The latest market intelligence report, titled ‘Global Security Robot Market’, is intended to provide the target audience with the necessary information about the global Security Robot Market industry. The report comprises a detailed analysis of the vital elements of the Security Robot Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Security Robot Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline.
The global security robot market size reached USD 26.98 Billion in 2021 and is expected to register a revenue CAGR of 17.4% during the forecast period. Rising adoption of security robots in monitoring and security applications is driving revenue growth for the market. They are slowly but surely finding their way into the surveillance industry, where they are used in parking lots, college campuses, and malls, among other public places, to be patrolled.
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For example, Knightscope’s new model K5 is an intelligence-powered robot that stands just over 5 feet tall and slowly roams around at about a human speed, with cameras capturing a constant 360-degree view. The market is expanding as a result of recent advancements in a variety of sensors miniaturized technologies, as well as an increase in investments in Research and Development (R&D) of these robots, which is a key factor driving market revenue growth of the security robot.
Rising trend for the adoption of security robots in underwater operations is a major factor driving market revenue growth. Shipwreck investigation, pipeline repair, inspections, oceanographic sampling, underwater archaeology, under-ice survey, and investigation of natural phenomena including storms and tsunamis are examples of applications in the military, industry, and sciences.
The report is updated with the impact of the COVID-19 pandemic on the Security Robot market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Security Robot market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Security Robot market.
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The report further sheds light on the competitive landscape of the Security Robot market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Key Companies Profiled in the Report:
AeroVironment Inc., Lockheed Martin Corporation, Ava Robotics Inc., Leonardo S.p.A., SMP Robotics, Thales, BAE Systems, Boston Dynamics, Knightscope, Inc., and Northrop Grumman Corporation.
Emergen Research has segmented the global security robot market on the basis of type, application, component, end-use, and region:
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Type Outlook (Revenue, USD Billion; 2019-2030)
- Ground Robots
- Areal Robots
- Underwater Robots
- Others
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Application Outlook (Revenue, USD Billion; 2019-2030)
- Spying
- Demining
- Patrolling & Surveillance
- Firefighting
- Others
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Component Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
- Software
- Services
-
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Defense & Military
- Residential
- Commercial
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The Global Security Robot Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Security Robot market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
What will be the estimated growth rate of the Security Robot market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Security Robot market throughout the forecast period?
What are the current and future market trends of the Security Robot market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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