Security Robot Market Trends Detailed Analysis of Current Industry Figures with Forecasts Growth By 2027

MarketStudyReport.com adds a new market research report titled Global Security Robot Market Size study, by Type (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Autonomous Underwater Vehicles), by Application (Spying, Explosive Detection, Patrolling, Rescue Operations, Others), by End-Use Industry (Defense and Military, Residential, Commercia) and Regional Forecasts 2020-2027

Global Security Robot Market to reach USD 4.0 billion by 2027.

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Global Security Robot Market is valued at approximately USD 2.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8% over the forecast period 2020-2027. 

Security robots are primarily intended to replace guarding security protectors and to deliver mobile CCTV (Closed-circuit television) monitoring. These security robot moves around a constrained area automatically, without immediate operator supervision.

Visions from its in-built cameras are transferred to the security station, which can help to gather information about the certain incident. Also, the improvement and technological development of neural network technology have given rise to these robots, as it improves the capability to learn over a period and enhance their functionality.

In addition, the insertion of distinct sensors has enhanced robot’s capabilities in assessing their environment and extending more consistent data. This factor has considerably aided their integration in military devices, thereby driving the market growth all over the world. Furthermore, the rise in military and defense budgets, along with the increasing geopolitical uncertainties and territorial conflicts are the few factors responsible for the high CAGR of the market during the forecast period.

For instance, the US government has proclaimed a base budget of around USD 671 billion for defense in 2021, representing a surge of USD 6 billion from 2020 (USD 665 billion). Similarly, the government of India announced the defense budget for 2020-2021 worth USD 73.65 billion, which is a hike of around 5.8% over the allocation for 2019-2020.

Thus, the rise in the military & defense budget can create a higher demand for security solutions, which further stimulated the demand for security robots. However, the stringent regulatory requirement, coupled with increasing concern regarding privacy and intrusion are the few major factors hampering the market growth over the forecast period of 2020-2027.

The regional analysis of the global Security Robot market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the larger number of deployments of security robots, followed by the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in terrorist attacks in public places and government bodies, coupled with the rise in security concern across developing countries, such as China and India, would create lucrative growth prospects for the Security Robot market across the Asia-Pacific region.

Major market player included in this report are:

Lockheed Martin Corp.

Northrop Grumman Corp.

Thales SA

BAE Systems PLC

Elbit Systems Ltd.

Leonardo SPA

AeroVironment Inc.

Knight Scope Inc.

SMP Robotics

Cobham PLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Unmanned Aerial Vehicles

Unmanned Ground Vehicles

Autonomous Underwater Vehicles

By Application:

Spying

Explosive Detection

Patrolling

Rescue Operations

Others

By End-Use Industry:

Residential

Commercial

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global Security Robot Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1.           Executive Summary

1.1.         Market Snapshot

1.2.         Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.     Security Robot Market, by Region, 2018-2027 (USD Billion)

1.2.2.     Security Robot Market, by Type, 2018-2027 (USD Billion)

1.2.3.     Security Robot Market, by Application, 2018-2027 (USD Billion)

1.2.4.     Security Robot Market, by End-Use Industry, 2018-2027 (USD Billion)

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2.           Global Security Robot Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3.           Global Security Robot Market Dynamics

3.1.         Security Robot Market Impact Analysis (2018-2027)

3.1.1.     Market Drivers

3.1.2.     Market Challenges

3.1.3.     Market Opportunities

Chapter 4.           Global Security Robot Market Industry Analysis

4.1.         Porter’s 5 Force Model

4.1.1.     Bargaining Power of Suppliers

4.1.2.     Bargaining Power of Buyers

4.1.3.     Threat of New Entrants

4.1.4.     Threat of Substitutes

4.1.5.     Competitive Rivalry

4.1.6.     Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2.         PEST Analysis

4.2.1.     Political

4.2.2.     Economical

4.2.3.     Social

4.2.4.     Technological

4.3.         Investment Adoption Model

4.4.         Analyst Recommendation & Conclusion

Chapter 5.           Global Security Robot Market, by Type


Complete report titled Global Security Robot Market Size study, by Type (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Autonomous Underwater Vehicles), by Application (Spying, Explosive Detection, Patrolling, Rescue Operations, Others), by End-Use Industry (Defense and Military, Residential, Commercia) and Regional Forecasts 2020-2027 of 200 pages and published in February, 2021 is now available at
https://www.marketstudyreport.com/reports/global-security-robot-market-size-research

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