SECURITY ROBOT MARKET ANALYSIS

Security Robot MarketSize and Trends

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

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.