The report on the global Security robots market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
As countries are trying to strengthen their defense systems and upgrading their weapon technologies to fight the increasing terror attacks, they are looking for equipment which are efficient and do not involve any threat to human life. Security robots are unmanned solutions extensively being used by the military and defense organizations all over the world.
They are used for security purposes to keep a view on the potential attacks. They are highly reliable and accurate.
Security robots are being used in various applications such as sensor deployment, intelligence surveillance, explosive disposal, and anti-submarine warfare.
The geopolitical instabilities are the main factor driving the security robots market worldwide. This report studies the current and future aspects of security robots market.
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KEY PREMIUM INDUSTRY INSIGHTS
- The rise in number of conflicts worldwide is promoting the security robots market. Unmanned aerial vehicle is a type of security robot which has gained immense popularity in the global market.
- The benefits associated with security robots such as reliability, quality, and accuracy are also contributing towards the market growth. Government and defense authorities are making huge investments to improve the quality of security robots which is creating newer growth opportunities for the market.
- However, stringent government policies can hamper the growth of security robots market.
The global security robots market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributors for the security robots market.
The region shall continue to dominate over the forecasted period because of the increased investments of defense authorities. Next in line is the Asia-Pacific region which is witnessing a rapid growth of the market due to increased spending by the governments of India, China, and Japan to tackle terrorist attacks, criminal activities, infiltration, and so on.
KEY MARKET PLAYERS
Key players in the security robots market include:
- Northrop Grumman Corp
- Elbit Systems
- Qinetiq Group PLC.
- Knightscope, Inc.
- Finmeccanica SPA
- Aerovironment, Inc.
- Recon Robotics
- DJI, Kongsberg Gruppen
- BAE Systems PLC
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