Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.03 Billion | USD 46.06 Billion | 14.24% | 2023 |
The global security robot market size was worth around USD 14.03 billion in 2023 and is predicted to grow to around USD 46.06 billion by 2032 with a compound annual growth rate (CAGR) of roughly 14.24% between 2024 and 2032.
The report covers a forecast and an analysis of the security robot market on a global and regional level. The study provides historical data for 2018 to 2022 and a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints of the security robot market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the security robot market on a global level.
In order to give the users of this report a comprehensive view of the security robot market, we have included a detailed competitive scenario and product portfolio of the key vendors. An analysis of Porter’s Five Forces Model has also been included to understand the competitive landscape in the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Security robots are designed to provide mobile CCTV monitoring and replace patrolling guards. Security robots are able to move around a restricted area without human interaction. They can also send images from their built-in cameras to the monitoring center.
With rapid advancements in technology, the adoption of unmanned vehicles and aircraft solutions in the defense sector have increased. In the past decades, the unmanned systems in the military sector are utilized across all domains—ground, air, and surface. With the fast-paced growth of the developing economies around the world, the demand for unmanned vehicles is surging. This up-gradation in technologies is not only shifting the face of warfare but also changing the decision-making process in combat operations. The unmanned vehicles are evolving at a much faster pace to deliver enhanced war machines in multi-domain battles. These are some factors driving the security robot market growth in the years ahead. However, concerns related to the database memory of artificial intelligence in military unmanned armed vehicles can lead to unwanted target for the weapons. This may become a major restraint for the security robot market in the future.
The global security robot market is segmented based on type, component, application, end–user, and region.
The type segment includes autonomous underwater vehicle, unmanned aerial vehicle, and unmanned ground vehicle.
By component, the security robot market camera system, propulsion system, navigation and control system, guidance, frame, and others.
Based on application, the market for security robot is classified into rescue operations, patrolling and surveillance, firefighting, explosive detection, spying, and others.
On the basis of end-user, the security robot market is categorized into commercial, residential, and defense and military.
Report Attributes | Report Details |
---|---|
Report Name | Security Robot Market |
Market Size in 2023 | USD 14.03 Billion |
Market Forecast in 2032 | USD 46.06 Billion |
Growth Rate | CAGR of 14.24% |
Number of Pages | 235 |
Key Companies Covered | Thales, Recon Robotics, DJI, Northrop Grumman, Kongsberg Gruppen, Cobham, Finmeccanica, Elbit Systems, Knightscope, AeroVironment, BAE Systems, Irobot Corp., Lockheed Martin, QinetiQ Group, and others. |
Segments Covered | By Type, By Component, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, North America is the major contributor to the global security robot market. Over the last few decades, the number of conflicts has increased throughout the country along with rising terrorist attacks in public places and schools. Moreover, they are also working in rescue boats that would help trapped victims. The rising demand for safety in industries, such as manufacturing, transportation, and logistics, is also expected to drive the security robot market in the region. The Asia Pacific security robot market is expected to witness notable growth in the future, owing to the rise in the number of terrorist attacks, illegal immigration, infiltration, and criminal activities, mainly in China, India, and Japan.
The global security robot market is dominated by players like:
This report segments the global security robot market into:
Global Security Robot Market: Type Analysis
Global Security Robot Market: Component Analysis
Global Security Robot Market: Application Analysis
Global Security Robot Market: End-User Analysis
Global Security Robot Market: Regional Analysis
FrequentlyAsked Questions
Security robots are essentially machines that automate security tasks. They can be mobile or stationary, and use cameras, sensors, and sometimes even alarms to patrol areas, deter crime, and potentially even apprehend suspects.
According to a study, the global security robot market size was worth around USD 14.03 billion in 2023 and is expected to reach USD 46.06 billion by 2032.
The global security robot market is expected to grow at a CAGR of 14.24% during the forecast period.
North America is expected to dominate the security robot market over the forecast period.
Leading players in the global security robot market include Thales, Recon Robotics, DJI, Northrop Grumman, Kongsberg Gruppen, Cobham, Finmeccanica, Elbit Systems, Knightscope, AeroVironment, BAE Systems, Irobot Corp., Lockheed Martin, and QinetiQ Group, among others.
The security robot market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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