Security Robot Market Forecasts to 2028 - Global Analysis By Type (Unmanned Aerial Vehicles, Autonomous Underwater Vehicles and Unmanned Ground Vehicles), By Component (Software, Hardware and Services), By Environment (Indoor and Outdoor), By Application,

Security Robot Market Forecasts to 2028 - Global Analysis By Type (Unmanned Aerial Vehicles, Autonomous Underwater Vehicles and Unmanned Ground Vehicles), By Component (Software, Hardware and Services), By Environment (Indoor and Outdoor), By Application, By End User and By Geography

According to Stratistics MRC, the Global Security Robot Market is accounted for $11.62 billion in 2022 and is expected to reach $28.61 billion by 2028 growing at a CAGR of 16.2% during the forecast period. ""Security robots,"" or robots with locomotive capabilities, can collect data for security-related goals and, in some cases, use that data to take necessary action. This information is gathered using a variety of sensors, including radars, cameras, thermal sensors, infrared devices, and others. A variety of advances point to the future potential of security robots.

According to the US Department of Defense, the total budget allocated for military expenses in the country was approximately 753 billion US dollar.

Market Dynamics:

Driver:

Increased use of robots in security applications

Drones and other security robots are widely used in security and surveillance applications. The flying devices assist in site surveys, appropriate camera placement, remote perimeter monitoring, and other security-related duties. Drones' mobility and compact size are advantages. They are capable of acting independently while transmitting analyses and current information to human experts. The military uses unmanned aerial vehicles (UAVs), often known as drones, more frequently because of their capacity to identify harmful locations and identify issues with security and terrorism.

Restraint:

Rigid regulations and high cost of ownership

When using high-accuracy robots, however, there are a number of rules that must be adhered to. The strict regulations governing various unmanned system operations operate as a barrier to the market's expansion in terms of revenue. Furthermore, the high total cost of ownership of security robot systems is stifling market growth. Moreover, they are combining automation capabilities that enable the deployment of security robots in hazardous environments and terrains for surveillance and other action-based analytics, thereby hindering the market's growth.

Opportunity:

Rising safety concerns

The market for security robots is anticipated to rise as a result of increased safety concerns spurred on by the world's rising crime rate. Across the world, a lot of public and private organisations strive for affordable ways to prevent crime, protect people, and safeguard property. Autonomous systems can efficiently identify and deter trespassers, vandals, theft, and break-ins by eliminating threats in real-time and gathering data for forensic analysis.

Threat:

Concerns about privacy and intrusion

Offices, shopping centres, and public spaces are among the places where security robots are gradually being used. Even while these robot security guards are frequently depicted as friendly robots on patrol in place of human security guards, they are actually gathering much more data than people could, raising privacy and intrusion issues. Security robots use cameras, LiDAR, and optional thermal imaging to scan an area while also looking for wireless devices. Regardless of whether it can recognise their faces, this feature may allow the robot to target people in its vicinity in secret.

Covid-19 Impact:

The possibility of unmanned technologies being used by private security and asset protection companies has grown as a result of the COVID-19 epidemic. But in the early stages of the pandemic, there was a higher probability that employees of security firms would become contaminated. It was frequently necessary to hire new staff or reduce the level of service and safety due to the spread of infection among the employees. Additionally, a lot of nations decreased the number of immigrants coming to their territory. Robotic security has become popular due to such trends.

The unmanned aerial vehicles segment is expected to be the largest during the forecast period

As aircraft without the need for a human pilot or passengers, unmanned aerial vehicles segment are predicted to hold the largest share during the projection period. UAVs can be used for a broad range of tasks, including surveillance, bomb detection, surveying, mapping, flight dynamics, computer vision, civil engineering, and many more. However, other UAV categories commonly include ground-control stations made of laptop computers and other components that can be easily transported with the aircraft in backpacks, small boats, or other vehicles.

The commercial segment is expected to have the highest CAGR during the forecast period

Because security robot applications in the commercial sector include security in shopping centres, corporate offices, hotels, museums, nursing homes, hospitals, schools, banks, retail stores, and industries like oil & gas and mining, the commercial segment is expected to grow at the highest rate during the forecast period. Moreover, UGVs are also used in the commercial sector to handle toxic drugs, conduct rescue operations during disasters, and patrol the perimeter of hazardous areas.

Region with largest share:

During the projected period, North America region will hold the largest market share as American security and surveillance forces increasingly use unmanned systems because of their benefits, including quality and dependability. Nevertheless, there have also been more persistent disputes around the country, along with an increase in terrorist attacks in public places and schools. However, the country's need for security robots will rise as a result of these territorial conflicts and geopolitical instability.

Region with highest CAGR:

Due to China's dominance in the development of robotic systems with artificial intelligence (AI), particularly those focusing on defence and national security, the Asia-Pacific region is expected to experience the highest growth throughout the projection period. As the nation improves its military capabilities, the size and quality of its military robotics companies are growing rapidly. Additionally, the government has invested a lot of money in exporting robotic defense-based AI systems that incorporate standard security features like facial recognition and comprehensive surveillance.

Key players in the market

Some of the key players in Security Robot market include SMP Robotics, Elbit Systems Limited, Northrop Grumman Corporation, Leonardo SPA, FLIR Systems Inc., Thales SA, Boston Dynamics Inc., Lockheed Martin Corporation, Aerovironment Inc., SZ DJI Technology Co. Ltd , Knight Scope Inc., BAE Systems PLC, Kongsberg Gruppen, RoboTex Inc., Qinetiq Group PLC and Recon Robotics Inc .

Key Developments:

In August 2022, Hyundai Motor Group announced the launch of Boston Dynamics AI Institute. The launch aimed to make fundamental advances in AI, robotics, and intelligent machines with a USD 400 million investment. As a research-first organization, the institute will work on solving the most critical challenges facing the creation of advanced robots. Elite talent across AI, ML, robotics, computing, and engineering will develop technology for robots and use it to grow their usefulness and capabilities.

In June 2022, Elbit Systems unveiled COPAS-L, a new Electro-Optical (EO) payload for Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR). COAPS-L is a miniaturized configuration of the Company’s Commander Open Architecture Panoramic Sight (COAPS) that is in service onboard Main Battle Tanks and Armored Fighting Vehicles (AFV) around the world.

In March 2022, Halodi Robotics signed an agreement to provide 140 humanoid robots to ADT Commercial, a premier U.S.-based provider of commercial security, fire, life safety, and risk consulting services. With multiple customer pilot programs already in progress to test and improve robot capabilities, ADT Commercial said it would begin making the robot available to enterprise customers in late 2022.

In January 2022, Leonardo bought HENSOLDT AG, a top German leader in the market for sensors for defense and security applications, with an expanding portfolio in sensors, data management, and robotics. Leonardo would also be able to build a long-term strategic position in the quickly expanding German defense industry thanks to this acquisition.

Types Covered:
• Unmanned Aerial Vehicles
• Autonomous Underwater Vehicles
• Unmanned Ground Vehicles

Components Covered:
• Software
• Hardware
• Services

Environments Covered:
• Indoor
• Outdoor

Applications Covered:
• Rescue Operations
• Transportation
• Spying
• Patrolling
• Explosive Detection
• Other Applications

End Users Covered:
• Residential
• Defense and Military
• Commercial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements