Security Robot Market Size, Growth & Share By [2031]

(MENAFN- Straits Research) Security robots are motility capabilities that can collect data for security purposes and, when necessary, take action based on this data. This data is acquired using a variety of sensors, including infrared devices, radars, cameras, thermal sensors, etc. Several recent advancements indicate a possible future use for security robots. The development and enhancements of deep learning and neural Network technologies have enabled these robots to learn and enhance their capabilities over time.
These robots can be utilized to undertake surveillance and other operations based on analytics in rugged terrains and situations. Several sensors have also enhanced robots' ability to analyze their surroundings and provide more reliable data. This has greatly facilitated its inclusion into military equipment. In addition, the remote sensing capabilities of these robots (as a result of the incorporation of wireless sensors) are anticipated to increase their home and commercial uses.
Market Dynamics
Increased Use of Robots in Security Applications Propels the Global Security Robot Market
Within the next decade, it is anticipated that security robots, including drones, will play a prominent role in security and surveillance applications. In the security environment, flying devices assist with site assessments, the location of optimal camera placement, and the remote monitoring of perimeters, among other tasks. Drones are advantageous due to their mobility and compact size. They can act independently while sending human professionals analyses and real-time data. The military increasingly deploys unmanned aerial vehicles (UAVs) due to their ability to discover security and terrorism-related difficulties and pinpoint risk-prone locations.
UAVs are the modern-day force multiplier that can boost the capacity of security forces to contain terrorism and meet emerging defense and homeland security concerns. Furthermore, unmanned underwater vehicles (UUVs) are anticipated to bring about significant changes to undersea warfare, including long-range and endurance attack and surveillance operations amid minefields and enemy submarines, as well as the capability to strike the undersea, surface, or land targets with improved targeting at long ranges. This aspect will likely enhance the use of such robots in the military. Thus, the market is driven by the causes mentioned above.
Improved Investments by Governments Create Lucrative Opportunities for the Global Security Robot Market
The market is anticipated to expand due to the increased investments made by governments of various areas to keep troops safe and serve as force multipliers on future battlefields. General John "Mike" Murray, the commanding general of Army Futures Command, stated in January 2021 that robotics, autonomy, and artificial intelligence would alter the nature of warfare in the following decades. The service portfolio includes small unmanned aerial systems, ground robots, logistical trucks, combat vehicles, and soldier-borne exoskeletons.
According to his presentation slides, funding increased from USD 17 million in the fiscal year 2015 to USD 379 million in 2021. These services aim to improve situational awareness, reduce troops' physical and mental burdens, enhance sustainment, ease movement and maneuver, and defend the force. Approximately 20 robotics programs are active inside the Army, which will likely expand significantly throughout the forecast period. Such investments generate attractive market prospects.
Regional Analysis
North America accounts for the largest market share and is estimated to grow at a CAGR of 12.8% during the forecast period. Due to its advantages, such as quality and dependability, security and surveillance agencies in the United States increasingly employ unmanned technologies. The number of ongoing disagreements throughout the country has increased over the past decade, as have terrorist attacks on public places and schools. These geopolitical instabilities and territorial disputes will increase the need for security robots in the country over the forecast period.
Europe is predicted to reach USD 7 billion by 2030, growing at a CAGR of 14.6%. Germany is one of the leading economies in Europe, accounting for a sizeable portion of worldwide military and aerospace spending. Major German defense manufacturers, such as Rheinmetall AG, Diehl Stiftung & Co. KG, Krauss-Maffei Wegmann GmbH & Co. KG, etc., are significantly increasing the development of defense technologies and production rates via national and international investments, collaborations and partnerships, etc. Additionally, Germany is expanding its funding in various space programs and cooperating closely with the European Space Agency (ESA). These occurrences are anticipated to increase the regional demand for security robots.
Asia-Pacific is the fastest-growing region. China has been at the forefront of developing robotic systems with artificial intelligence (AI), especially those focusing on defense and national security. The military robotics industries in the country are rapidly growing in size and quality as the country upgrades its military capabilities. The government has been highly focused on exporting defense-based AI robotic systems incorporating typical security functions such as facial recognition and mass surveillance. UAVs are finding a way into defense forces in the country for many operations, such as ammunition, sensor deployment, mine countermeasure, explosive ordnance disposal, intelligence, surveillance, reconnaissance, and anti-submarine warfare, among others.
Key Highlights

The global security robot market size was worth USD 10 billion in 2021. It is predicted to reach an expected value of USD 28 billion by 2030, growing at a CAGR of 14.2% during the forecast period (2022–2030).
By type,
the global security robot market is segmented Into Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Autonomous Underwater Vehicles. Unmanned Aerial Vehicles (UAVs) account for the largest market share and are estimated to grow at a CAGR of 14.6% over the forecast period.
By end-user,
the global security robot market is segmented into Defense & Military, Residential, and Commercial. Defense & Military accounts for the largest share and is estimated to grow at a CAGR of 13.4% over the forecast period.
By application,
the global security robot market is segmented into Spying, Explosive Detection, Patrolling, Rescue Operations, and Others. Patrolling accounted for the largest market share and is estimated to grow at a CAGR of 12.8% during the forecast period.
By region,
the global security robot market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America holds the leading market position.

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

In July 2022,
HMS Lancaster departed Portsmouth Naval Base today, marking the completion of a period of maintenance and upgrades delivered by BAE Systems to optimize her for upcoming deployments. The Royal Navy Type 23 Frigate will spend a brief period on NATO tasking ahead of further implementations.

Global Security Robot Market: Segmentation
By Type

Unmanned Aerial Vehicles
Unmanned Ground Vehicles
Autonomous Underwater Vehicles

By End-user

Defense & Military
Residential
Commercial

By Application

Spying
Explosive Detection
Patrolling
Rescue Operations
Other Applications

By Regions

North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa

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