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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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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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