The business intelligence report on ‘Global Security Robot Market’ provides valuable insights pertaining to growth catalysts and profitable opportunities dormant in the industry space, while emphasizing on challenges that can be converted into prospects, and restraints which are to be tackled.
Selbyville, Delaware, March 02, 2021 (GLOBE NEWSWIRE) -- Credible estimates cite that global security robot market size was worth USD 2.2 billion in 2019, and this valuation is predicted to surge at 8% CAGR over 2020-2027, reaching USD 4 billion by the end of forecast period.
Apart from COVID-19 impact scrutiny, the report offers thorough summary of various market segments, including type gamut, application scope, as well as end-use ambit. Information with respect to regional market is entailed, which is inclusive of favorable scenario and contribution towards industry remuneration. Moreover, competitive dashboard, with detailed attention to business profile, product portfolio, and moneymaking strategies of different industry players is expounded in the report.
Improved robot capabilities on account of insertion of different sensors, introduction of neural network technology, along with ability of constant learning and providing consistent data are bolstering the deployment of security robots across military & defense as well as commercial segments. Huge budgets for military & defense, in tandem with increasing territorial conflicts and geopolitical uncertainties are augmenting the growth of global security robot industry.
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Citing an instance, Indian government allocated USD 73.65 billion as defense budget in 2020-2021, which 5.8% higher than 2019-2020. Likewise, the U.S. defense allotment was USD 671 billion in 2021 as compared to USD 665 billion in 2020.
For the record, security robots are next-gen technology, meant to replace security personnel. They move around specified & constrained areas while delivering mobile CCTV monitoring. Video from in-built cameras is sent to security station, hence providing footage and enabling informed action.
Speaking of roadblocks, strict regulatory scenario, as well as individual preference for maintaining their privacy and avoid intrusion will arrest the global security robot market expansion.
Enlisting market segmentations:
As per type, the market is classified into autonomous underwater vehicles, unmanned ground vehicles, and unmanned aerial vehicles. Various applications of security robots include rescue operations, patrolling, explosive detection, spying, and others. While different end-users are commercial, residential, and defense & military.
Summarizing regional terrain:
Industry experts claim that North America led the global security robot market forecast in the past year, owing to existence of renowned technology providers in the region, alongside widespread deployment of these robots.
Parallelly, Asia Pacific market is reckoned to record a strong CAGR through 2027, attributable to surge in terrorist attacks at public places, and government emphasis on improving the security across emerging economies like India and China.
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Global Security Robot Market by Type (Revenue, USD Billion, 2017-2027)
Autonomous Underwater Vehicles
Unmanned Ground Vehicles
Unmanned Aerial Vehicles
Global Security Robot Market Application Spectrum (Revenue, USD Billion, 2017-2027)
Global Security Robot Market End-User Ambit (Revenue, USD Billion, 2017-2027)
Military & Defense
Global Security Robot Market Regional Landscape (Revenue, USD Billion, 2017-2027)
Global Security Robot Market Competitive Backdrop (Revenue, USD Billion, 2017-2027)
SMP Robotics Systems Corp.
Elbit Systems Ltd.
BAE Systems plc
Northrop Grumman Corp.
Lockheed Martin Corp.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Security Robot Market, by Region, 2018-2027 (USD Billion)
1.2.2. Security Robot Market, by Type, 2018-2027 (USD Billion)
1.2.3. Security Robot Market, by Application, 2018-2027 (USD Billion)
1.2.4. Security Robot Market, by End-Use Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Security Robot Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Security Robot Market Dynamics
3.1. Security Robot Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Security Robot Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Security Robot Market, by Type
5.1. Market Snapshot
5.2. Global Security Robot Market by Type, Performance - Potential Analysis
5.3. Global Security Robot Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Security Robot Market, Sub Segment Analysis
5.4.1. Unmanned Aerial Vehicles
5.4.2. Unmanned Ground Vehicles
5.4.3. Autonomous Underwater Vehicles
Chapter 6. Global Security Robot Market, by Application
6.1. Market Snapshot
6.2. Global Security Robot Market by Application, Performance - Potential Analysis
6.3. Global Security Robot Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Security Robot Market, Sub Segment Analysis
6.4.2. Explosive Detection
6.4.4. Rescue Operations
Chapter 7. Global Security Robot Market, by End-Use Industry
7.1. Market Snapshot
7.2. Global Security Robot Market by End-Use Industry - Potential Analysis
7.3. Global Security Robot Market Estimates & Forecasts by End-Use Industry 2017-2027 (USD Billion)
7.4. Security Robot Market, Sub Segment Analysis
7.4.1. Defense and Military
Chapter 8. Global Security Robot Market, Regional Analysis
Robot End-Effector Market Size, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Robot End-Effector Market is expected to exceed USD 6.5 billion by 2025, as per new research report. The advent of industry 4.0 in manufacturing industry which includes the inclusion of technological trends such as cloud robotics, automation, cyber-physical systems, big data, and IoT is driving the demand for advanced end-effectors. The usage of these advanced technologies is anticipated to drive up production, improve efficiency, by transfer computational and decision-making powers to robotics systems. Factors such as growing deployment of collaborative robots, increasing implementation of robots in the logistics industry for pick & place operations, decreasing cost of sensors etc. is augmenting the robot end-effector market growth.
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