The commercial security robot market was valued at USD 557.82 million the previous year. It is expected to reach USD 1.67 billion by 2028, registering a CAGR of 21.8% over the forecast period. Commercial security robots are designed to replace patrolling security guards and provide mobile CCTV monitoring. A security robot automatically moves around a restricted area without direct operator supervision. Images from the built-in cameras are transmitted to the security station. These robots help security personnel detect probable threats, take a close look from a safe distance, and provide comprehensive information about the threat to take preventive measures.
The commercial security robot market comprises several global and regional players vying for attention in a competitive market space. Market incumbents, such as Knightscope, SMP Robotics, Cobalt Robotics, OTSAW, Robotnik, Ava Robotics, Nordic Unmanned, and Turning AI, have a considerable influence on the overall market with access to well-established distribution networks. The existence of such a sheer number of major vendors without compromising on their market shares is sustainable. Overall, the intensity of competitive rivalry among the vendors in the market studied is expected to be high and remain the same during the forecast period.
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