North America Security Robots Market 2021-2028

MARKET OUTLOOK

According to the author, North America’s security robots market is likely to progress with a CAGR of 9.30% in the estimated years of 2021 to 2028.
The United States and Canada together shape the market in this region.

Canada’s federal government has committed to spending $6.5 billion by 2023 for the development of the nation. A major portion of this amount will be used for developing unmanned aerial vehicles, which is expected to augmenting their demand. Also, as per reports, in 2018, Quebec’s aerospace cluster began working on the development of security drones. Besides, the Canadian Forces are continually engaged in conducting testing for future surveillance missions in the nation, via “Operation NANOOK,” which is the annual sovereignty operation in the Arctic.

On the other hand, Canada’s mining industry is flourishing. It is also witnessing a positive investment scenario. Further, the nation is reliant on the US for imported commodities. All these factors are expected to fuel the demand for base and precious metals, and, in turn, fuel the growth of the Canadian metal & mining industry. Also, Canada is known for its harsh weather conditions, which renders it nearly impossible for human miners to work efficiently. This is creating opportunities for the companies operating in the studied market. The players in the security robots market are thus spending their resources on the development of UAVs, which is expected to foster the growth of the market in Canada in the years to come.

COMPETITIVE OUTLOOK

The prominent companies in this market are Knight Scope, Recon Robotics Inc, SMP Robotics, DJI, Leonardo SpA, Thales SA, Cobham Plc, and Elbit Systems Limited.