Security Robot Market by Type of Robot (Unmanned Aerial Vehicle, Unmanned Ground Vehicle, and Unmanned Underwater Vehicles), Component, Application, End User and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global security robot market size was valued at $1.98 billion in 2020, and is projected to reach $3.41 billion by 2026, growing at a CAGR of 9.5% during the forecast period.

• Advances in sensor technology and automation capabilities, development and improvements of neural network technology, and rising trend of autonomous operations are the factors expected to propel the security robot market growth.

• Additionally, the development of new technologies has also significantly improved the capabilities of these robots. Presently, they can be deployed on challenging terrains and environments to perform surveillance and other actions based on analytics. The inclusion of different sensors in security robots has improved the capabilities of robots in analyzing their environment and providing more reliable data.

• Moreover, developments, like K5 by Knightscope Inc., are indicating a potential future scope for security robots. Earlier, these robots had insufficient capabilities; however, with, these robots have been developed to be useful in working applications.

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. Security robots are machines with locomotive capabilities, which can collect data for security purposes, and in some cases, act upon this data if required.

By End User, the Commercial Segment to Experience Dynamic Growth

The commercial segment made its prominence during the forecast period. Commercial enterprises and related businesses 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.

By Geography, Asia Pacific Region is Projected to Strong Presence in the Global Market

Asia Pacific is also projected to remain a major growth pocket globally. The number of active disputes, along with an increase in terrorist attacks in public places and schools, has increased throughout the nation. The growing need for security robots in the country over the forecast period has resulted from these geopolitical instabilities and territorial disputes. The rise in security concerns across the nation is also expected to drive security service robots in the region because of the increase in terrorist activities.

List of the Key Players Profiled in the Market Include:
• AeroVironment Inc.
• BAE Systems plc
• Cobham Ltd.
• Elbit Systems Ltd.
• Knightscope Inc.
• Leonardo S.p.A.
• Lockheed Martin Corp.
• Northrop Grumman Corp.
• SMP Robotics Systems Corp.
• Thales Group

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type of Robot:
• Unmanned Aerial Vehicle
• Unmanned Ground Vehicle
• Unmanned Underwater Vehicles

Market by, Component:
• Camera systems
• Controller Systems
• Frames
• Navigation Vehicles
• Power Systems
• Sensors
• Other Components

Market by, Application:
• Demining
• Explosive Detection
• Firefighting
• Patrolling
• Rescue Operations
• Spying
• Transportation
• Other Applications

Market by, End User:
• Commercial
• Defense and Military
• Residential

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview    
    1.1 Introduction   
    1.2 Research Objectives  
    1.3 Market Segmentation  
    1.4 Stakeholders   
    1.5 List of Acronyms   
      
2 Executive Summary    
      
3 Research Methodology   
    3.1 Identification of Data  
    3.2 Evaluation of Market Dynamics 
    3.3 Collaboration of Data  
    3.4 Verification and Analysis  
    3.5 Data Sources   
    3.6 Assumptions   
      
4 Market Dynamics    
    4.1 Market Drivers   
            4.1.1 Rising Trend of Autonomous Operations
            4.1.2 Rising Geopolitical Instabilities and Territorial Conflicts
    4.2 Market Restraints   
            4.2.1 Stringent Rules and Regulations for the use of Security Robots
    4.3 Market Opportunities  
            4.3.1 Increasing Adoption of Unmanned System Solutions By Different Military and Defense Forces
    4.4 Market Challenges   
            4.4.1 Development of High-Quality and Reliable Solutions
    4.5 Impact of COVID-19 on Security Robot Market
      
5 Porter's Five Force Analysis   
    5.1 Bargaining Power of Suppliers  
    5.2 Bargaining Power of Buyers  
    5.3 Threat of New Entrants  
    5.4 Threat of Substitutes  
    5.5 Competitive Rivalry in the Market 
      
6 Global Security Robot Market by, Type of Robot 
    6.1 Overview   
    6.2 Unmanned Aerial Vehicle  
    6.3 Unmanned Ground Vehicle  
    6.4 Unmanned Underwater Vehicles 
      
7 Global Security Robot Market by, Component 
    7.1 Overview   
    7.2 Camera systems   
    7.3 Controller Systems   
    7.4 Frames    
    7.5 Navigation Vehicles   
    7.6 Power Systems   
    7.7 Sensors    
    7.8 Other Components   
       
8 Global Security Robot Market by, Application 
    8.1 Overview   
    8.2 Demining   
    8.3 Explosive Detection   
    8.4 Firefighting   
    8.5 Patrolling   
    8.6 Rescue Operations   
    8.7 Spying    
    8.8 Transportation   
    8.9 Other Applications   
      
9 Global Security Robot Market by, End User 
    9.1 Overview   
    9.2 Commercial   
    9.3 Defense and Military  
    9.4 Residential   
      
10 Global Security Robot Market by, Geography 
    10.1 Overview   
    10.2 North America   
    10.3 Europe     
    10.4 Asia Pacific   
    10.5 South America   
    10.6 Middle East & Africa  
      
11 Key Developments    
      
12 Company Profiling    
    12.1 AeroVironment Inc.   
            12.1.1 Business Overview  
            12.1.2 Product/Service Offering 
            12.1.3 Financial Overview  
            12.1.4 SWOT Analysis  
            12.1.5 Key Activities  
    12.2 BAE Systems plc   
    12.3 Cobham Ltd.   
    12.4 Elbit Systems Ltd.   
    12.5 Knightscope Inc.   
    12.6 Leonardo S.p.A.   
    12.7 Lockheed Martin Corp.  
    12.8 Northrop Grumman Corp.  
    12.9 SMP Robotics Systems Corp.  
    12.10 Thales Group