Global Security Robots Market: Snapshot
The rising demand for autonomous systems in security and surveillance and the increasing adoption of smart security and surveillance appliances is expected to drive the growth of security robots market. The market for cloud robotics is anticipated to expand at a CAGR of 8.9% during the forecast period from 2017 to 2025. The global security robots market is anticipated to reach US$ 3,881.4 Mn till 2025. There has been a considerable concern for safety aspect throughout the world. Smart security systems installed into huge commercial applications and also deployed into residential as well as other indoor applications addresses this concern. However, high total cost of ownership of security robot systems is restraining the growth of the market to some extent. On the other hand, some of the problems faced presently by the security industry are lack of training, high turnover, and low wages. To address this concern, companies are deploying security robots which is creating high growth opportunities for the growth of security robots market.
Hardware Segment Emerged Dominant with Leading Share of 53.1%
The global security robots market has been segmented on the basis of component, environment, type, application, industry vertical and region. On the basis of component, the market is segmented into hardware, software and services. In 2016, hardware segment in security robots market accounted for the maximum share, at around 53.1% of the revenue generated in security robots market. Furthermore, software is expected to show sustainable growth during the forecast period due to exponential growth in robotics as a service (RaaS). Also, demand for advanced software platforms for effortless integration between robot and humans in anticipated to increase during the forecast period. Based on the environment, the market is segmented into indoor and outdoor. Outdoor segment accounted for largest market share of the market in 2016 while indoor is expected to grow at a higher CAGR during the forecast period. The type segment is divided into ground robots, aerial robots and others. In 2016, ground robots accounted for the largest revenue share and it is also expected to grow at higher CAGR during the forecast period. Application segment is divided into demining, explosive detection, firefighting, patrolling & surveillance, rescuing operations, spying and others. In 2016, the patrolling and surveillance segment held the largest revenue share, while, spying is expected to expand at a higher CAGR during the forecast period owing to growing demand from defense sector. In terms of industry vertical, the global security robots market is classified into chemical & mining, defense & aerospace, entertainment & leisure venues, oil & gas, manufacturing and others.
North America Held Leading Share of 30.7% in Overall Market
Geographically, North America is the largest market for security robots market, globally. In 2016, the region accounted for 30.7% of the overall security robots market’s revenue. Moreover, Asia Pacific is expected to witness the fastest growth during the forecast period. Countries such as China, Japan and South Korea are expected to be at the forefront of security robots adoption due to increased technological investment in the region.
The security robots market is at an introductory stage and few companies have been able to establish themselves as leaders in the initial phase. However, a large number of other players across different geographies are anticipated to enter the market during forecast period. These players are well established in regional markets, however, they have a limited global presence. Leading players are currently focusing on providing security robots solutions. Moreover, as part of strategy, the companies are engaging in various mergers and acquisitions, focusing on research and development and enriching customer experience through investment in security robots.
Some of the major players in the global security robots market with the significant developments are Aerovironment, Inc., BAE Systems PLC, Boston Dynamics, Cobham PLC, Elbit Systems Ltd., Knight Scope, Liquid Robotics, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Omron Adept Mobile Robots LLC, Qinetic Group PLC, Robot Security Systems, SMP Robotic Systems Corp. and Thales Group among others.
Global Security Robots Market: Overview
This report aims to provide a comprehensive strategic analysis of the global security robots market along with revenue and growth forecasts for the period from 2015 to 2025. With advancements in security robots and rising demand for safety in industrial sectors such as manufacturing and transportation & logistics, the security robots market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide include the proliferation of security robots technology and growing need for automation in developing regions such as Asia Pacific, high demand from the manufacturing sector, advent of industry specific security robots in developed regions such as North America & Europe and increasing awareness of security robots. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models.
Global Security Robots Market: Scope of the Study
This research study on the global cloud robotics market provides a detailed analysis of security robots deployed for different applications by end-users depending upon their needs. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry and are expected to influence the market growth during the forecast period from 2017 to 2025. It includes a comprehensive coverage of the underlying economic and technological factors influencing the security robots market growth. It provides the competitive landscape of key players in the security robots market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The study explains the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.
Global Security Robots Market: Key Segments
The global cloud robotics market is analyzed by segmenting it on the basis of component, environment, type, application, and industry vertical. Based on component, the market is classified into hardware, software and services. The environment covered in the report are indoor and outdoor. In terms of type, the global security robots market is segmented into ground robots, aerial robots and others. The application segment is classified into demining, explosive detection, firefighting, patrolling and surveillance, rescuing operations, spying and others. The security robots market is segmented on the basis of chemical & mining, defense & aerospace, entertainment & leisure venues, oil & gas, manufacturing and others. Geographically, the global market for security robots has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2016 to 2024. The analysis by component, environment, type, application, industry vertical and region helps in evaluating the present scenario and growth prospects of the security robots market over the forecast period from 2017 to 2025.
Global Security Robots Market: Competitive Outlook
A list of recommendations have been provided for new entrants to help them establish a strong presence and for existing market players to take strategic decisions and strengthen their market position in the global security robots market. The report concludes with the profiles of major players in the security robots market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis, segment presence, and recent developments. Some of the major players in the global security robots market with the significant developments are Aerovironment, Inc., BAE Systems PLC, Boston Dynamics, Cobham PLC, Elbit Systems Ltd., Knight Scope, Liquid Robotics, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Omron Adept Mobile Robots LLC, Qinetic Group PLC, Robot Security Systems, SMP Robotic Systems Corp. and Thales Group among others.
Security Robots Market, by Component
Security Robots Market, by Environment
Security Robots Market, by Type
- Ground Robots
- Aerial Robots
Security Robots Market, by Application
- Explosive Detection
- Patrolling & Surveillance
- Rescuing Operations
Security Robots Market, by Industry Vertical
- Chemical & Mining
- Defense & Aerospace
- Entertainment & Leisure Venues
- Oil & Gas
In addition, the report provides cross-sectional analysis of the security robots market with respect to the following geographical segments:
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- The UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Rest of South America