Global Security Robots Market (2021 to 2028) – CAGR of 9.35% is Expected During This Forecast Period – GlobeNewswire

Dublin, Feb. 05, 2021 (GLOBE NEWSWIRE) -- The "Global Security Robots Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

After analyzing the global security robots market in detail, the author has concluded that this industry is likely to display an upward trend, with a CAGR of 9.35% in terms of revenue in the forecasting years between 2021 and 2028.

Robots are increasingly being used in security and surveillance applications. They are steadily making their way into the surveillance market, for purposes like patrolling shopping malls, college campuses, parking lots, and other public areas. Recent technological developments in a broad range of sensors and their miniaturization, as well as a rise in investments in these robots, are driving growth in the studied market.

However, the rising concerns about intrusion to privacy, the rigid nature of regulations, and the lack of availability of high-quality and reliable solutions are hampering the development of this part. However, on the bright side, growth in automation and an increase in defense and security expenditure in developing economies are creating lucrative growth avenues.

REGIONAL OUTLOOK

The global market for security robots spans across Europe, the Asia-Pacific, the Middle East and Africa, North America, and Latin America.

The Asia-Pacific region is expected to become the fastest-growing market for security robots, globally. It is one of the most lucrative markets worldwide. The region has witnessed a rise in the demand for both commercial as well as government security robots. The reasons for the rise in demand are the geopolitical tensions among nations and a rise in their military budgets. For instance, some of the prominent economies of the region, like China and India, have significantly raised their military budgets. This is creating new opportunities for players wanting to invest in this market. Such factors are driving the growth of the security robots market in the APAC.

COMPETITIVE OUTLOOK

The companies that have been mentioned in the security robots market report include DJI, Leonardo SpA, Qinetiq Group Plc, Thales SA, Cobham Plc, Aerovironment Inc, Recon Robotics Inc, Lockheed Martin Corporation, Northrop Grumman Corporation, Robotex Inc, Elbit Systems Limited, BAE Systems Plc, Knight Scope, SMP Robotics, and Boston Dynamics Inc.

Leonardo SpA designs, develops, markets, and sells helicopters, electronics, and defense & security systems. It also manufactures products for aeronautics, space, and other businesses in Europe, North America, and several countries around the world. The company caters its products to end-users in the commercial, public service, and defense & security industries. Leonardo SpA has diversified geographical operations. It has 180 sites preset in 20 countries around the world, of which 83 are production facilities. The company is strongly focused on R&D, which helps it deliver innovative products.

Key Topics Covered:

1. Global Security Robots Market - Summary

2. Industry Outlook2.1. Key Insights2.1.1. Advancements in Drone Technology2.1.2. Increasing Demand for Ai in Security Robots2.2. Porter's Five Forces Analysis2.2.1. Threat of New Entrants2.2.2. Threat of Substitute2.2.3. Bargaining Power of Suppliers2.2.4. Bargaining Power of Buyers2.2.5. Threat of Competitive Rivalry2.3. Market Attractiveness Index2.4. Vendor Scorecard2.5. Key Market Strategies2.5.1. Acquisitions2.5.2. Product Launch2.5.3. Partnership & Agreements2.5.4. Business Expansion2.6. Market Drivers2.6.1. Increasing Usage of Robots in Security and Surveillance Applications2.6.2. Rising Safety Concerns2.6.3. Increasing Conflicts at Borders and Geopolitical Instabilities2.7. Market Restraints2.7.1. Rising Concern About Privacy Intrusion2.7.2. Rigid Regulatory Environment in Different Regions2.7.3. Lack of Development of High-Quality and Reliable Solutions2.8. Market Opportunities2.8.1. Rising Trend of Autonomous Operations2.8.2. Increase in Defense and Security Spending by the Developing Economies

3. Global Security Robots Market Outlook - by Type of Robots3.1. Unmanned Aerial Vehicle3.2. Unmanned Ground Vehicle3.3. Autonomous Underwater Vehicle

4. Global Security Robots Market Outlook - by Application4.1. Defense & Military4.2. Residential4.3. Commercial4.3.1. Surveillance and Monitoring4.3.2. Patrolling

5. Global Security Robots Market Outlook - by Component5.1. Camera5.2. Sensor5.3. Control5.4. Navigation5.5. Others

6. Global Security Robots Market - Regional Outlook6.1. North America6.1.1. Market by Type of Robots6.1.2. Market by Application6.1.2.1. Market by Commercial6.1.3. Market by Component6.1.4. Country Analysis6.1.4.1. United States6.1.4.2. Canada6.2. Europe6.2.1. Market by Type of Robots6.2.2. Market by Application6.2.2.1. Market by Commercial6.2.3. Market by Component6.2.4. Country Analysis6.2.4.1. United Kingdom6.2.4.2. Germany6.2.4.3. France6.2.4.4. Spain6.2.4.5. Italy6.2.4.6. Russia6.2.4.7. Rest of Europe6.3. Asia-Pacific6.3.1. Market by Type of Robots6.3.2. Market by Application6.3.2.1. Market by Commercial6.3.3. Market by Component6.3.4. Country Analysis6.3.4.1. China6.3.4.2. Japan6.3.4.3. India6.3.4.4. South Korea6.3.4.5. Asean Countries6.3.4.6. Australia & New Zealand6.3.4.7. Rest of Asia-Pacific6.4. Latin America6.4.1. Market by Type of Robots6.4.2. Market by Application6.4.2.1. Market by Commercial6.4.3. Market by Component6.4.4. Country Analysis6.4.4.1. Brazil6.4.4.2. Mexico6.4.4.3. Rest of Latin America6.5. Middle East and Africa6.5.1. Market by Type of Robots6.5.2. Market by Application6.5.2.1. Market by Commercial6.5.3. Market by Component6.5.4. Country Analysis6.5.4.1. United Arab Emirates6.5.4.2. Turkey6.5.4.3. Saudi Arabia6.5.4.4. South Africa6.5.4.5. Rest of Middle East & Africa

7. Competitive Landscape7.1. Lockheed Martin Corporation7.2. Northrop Grumman Corporation7.3. Thales Sa7.4. Bae Systems plc7.5. Elbit Systems Limited7.6. Leonardo Spa7.7. Aerovironment Inc7.8. Knight Scope7.9. Dji7.10. Smp Robotics7.11. Boston Dynamics Inc7.12. Cobham plc7.13. Qinetiq Group plc7.14. Robotex Inc7.15. Recon Robotics Inc

8. Methodology & Scope8.1. Research Scope & Deliverables8.2. Sources of Data8.3. Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/oov1fp

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Global Security Robots Market (2021 to 2028) - CAGR of 9.35% is Expected During This Forecast Period - GlobeNewswire