Global Security Robots Market Report and Forecast 2024-2032

Global Security Robots Market Outlook

The global security robots market size attained a value of approximately USD 11.24 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.8% reaching a value of around USD 33.38 billion by 2032.

Security Robots Market Overview

Growing geopolitical instability, improvements in capabilities of security robots, and rising expenditure of various governments in security research and development are the major factors that are increasing the security robots market demand. The capabilities of security robots, such as their ease of deployment in hazardous situations and shifting terrains for the performance of surveillance and other operations, are anticipated to accelerate their uptake by several nations. Improvements in neural technology, which gives the ability to learn over time and improve functionality, along with improvements in sensor technology, have led to a higher adoption and usage of security robots in various applications.

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Increasing Deployment of Unmanned Aerial Vehicles to Aid the Market for Security Robots

The unmanned aerial vehicles segment based on type accounts for a significant share in the security robots global market owing to the various advantages they offer. The advantages include safety, high-quality aerial imaging, precision, easy control and deployment, ability of unmanned aerial vehicles to minimise damage or foreign threat, and easy access to hazardous areas. The flexibility of unmanned aerial vehicles for quick inspections in hostile zones is likely to be a major driving factor for the segment growth. The cost-effectiveness and growing adoption of unmanned aerial vehicle drones by the military and defence sector is anticipated to boost the growth of the market for security robots in the forecast period.

Global Security Robots Market Share by Region

At a regional level, North America is anticipated to witness considerable growth in the market for security robots, driven by factors such as rising military and defence expenditure and early adoption of new technologies. In countries such as the United States, defence forces special operations forces, and security and surveillance force, among others, are increasingly incorporating the use of unmanned aerial vehicles. The market in the region is anticipated to be driven by the expansion of the major drone manufacturing companies, coupled with the increasing consumer base.

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Security Robots Market Segmentation

A security robot is defined as a physical or software machine designed to provide safety and security to assets or a territory. Security robots are capable of patrolling and carrying out search and rescue operations.

Based on type, the market is segmented into:

• Unmanned Aerial Vehicles

• Unmanned Ground Vehicles

• Unmanned Underwater Vehicles

On the basis of application, the market is divided into:

• Spying

• Explosive Detection

• Patrolling

• Rescue Operations

• Others

By component, the market is categorised into:

• Frames

• Sensors

• Controller Systems

• Camera Systems

• Navigation Systems

• Power Systems

• Others

Based on end user industry, the market is classified into:

• Defence and Military

• Residential

• Commercial

The regional markets for security robots include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Applications in the Defence and Military Sector to Boost the Security Robots Market Growth

The rising applications of security robots in the defence and military sector are driving the market. A significant surge in the expenditure of various governments aimed towards bolstering army, navy, and air force capabilities has been witnessed, owing to increasing geopolitical tensions and terrorism. The growing adoption of security robots by police departments and private companies is likely to provide lucrative opportunities to the security robots market in the coming years. Furthermore, security robots are useful in situations such as natural calamities, search and rescue, security and surveillance, and providing security to residential and commercial complexes. Hence, the market is anticipated to witness a steady growth in the forecast period.

Key Players in the Global Security Robots Market

The report gives a detailed analysis of the following key players in the global security robot market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Northrop Grumman Corporation

• Thales SA

• BAE Systems PLC

• Leonardo SPA

• Boston Dynamics Inc.

• Lockheed Martin Corporation

• Elbit Systems Ltd.

• AeroVironment, Inc. 

• Knightscope, Inc. 

• SMP Robotics Systems Corp.

• Cobalt Robotics, Inc. 

• Robo-Team Ltd

• ABRIS Design Group 

• Kongsberg Gruppen ASA 

• The QinetiQ Group

• Leotronics LLC

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report