Security robots are autonomous robotic devices created to carry out their duties without the need for human assistance. The Security Robots Market was valued at USD 33.7 billion in 2021, and it is anticipated to rise at a CAGR of 17.7% from 2022 to 2027 to reach USD 89.6 billion.
The market is primarily driven by the increasing use of security robots in both commercial and residential settings, the increased emphasis on security at the national or regional level, the rising investments and expenditures on defence made by nations worldwide, and the rising demand for autonomous systems that enhance real-time monitoring.
Unmanned aerial vehicles, unmanned ground vehicles, and unmanned undersea vehicles are the three types of unmanned vehicles used in the security robotics market. An unmanned vehicle can complete tasks on its own without assistance from a person. It has the sensors, data processing hardware, and automatic control systems that are required.
The key benefits of deploying unmanned systems as security robots are unprecedented situational awareness, precise targeting, and communications relay delivery for battling, and overcoming threats. These UAVs are used by the US military and NATO coalitions to combat terrorist organisations, among others, in Syria, Libya, Iraq, and Afghanistan. Additionally, a number of Asian nations, including Pakistan, China, and India, are purchasing armed drones to improve the security of their borders.
Several well-known companies lead the Security Robots Market, including Emerson (US), ABB (Sweden), Schneider Electric (France), Yokogawa (Japan), and Endress+Hauser (Switzerland).
BAE Systems.
One of the top aerospace and military firms in the world is BAE Systems. It is a public limited corporation with about 90,500 workers that is listed as BA on the London Stock Exchange (as of 2021). It develops and provides cutting-edge aerospace and defence systems to the military, the navy, and the air force.
The company’s goods and services are geared at applications in the air, on land, at sea, and in cybersecurity. The organisation, which operates through five distinct business divisions including Electronic Systems, Cyber & Intelligence, Platforms & Services, Maritime, and Air, is the second-largest defence contractor. The firm provides electronic warfare systems, fly-by-wire aircraft control systems, commercial digital engines, unmanned underwater vehicles (UUVs), military communication systems, and data linkages through its Electronic Systems segment.
Kongsberg
A corporation with its headquarters in Norway, Kongsberg Gruppen (KONGSBERG), designs, develops and produces technological systems and solutions for clients in the oil and gas, maritime, and defence & aerospace sectors.
Through Maritime, Defense & Aerospace (KDA), and Others, the corporation does business. It provides hydroacoustic services for fishing vessels and fisheries researchers through the Maritime segment, as well as solutions for commercial vessels and offshore sites for seabed surveys, surveillance, navigation, dynamic location, and automation.
Additionally, the business offers UUVs in this market. It creates, develops, and produces command and control systems, remote weapon stations, weapon control systems, and surveillance apparatus through the Defense & Aerospace business.
Depending on the End User, the Security Robots Market is segmented into military & defence, residential, commercial, and others.
Security robots are employed in anti-submarine warfare, mapping the ocean floor, analysing water samples, and inspecting oil and gas pipelines, among other defence-related surveillance and reconnaissance tasks. Security robot technology is not yet developed sufficiently for usage in commercial applications. The adoption of security robots in military and defence end-use applications has increased as a result of nations all over the world beginning to recognise the potential significance of security robots for military and defence applications. This has led to increased military research and funding for the development of new and advanced security robots.
North America, Europe, Asia Pacific, and the Rest of the World are the four geographical segments that make up the Security Robots Market (RoW). Rapid improvements and advancements in the military & defence, as well as residential and commercial end-use industries, can be used to explain the rise of the security robots market.
The market for security robots in these regions is anticipated to grow quickly over the next few years as a result of the rapid expansion in these end-use industries throughout the regions. Only the US accounted for about 25% of the global market for security robots in 2021, with North America holding the highest proportion.
The market for security robots in the region is being driven by the robust military and defence infrastructure in North American nations like the US and Canada. However, a significant factor driving the expansion of security robots in this region is the increasing defence spending in Asia Pacific’s developing nations.
