Technology Spending on Revenue Security Robotics Market - APAC Grows Stronger in Demand for market

Market Definition:

The global security robots market was valued at USD 1.32 billion in 2015 with a CAGR of over 8% over the forecast period. Growing implementation of smart security & surveillance along with increasing demand for autonomous systems in surveillance & security appliances is anticipated to boost the industry growth. The demand of the robots is expected to augment with the new emerging technologies in the sector

The robots have locomotive abilities, for collecting data and implement the functions accordingly. The data is collected through various devices which include radars, infrared or ultrasonic sensors, cameras, thermal sensors, and others. Increasing demand for advanced technology equipment for building the strong defense sector is also projected to fuel the growth.

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Market Growth and Analysis:

Security concerns along with increasing penetration of automation techniques such as Robotic Process Automation (RPA), desktop automation, enterprise RPA, intelligent process automation, heuristics, and autonomics are primarily driving the demand for security robotics industry. Also, increasing deployments of smart security systems in various indoor application in commercial and residential sectors will also benefits the industry demand. Furthermore, the robots are installed to perform various tasks which includes surveillance, patrolling, and guarding outdoor and indoor activities. High installation costs of security robots’ system and lack of operational training may hamper the industry growth.

Market Segment:

Security robots market is segregated based on component, type, application, environment, and industry. The component segment is further segmented into hardware, software, and services whereas the type segment includes ground, aerial and marine robots. The environment segment includes indoor and outdoor environment. These robots are primarily installed in airports, banks, offices, warehouses, hospitals, and other indoor environment. Based on application, the industry is segmented into transportation, demining, explosion rescuing operations, patrolling, surveillance, detection, firefighting, spying, and others. Further, chemical & mining, defense & aerospace, entertainment & leisure venues, oil & gas and manufacturing are few industry verticals considered.

Hardware segment is estimated to contribute majorly in the industry and is expected to maintain the dominance over the forecast period. Hardware segment further comprises of articulated robots, Cartesian robots, Selective Compliance Assembly Robot Arm (SCARA) robots, and other robots. Furthermore, the functions of hardware segment includes welding, assembling and disassembling, painting, and material handling , cutting and milling, and others. Also, the services category is further sub-divided into leasing, rental, & maintenance services.

Key Players:

Some of the prominent players of the market are Northrop Grumman Elbit Systems Limited, Thales SA, DJI, Cobham, Aerovironment Inc. Corporation, BAE Systems PLC, Lockheed Martin Corporation, Recon Robotics, Knight Scope, SMP Robotics, Leonardo SPA, Kongsberg Gruppen, IRobot Corporation, Qinetiq, and RoboTex.

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Regional Analysis:

Geographically, North America is estimated as significant market for security robots contributing majorly to the revenue owing to the increasing commercialization in various industries. Modern weapons and advanced technology for overseas contingency operations, is also driving constant growth of the regional market. Additionally, Asia Pacific countries such as Japan, China and South Korea are expected to witness swift growth over the forecast period owing to developing technological investment particularly in manufacturing sector. The regional firm growth has been directed by accelerating demand for the robots in defense, security, medical and various household applications.

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