supporting the market growth in the region.

Top Market Players

Several Leading players operating in the market include Lockheed Martin Corporation, Thales Group, BAE Systems Plc, Northrop Grumman Corporation, Elbit System Ltd., DJI, Hyundai Motor Company, Kongsberg Gruppen, Cobham Limited, and Knightscope, Inc., among others. 

Key Developments:

• • In 2020, DJI, one of the leading companies that provides civilian drones and aerial imaging technology, launched two new payload solutions namely DJI Zenmuse P1 and DJI Zenmuse L1 for its flagship commercial drone platform Matrice 300 RTK primarily to serve the aerial surveying missions.
  • In 2020, Hyundai Motor Group acquired the Boston Dynamics, one of the leading robotics design companies. This acquisition helped in bringing advancement in the robotics and mobility technology of the company.

Segments covered in the Report:

The global Security Robot Market has been segmented on the basis of type, end-use industry, application, and regions. Based on type, the market is segmented into unmanned aerial vehicle, unmanned ground vehicle, and autonomous underwater vehicle. Based on the end-use industry, the market is segmented into defence and military, residential, and commercial. Based on the application, the market is segmented into spying, explosive detection, patrolling, rescue operation, and others. 

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Key questions answered in this research report:

• • At what pace is global Security Robot Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Security Robot Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Security Robot Market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of global Security Robot Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Security Robot Market by Type

• • Unmanned Aerial Vehicle
  • Unmanned Ground Vehicle
  • Autonomous Underwater Vehicle

Global Security Robot Market by End-Use Industry

• • Defence and Military
  • Residential
  • Commercial

Global Security Robot Market by Application

• • Spying
  • Explosive Detection
  • Patrolling
  • Rescue Operation
  • Others

Global Security Robot Market by Region

• • North America Security Robot Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by End-Use Industry
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Security Robot Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by End-Use Industry
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Security Robot Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by End-Use Industry
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Security Robot Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by End-Use Industry
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Security Robot Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Lockheed Martin Corporation
  • Thales Group
  • BAE Systems Plc
  • Northrop Grumman Corporation
  • Elbit System Ltd.
  • DJI
  • Hyundai Motor Company
  • Kongsberg Gruppen
  • Cobham Limited
  • Knightscope, Inc.