Report ID: SQMIG45J2202
Security Robots Market Size, Share, Growth Analysis, By Type(UAV, UUV, and UGV), By Application(Patrolling, spying, demining, firefighting), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2202 |
Region:
Global |
Published Date: February, 2024
Pages:
197
|Tables:
65
|Figures:
75
Security Robots Market Insights
Global Security Robots Market size was valued at USD 32.22 billion in 2021 and is poised to grow from USD 37.26 billion in 2022 to USD 119.24 billion by 2030, growing at a CAGR of 15.65% in the forecast period (2023-2030).
The global security robot market has grown tremendously due to rapid advancements in automation, sensor technology, and neural network technologies.
These developments have enabled security robots to learn over time and increase their performance to create a well protected system. The addition of sensors enables more accurate environmental analysis, allowing robots to monitor and detect potential threats in terrain and challenging environments.
Outstanding examples such as Nightscope's K5 day capability advanced display, make these robots more useful for a variety of applications.
Despite their massive data collection capabilities, privacy invasion concerns remain as these robots are equipped with multiple cameras that capture licenses, serial numbers, and heat signatures, but perceived reliability, corruption resistance, and global costs include supermarkets, parking lots, and universities. It has been increasingly used in the workplace and there is an ongoing challenge in the potential of security robots to scale up to enhance public safety and manage privacy.
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Security Robots Market Segmental Analysis
Global security robots market is segmented on the basis of type, application, and region. By type, the market is segmented into UAV, UUV, and UGV. By application, the market is segmented into patrolling, spying, demining, firefighting, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The UAV segment is poised to account for the largest share of the revenue during the forecast period, owing to the advancements in safety contributing to its robust growth, achieved by unmanned aerial vehicles (UAVs). Due to high quality aerial photography and film capabilities, which are especially useful for detecting risks in disaster areas such as cracks or faults, remote monitoring of UAVs makes it easier to maintain and inspect in challenging environments, and commands the importance in areas such as industry, oil and gas and promotes public safety.
At the same time, the UUV segment is expected to maintain consistent revenue growth throughout the forecast period. Unmanned Underwater Vehicles (UUVs), commonly referred to as underwater drones, operate unmanned and can be controlled directly by the operator or UUV demand will remain because of its excellent navigation in underwater environments. The increased attention and demand for safety robots with UAVs stems from their versatility in different industries. The integration of advanced technologies such as artificial intelligence, computer vision, and autonomous guidance systems will enhance the safety and inspection capabilities of these robots, driving segment revenue.
Analysis By Application
In 2022, the patrolling industry has emerged as a key contributor to revenue due to increased demand for security systems in the retail sector and government funds that could invest in the security robot surveillance industry by 2022. SEO, a South Korean company introduced 'ARVO' security work robot. Airvio Gasti Inspection facilities such as irrigation systems, high autobiography, sound monitoring, painting and stable facilities, etc. for commercial residential security protection systems and nurtures in revenue.
Meanwhile, the spying segment recorded the second largest revenue share by 2022 and is expected to post a compound annual growth rate (CAGR) during the forecast period, driven by demand trends, especially from the terrorist groups’ security agency. The tracking of locations, which extends to planning interventions in disaster-affected areas inaccessible to humans, is seeing increasing demand and increasing intelligence community revenues have increased dramatically.
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Security Robots Market Regional Insights
In 2022, the Asia-Pacific region emerged as the major contributor to the global security robots market, accounting for the highest revenue. The strong growth of this segment is mainly driven by the demand for safety robots in defense and military industries, especially in countries like India, China, and Japan. The market expansion is largely driven by security concerns and technological advancements. The use of sophisticated security systems such as robots, drones, AI-powered automated industrial robots, etc. has generated huge investments, especially in India, China, and Japan. These systems aim to reduce security risks, leading to a significant increase in market share.
In Europe, which secured the second one-biggest sales share in 2022, full-size investments in superior security measures, and good sized adoption of safety robots and AI-driven answers contribute to the market boom. Factors together with geopolitical instability, terrorist conflicts, and the growing need for protection in monetary sectors like manufacturing, transportation, and logistics further power market expansion within the vicinity. The European market is predicted to maintain a constant revenue growth charge, supported by rising demand for self reliant structures in each protection and commercial sectors. The presence of key market players and strategic tasks, exemplified by SMP Robotics' enlargement into Germany in September 2021, complements the area's marketplace dynamics.
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Security Robots Market Dynamics
Drivers
Surge in Global Defense Expenditures
- The Global Security Robots Market is experiencing an awesome upswing because of the escalating defense expenses of nations worldwide. Nations are leveraging modern-day technology to give a boost to their borders, in particular in opposition to underwater threats. The contemporary worldwide landscape is marked by a surge in challenges posed by pirates, terrorists, and seafarers disrupting marine borders. According to the UN, the year 2019 witnessed approximately 580 ships navigating the approximately 2,800-kilometer coastline of South Africa, contributing to a rise in transnational crimes at sea. This not only adversely impacted the US’s revenue but also fueled illicit activities consisting of the smuggling of small palms, light guns, drugs, and human trafficking. In reaction to those threats, there was an enormous boom in defense spending globally. Defense forces are increasing a number of Unmanned Underwater Vehicles (UUVs) for diverse functions, along with mine countermeasures, fast environmental assessment, intelligence, surveillance, reconnaissance activities, harbor safety duties, port clearance operations, and anti-submarine battle. Consequently, the worldwide marketplace for security robots, specifically UUVs, is poised to increase as those technologies play a pivotal function in addressing underwater safety threats in the years to come.
Restraints
Reliability of Security Robots
- The reliability of security robots is an important factor hindering their extensive adoption in military operations. Failures in these robots can stem from numerous resources, which include design, era, production, surroundings, and operations. It is vital to implement effective precautionary measures and contingency plans to address capability screw ups. In the event of a breakdown, arrangements ought to be in place for the transportation of malfunctioning security robots lower back to the base station. The unreliability of these robots in terms of functionality poses a massive hindrance in military and covert operations, as it may lead to the compromise and loss of confidential statistics, rendering them prone to exploitation via enemy forces. Currently, enhancing the reliability of Unmanned Ground Vehicles (UGVs) requires extensive monetary investments, as exemplified via specialized programs just like the Mars Rover, which boasts high reliability, however is designed for particular obligations which include space exploration missions. Looking in advance, the importance of protection and repair for protection robots is predicted to develop, but upgrades of their reliability are anticipated to be an extended system.
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Security Robots Market Competitive Landscape
The global security robots market functions as a dynamic competitive landscape characterized by means of the presence of key players striving for market dominance. Leading companies together with Knightscope Inc., SMP Robotics, and different superb gamers retain to spend money on research and improvement to beautify their product offerings. Strategic initiatives, which include partnerships, collaborations, and expansions, play a pivotal role in shaping the competitive dynamics of the marketplace. Additionally, improvements in automation, sensor technology, and artificial intelligence in addition accentuate competition by way of fostering innovation. The market witnesses a non-stop influx of new entrants, contributing to accelerated competition. As protection concerns expand globally, the opposition inside the Security Robots Market is expected to remain fierce, with agencies vying to provide superior and dependable solutions to cater to the various desires of defense, commercial, and public sectors.
Top Player’s Company Profiles
- Knightscope Inc.
- SMP Robotics
- Boston Dynamics
- iRobot Corporation
- Northrop Grumman Corporation
- Thales Group
- QinetiQ Group plc
- Cobham plc
- Elbit Systems Ltd.
- FLIR Systems, Inc.
- Lockheed Martin Corporation
- BAE Systems plc
- Aerovironment Inc.
- L3Harris Technologies, Inc.
- General Dynamics Corporation
- ReconRobotics, Inc.
- ECA Group
- Kongsberg Gruppen ASA
- SAAB AB
- CNIM Group
Recent Developments
- In August 2022, Hyundai Motor Group unveiled the establishment of the Boston Dynamics AI Institute, signaling a significant commitment with a USD 400 million investment. Positioned as a research-centric entity, the institute aims to drive fundamental advancements in AI, robotics, and intelligent machines. By assembling a team of elite professionals spanning AI, machine learning, robotics, computing, and engineering, the institute is poised to address critical challenges in the development of advanced robots. The overarching goal is to harness cutting-edge technology to enhance the functionality and capabilities of robots, thereby expanding their utility.
- In March 2022, Halodi Robotics secured an agreement to supply 140 humanoid robots to ADT Commercial, a prominent U.S.-based provider of commercial security, fire, life safety, and risk consulting services. ADT Commercial, engaged in multiple customer pilot programs aimed at testing and refining robot capabilities, announced plans to make these robots available to enterprise customers by late 2022. This strategic move aligns with the broader industry trend, emphasizing the integration of robotics into commercial security solutions.
Security Robots Key Market Trends
- A notable trend driving market growth is the surge in innovations within the robotics sector. The pace of advancements in robotics is escalating, providing substantial support to market expansion. An illustrative example is the Afghan all-girls robotics team, which successfully created a pair of robots designed for the identification and neutralization of landmines. With the potential for deployment as security robots in regions requiring landmine detection, such groundbreaking innovations underscore the diverse applications within the field. The ongoing wave of inventive efforts in robotics is expected to foster increased demand for security robots across various domains. This trend is anticipated to persist and further shape the market landscape in the years to come.
- An emerging trend in the market is the expanding applications of security robots in de-mining operations, aimed at ensuring the utmost safety for personnel involved. Notably, there has been a reported increase in the deployment of security robots for de-mining purposes. For instance, in December 2020, the Russian Defense Ministry utilized the Uran-6 multifunctional robotic system for demining the vicinity around Stepankert Airport. The implementation of this robotic complex resulted in heightened efficiency in clearing the area of explosive objects. Consequently, the growing prevalence of security robots in de-mining applications is poised to contribute to the overall growth of the global security robot market throughout the forecast period.
Security Robots Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global security robots market is experiencing notable growth propelled by several key factors. Rising defense spending across the world, particularly in countries like India, China, and Japan, is driving demand for security robots in defense and military sectors. The escalating threats from pirates, terrorists, and seafarers along marine borders are prompting nations to invest in advanced technologies, including security robots, to enhance border security. Notably, the application of security robots in de-mining operations is a growing trend, contributing to increased safety and efficiency in such critical tasks. Innovations in the robotics field, exemplified by initiatives like the Boston Dynamics AI Institute and the development of robots for demining by the Afghan all-girls robotics team, underscore the dynamic nature of the market. However, challenges persist, with concerns about the reliability of security robots, particularly in military operations, acting as a critical restraining factor.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 32.22 billion |
| Market size value in 2030 | USD 119.24 billion |
| Growth Rate | 15.65% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Security Robots Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Security Robots Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Security Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Security Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Security Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Security Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Security Robots Market Report Snapshots
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