The report of Global Security Robots Market by Type (Autonomous Underwater Vehicle, Unmanned Aerial Vehicle, Unmanned Ground Vehicle), Component (Camera System, Frame, Guidance, Navigation and Control System, Propulsion System, Others), Application (Spying, Explosive Detection, Firefighting, Patrolling and Surveillance, Rescue Operations, Others), End-User (Defense and Military, Residential, Commercial), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 4.8 Bn by 2027, at a CAGR of XX% during a forecast period.
Security robots are particularly used during geopolitical instabilities and terrorist conflicts. Among various security robot types, unmanned aerial vehicles (UAV) will have the largest market share in the upcoming years. Sensor components will have a high demand in the future as well. Other major factors contributing to the growth of the market are the growing expenditure made on defense by the developing economies and the growing trend of opportunities in the future because of the rapid technological advancements.
The patrolling and Surveillance segment is expected to account for the largest XX% market share by 2027.
In 2019, the patrolling and surveillance segment held the largest market share of XX% in 2019 and is projected to grow at the highest CAGR of XX% to reach US$ XX million by 2027. Meanwhile, the rescue operations segment is expected to witness impressive growth over the next couple of years. Security robots are progressively used in rescue operations, mainly in situations where direct human assistance or intervention is unfavorable.
North America is projected to witness the fastest growth during the forecast period.
North America held the largest XX% share of the security robot market in 2019; it is expected to hold the largest share of the global security robot market during the forecast period. The security robot market in the Asia Pacific is expected to grow at the highest XX% CAGR between 2019 and 2027. Increased investments for strengthening the surveillance and weapon guidance abilities by India, China, and Japan, and an increase in spending of governments to infiltration, tackle terrorist attacks, illegal immigration, and criminal activities are fueling the growth of the market in the Asia Pacific.
Key players operating in the Global Security Robots Market are Boston Dynamics, Endeavor Robotics, Lockheed Martin, SMP Robotics, Cobalt Robotics, SuperDroid Robots, Northrop Grumman Remotec, BAE, Thales, Elbit Systems, Irobot, Qinetiq Group, Finmeccanica, Knightscope, and Kongsberg Gruppen.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Security Robots Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Security Robots Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Security Robots Market positioning of competitors.
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