Global Security Robots Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global security robots market size reached US$ 9.8 Billion in 2022. Looking forward, the market is expected to reach US$ 20.4 Billion by 2028, exhibiting a growth rate (CAGR) of 13.00% during 2022-2028.

Security robots are automated guards that rely on artificial intelligence (AI), streaming video, and other connected technologies to surveil and perform security tasks. They are equipped with high-definition (HD) cameras, electric motors, and modern high-capacity batteries. They assist in reporting, monitoring, investigating, detecting intruders, and patrolling surveillance areas. As they are reliable, incorruptible, and cost-efficient compared to security guards, security robots are extensively utilized in numerous establishments, such as malls, parking lots, and schools or campuses across the globe.

Security Robots Market Trends

Due to the coronavirus disease (COVID-19) outbreak and inflating number of cases, there is a significant rise in the adoption of security robots around the world. This can also be attributed to lockdown restrictions imposed by governing agencies of numerous countries and the increasing adoption of social distancing to prevent the spread of the pandemic. Apart from this, there is a significant rise in the trend of indoor robots worldwide on account of their ability to deliver a range of safety and commercial benefits. Furthermore, leading market players are employing advanced technologies, such as neural networks, that help these robots in learning over time and improving their functionality. They are also incorporating automation capabilities that allow security robots to be deployed on challenging terrains and environments for performing surveillance and other action-based on analytics. This is creating a favorable market outlook. Besides this, due to the growing terrorist activities, geopolitical instability, and territorial disputes, there is a considerable rise in security concerns across different countries. This, along with the extensive increase in commercial security expenditure budgets and continuous funding of research and development (R&D) activities, is anticipated to impel the market growth.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global security robots market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, type, application and end user.

Breakup by Component:

• Propulsion System
• Frames and Sensors
• Camera Systems
• Guidance and Navigation Control System
• Power Systems

Breakup by Type:

• Unmanned Ground Vehicle
• Unmanned Aerial Vehicle
• Autonomous Underwater Vehicle

Breakup by Application:

• Spying
• Patrolling
• Explosive Detection
• Rescue Operations

Breakup by End User:

• Defense and Military
• Residential
• Commercial

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroVironment Inc., BAE Systems plc, Boston Dynamics (Hyundai Motor Group), Cobham Limited (Meggitt PLC), Elbit Systems Ltd., Knightscope Inc., Kongsberg Gruppen, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, QinetiQ, SMP Robotics Systems Corp., Thales Group and The Boeing Company.

Key Questions Answered in This Report

1. What was the size of the global security robots market in 2022?
2. What is the expected growth rate of the global security robots market during 2023-2028?
3. What has been the impact of COVID-19 on the global security robots market?
4. What are the key factors driving the global security robots market?
5. What is the breakup of the global security robots market based on the component?
6. What is the breakup of the global security robots market based on the type?
7. What is the breakup of the global security robots market based on application?
8. What is the breakup of the global security robots market based on the end user?
9. What are the key regions in the global security robots market?
10. Who are the key players/companies in the global security robots market?