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Global Security Robot Market 2020 Latest Industry Growth Analysis by Upcoming Trends, Emerging Technology by Regions, Supply and Forecast 2024

Security Robot

The “Security Robot Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Security Robot market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Security Robot market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Security Robot market that will impact the demand during the forecast period.

Scope of the Report:

Security robots are designed to replace patrolling security guards and to provide mobile CCTV monitoring. A security robot moves around a restricted area automatically, without direct operator supervision. Images from its built-in cameras are transmitted to the security station.

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Market Overview:

  • The market was valued at USD 2.106 billion in 2018 and is expected to reach USD 3.33 billion by 2024, at a CAGR of 7.93% over the forecast period (2019-2024). The inclusion of different sensors has also improved the capabilities of robots in analyzing their environment and providing more reliable data. This has significantly benefitted their incorporation in military devices.
  • Robots are moving steadily into 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.
  • Robots built by leading manufacturers are at aritical risk of being hacked and pose a severe threat to people and property.
  • In addition, the remote sensing abilities provided by these robots (owing to the inclusion of wireless sensors) are also expected to result in the growth of their residential and commercial applications.

    Some of the Top Key Players of Security Robot Market Report Are:

  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Thales SA
  • BAE Systems PLC
  • Elbit Systems Limited
  • Leonardo SPA
  • Aerovironment Inc.
  • Knight Scope, Inc.
  • SZ DJI Technology Co., Ltd
  • SMP Robotics
  • Boston Dynamics Inc.
  • Cobham PLC
  • Kongsberg Gruppen
  • Qinetiq Group PLC company
  • RoboTex Inc.
  • Recon Robotics Inc.

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Commercial End-User Industry Expected to Hold Significant Share

    Commercial enterprises and related business account for a massive portion of the economy, with the prosperous industry boasting huge budgets to spend on enhancing security. Thus, security robots in this sector offer an appealing and quantifiable value proposition.
    While billions of dollars are being spent on R&D in autonomous vehicles, indoor robots for commercial spaces reap the technology and cost benefits on sensors, computing, machine learning, and open-source software. With the increase in the budget for commercial security spending and availability of a largely untapped market, the security robots sector is anticipated to grow at a significant pace.
    The trend of indoor robots is gaining wide popularity in the market, with their diverse range of applications across different sectors, such as offices and hospitals, among others.
    Robots have the potential to deliver a range of safety and commercial benefits, and the companies in the market are developing novel robotic systems for specific applications

    United States Account for the Largest Share

    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 have resulted in the growing need for security robots in the country over the forecast period. Owing to an increase in terrorist activities, the increase in security concerns across the country is also expected to drive the demand for security service robots in this region.
    Unmanned aerial vehicles (UAVs) are finding a way into defense forces in the country, for a plethora of operations, such as sensor deployment, delivery of ammunition, mine countermeasure, explosive ordnance disposal, intelligence, surveillance, and reconnaissance and anti-submarine warfare, among others.
    Warrior robots and drones are yet to hit the US market and are yet to make their way into the tactics and strategy of the US army. However, it was reported that the US army spent USD 521 million on robotics in 2017, of which 79 % was spent on aerial drones. Only USD 20.6 million was spent on the purchase of unmanned ground vehicles in 2017, almost all of the remaining amount was spent on UGVs, in order to clear mines and roadside bombs. Further, USD 91.4 million was spent on R&D — 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 an M240 machine gun. Commercialization of this robot is expected to further increase the demand for security robots in this country.

    The Report Covers:

    • Comprehensive research methodology of Security Robot market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Security Robot market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Security Robot Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Usage of Robots In Security And Surveillance Applications
    4.3.2 Rising Safety Concerns
    4.4 Market Restraints
    4.4.1 Rising Concern Of Privacy And Intrusion
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porters Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type Of Robot
    5.1.1 Unmanned Aerial Vehicles
    5.1.2 Unmanned Ground Vehicles
    5.1.3 Autonomous Underwater Vehicles
    5.2 By End-User Industry
    5.2.1 Defense and Military
    5.2.2 Residential
    5.2.3 Commercial
    5.3 By Application
    5.3.1 Spying
    5.3.2 Explosive Detection
    5.3.3 Patrolling
    5.3.4 Rescue Operations
    5.3.5 Other Applications
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 South Korea
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 Latin America
    5.4.4.1 Brazil
    5.4.4.2 Mexico
    5.4.4.3 Rest of Latin America
    5.4.5 Middle East and Africa
    5.4.5.1 UAE
    5.4.5.2 Saudi Arabia
    5.4.5.3 South Africa
    5.4.5.4 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Lockheed Martin Corporation
    6.1.2 Northrop Grumman Corporation
    6.1.3 Thales SA
    6.1.4 BAE Systems PLC
    6.1.5 Elbit Systems Limited
    6.1.6 Leonardo SPA
    6.1.7 Aerovironment Inc.
    6.1.8 Knight Scope, Inc.
    6.1.9 SZ DJI Technology Co., Ltd
    6.1.10 SMP Robotics
    6.1.11 Boston Dynamics Inc.
    6.1.12 Cobham PLC
    6.1.13 Kongsberg Gruppen
    6.1.14 Qinetiq Group PLC company
    6.1.15 RoboTex Inc.
    6.1.16 Recon Robotics Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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