SECURITY ROBOT MARKET ANALYSIS

The global security robot market size was valued at US$ 11.8 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 12.87% from 2022 to 2030. There are many factors driving the growth of the global security robot market. These include the rise of terrorist attacks, geopolitical instability and territorial disputes, and the increasing government expenditure to bolster military and defense capabilities. The market is also fueled by the rise in government investment in R&D activities for robotics.

Global Security Robot Market: Regional Insights

North America is anticipated to show substantial growth in the global security robot market during the forecast period. This is owing to growing use of unmanned solutions in the surveillance and security forces of the U.S. As the disputes and terrorist attacks are increasing all over the country in schools and public places. This in turn is driving the security concerns in the country, which further creates demand for security service robots. Moreover, government investments in Canada in the technology is also driving growth of this market across the region.

Moreover, Asia Pacific is also projected to show significant growth in the global security robot market over the forecast period. This can be attributed to rapid growth of military robotics industry in China, as the country continues to upgrade its military capabilities. Moreover, significantly increasing active disputes in India, along with rising terrorist attacks in schools and public places. These factors are creating demand for security robots in these countries, which in turn is fueling growth of the global security robot market across the region.

Figure 1: Global Security Robot Market Share (%), By Region, 2022

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Global Security Robot Market Drivers:

Rise in use of robots in surveillance and security applications to drive the market growth

The use of smart security robotics helps in tracking people and assets, patrol physical areas, record data, and in other applications. These robots can pinpoint problems that could be not easy for humans to detect. Moreover, these robots can operate 24/7. Security robots can move around for monitoring security-sensitive locations, can consist significant sensors including thermal, infrared, LiDAR, and ultrasonic. The use of these robots is increasing to assist human security personnel as they take over some monotonous, manual labor such as patrols. Thus, growing use of robots in surveillance and security applications is expected to fuel growth of the market during the forecast period.

Increasing concerns regarding safety to augment market growth

The crime rates are increasing all over the world, due to which safety concerns are increasing. This in turn is creating strong demand for security robots. For instance, as per the National Statistics of the U.K., the rate of crime in the country has increased from 69 per 1,000 inhabitants in 2014 to 95 per 1,000 inhabitants in 2019. Several private and public institutions around the world are finding cost-effective ways for deterring crime and protecting property and people. From neutralizing threats in real-time to capturing data for forensic investigation, autonomous systems are effective in detection and discouragement of vandals, trespassing, break-ins, and theft. Thus, demand for security robots is increasing with increasing safety concerns around the world. This factor is expected to boost growth of the global security robot market during the forecast period.

Global Security Robot Market Opportunities:

Growing popularity of security robotics due to their benefits will bring multiple opportunities in the global security robot market during the forecast period. The autonomous security robotics continues advance as it is still in its early stage. Current smart security robots are capable of tracking assets and people, recording data, and patrolling physical regions among others. This technology can pinpoint all the issues that are hard for humans to detect. Moreover, these robots can work non-stop without requiring breaks. Thus, such benefits of security robotics is driving their popularity, due to which the market is likely to see ample opportunities.

Emergence of AI technology to create business opportunities in the global security robot market during the forecast period. Artificial Intelligence (AI) field is showing rapid growth with potential significant use for national security. With increasing technological development, AI technologies are increasingly becoming advanced. The U.S. for instance along with other nations are focused on development of AI applications for various military functions. Thus, emerging AI technology is likely to bring various lucrative opportunities in the global security robot market during the forecast period.

Global Security Robot Market Trends:

Growing inventions in the robotics space is a major trend in the market

The rate of innovations in the robotics field is rapidly increasing, which in turn is likely to support the market growth. For instance, The Afghan all-girls robotics team developed a pair of robots for identifying and neutralizing land mines. These robots can be utilized as security robots in areas that require to identify land mines. Several other innovations are being carried out in this field, which is likely to boost demand for security robots in multiple fields. This trend is likely to continue in the market over the coming years.

Rise in applications in de-mining is a growing trend in the market

The use of security robots in de-mining applications is increasing for ensuring complete safety of a personnel. As per the Russian Defense Ministry reports, in December 2020, Russian sappers used the Uran-6 multifunctional robotic system for demining the region around Stepankert Airport. Due to the robotic complex, the productivity in the cleanup of the region from explosive objects increased. Thus, this trend is expected to drive growth of the global security robot market during the forecast period.

Global Security Robot Market Restraints:

Growing privacy and intrusion concerns to impede growth of the market

Security robots are utilized in various places including public spaces, offices, and malls. These robots are however, collecting large amount of data compared to humans, which suggests that these robots are like mobile surveillance machines than traditional guards. This factor can cause concerns linked to intrusion and privacy. As these robots scan areas with the use of LiDAR, camera and optional thermal imaging, they can also identify wireless devices. Due to this ability, they can track individuals in their proximity. Such technologies are being called out as invasive and unlawful by privacy activities. Thus, this factor is likely to hinder growth of the global security robot market during the forecast period.

Lack of reliability of this technology to restrain the market growth

Security robots are unreliable in terms of functionality in military operations, and this is an important aspect in several defense applications. Failure of these robots can be divided into technology failures, design failures, environmental failures, manufacturing failures, and operational failures. In case of a failure, it requires potential precautionary measures and contingency plans. Due to their unreliability, in terms of their functionality, the use of security robots in military as well as convert operations can cause loss of confidential data. Thus, this factor is expected to hamper the market growth in the near future. However, the growing innovations in this field is likely to bring technology with high reliability and efficiency. This will further support the market growth in the coming future.

Figure 2: Global Security Robot Market Share (%), By Type, 2022

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 Global Security Robot Market Segmentation:

The global security robot market report is segmented into Type of Robot, End User Industry, and Application.

Based on Type of Robot, the market is segmented into Unmanned Aerial Vehicle, Unmanned Ground Vehicle, and Autonomous Underwater Vehicle. Out of which, Unmanned Aerial Vehicle is expected to dominate the global market over the forecast period and this is attributed to the increasing focus of market players on innovation of novel products. An unmanned aerial vehicles works without requiring human pilot.  In February 2021, Paras Aerospace, announced the plans to launch an indigenously developed affordable multi-spectral camera for UAVs for applications in urban development, agriculture, and forest survey.

Unmanned Ground Vehicles segment is also expected to witness significant growth in the near future and this is owing to the high demand for UGVs in regions such as Europe and North America. An Unmanned Ground Vehicle is an autonomous robot in contact with the ground and operates without any onboard human assistance. In March 2020, an arms company from China revealed its ‘Mule-200’ unmanned ground vehicle that is capable of transporting ammunition and supplies or can offer fire cover.

Based on End User Industry, the market is segmented into Defense and Military, Residential, and Commercial. Out of which, Defense and Military is expected to dominate the global market over the forecast period and this is attributed to the growing defense expenditure and technological advancements. The demand for security robots is high in battlefield and military applications, as the investment by governments in this sector. Thus, the segment is likely to witness strong growth in the market.  

Residential segment is also expected to witness significant growth in the near future and this is owing to the growing trend of smart homes. As the crime rates are growing all over the world, people are increasing focusing on safety and security systems, majorly in residential area. This is further driving the adoption of security robots in smart homes further driving the growth of this segment.

Based on Application, the market is segmented into Spying, Explosive Detection, Patrolling, Rescue Operation, and Other Types of Applications. Out of which, Spying is expected to dominate the global market over the forecast period and this is attributed to the technological innovations and growing military and army requirements of developed nations. Security robots are utilized in spying, to spy on enemy territories. Most parts of these applications are performed by the defense and military sector of any country. Thus, demand for security robots is increasing in such applications, which in turn is driving growth of this segment.

Patrolling segment is also expected to witness significant growth in the near future and this is owing to the rise in developments in security robots used in patrolling such as, use of solar panels, due to which they can perform constant video monitoring without requiring external power grids. For instance, in February 2021, Boston Dynamics advancements in their robot dog, Spot to make it more self-sufficient. The company also announced a new version of this robot, Spot Enterprise that comes with a charging stand to recharge its batteries on its own.

Global Security Robot Market: Key Developments

In September 2020, Lockheed Martin announced that it may offer a study for an integrated and capable payload ship that patrols for longer times, as part of the Large Unmanned Surface Vessel competition of the U.S. Navy. Lockheed Martin also revealed that it forming a partnership with Vigor Works LLC, as the shipbuilder of the team.

In January 2020, BAE Systems Plc. released two agreements of asset purchase worth nearly US$ 2.2 billion for acquiring Military Global Positioning System business of Collin Aerospace and Airborne Tactical Radios business of Raytheon, and both of these will be added in the portfolio of Electronic Systems.

In January 2021, AeroVironment Inc. entered into a definitive agreement with Arcturus UAV Inc. and under this agreement AeroVironment will be acquiring Arcturus UAV for a total US$ 405 million purchase, which also includes US$ 355 million in cash and US$ 50 million in AeroVironment stock.

In December 2020, Knightscope Inc. introduced its Public Safety App on Google Play and App Store, which focuses on improving the U.S. security operations. With this app, anyone can record a video of a place requiring Autonomous Security Robot for public safety, after which, the company will follow up and give a solution to the officials.

Global Security Robot Market: Key Companies Insights

The global security robot market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global security robot market are Recon Robotics Inc., Lockheed Martin Corporation, RoboTex Inc., Northrop Grumman Corporation, QinetiQ, Thales SA, Kongsberg Gruppen, BAE Systems PLC, FLIR Systems Inc., Elbit Systems Limited, Boston Dynamics Inc., Leonardo SpA, SMP Robotics, AeroVironment Inc., DJI, and Knight Scope.

*Definition:

A Security Robot is a robotic device that performs security tasks such as reporting, monitoring, investigating, and detecting intruders. It is used to increase the degree of safety and security in commercial establishments like malls, schools or campuses, or multi-building medical complexes.