Global Security Robots Market to Grow at a CAGR of 12.8% During 2024-2032, Aided by the Growing Investments by the Sovereign Nations Towards Expanding their Defence Capabilities

The security robots industry is being driven by the growing investments by the countries to enhance their defence capabilities. The rapid increase in the risk of terrorism, coupled with the increasing cross border conflicts is likely to propel the demand for unmanned underwater vehicles, a well-known security robot, in the forecast period. In addition, unmanned underwater vehicles offer a range of benefits including low deployment costs, efficient software system, along with a safe and durable structure. Therefore, the growing deployment of unmanned underwater vehicles in the water territories is likely to boost the growth of the market in the forecast period.

In terms of region, North America accounts for a significant share in the market and is likely to witness a considerable growth in the forecast period. The increasing military and defence expenditure by governments in countries like the United States is supporting the regional market growth. Furthermore, the presence of leading manufacturers in the region is likely to aid the market growth in the forecast period.

Some of the leading players in the market include Northrop Grumman Corporation, Thales SA, and others. In September 2017, Remotec Corporation, a subsidiary of Northrop Grumman Corporation (NYSE: NOC), unveiled Nomad, its new mid-size unmanned ground vehicle as part of its AndrosTM line, which complies with the Interoperability Profile (IOP), an initiative of the US Department of Defense. Among its vast features include improved mobility, versatility, and overall affordability. Such developments are expected to support the growth of the security robots industry in the forecast years.

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Market Breakup by Type, Application, Component, End User, and Region:

• The market is segmented, based on type, into unmanned aerial vehicles, unmanned ground vehicles, and unmanned underwater vehicles.

• Based on application, the market is divided into spying, explosive detection, patrolling, and rescue operations, among others. 

• On the basis of component, the industry can be segregated into frames, sensors, controller systems, camera systems, navigation systems, and power systems, among others.

• The major end users of security robots include defence and military, residential, and commercial.

• Region-wise, the global market for security robots can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising employment of security robots in the military and defence sector is likely to bolster the market growth in the forecast period.

• The significant surge in the risk of terror activities across borders is leading to increased public expenditure in the military and defence sector, which is anticipated to aid the market growth. 

• The rapid advancements in unmanned aerial vehicle technology and the development in the efficiency and capabilities of these machines are likely to boost the market growth in the forecast period. 

• The growing adoption of drones in the commercial end user segment is expected to further aid the market growth in the forecast years.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for security robots for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, applications, components, end users, and regions of security robots.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, and provides an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global security robots market include Northrop Grumman Corporation, Thales SA, BAE Systems PLC, Leonardo SPA, and Boston Dynamics Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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