The rising demand for autonomous systems in security and surveillance and the increasing adoption of smart security and surveillance appliances is expected to drive the growth of security robots market. The market for cloud robotics is anticipated to expand at a CAGR of 8.9% during the forecast period from 2017 to 2025. The global security robots market is anticipated to reach US$ 3,881.4 Mn till 2025. There has been a considerable concern for safety aspect throughout the world.
Smart security systems installed into huge commercial applications and also deployed into residential as well as other indoor applications addresses this concern. However, high total cost of ownership of security robot systems is restraining the growth of the market to some extent. On the other hand, some of the problems faced presently by the security industry are lack of training, high turnover, and low wages. To address this concern, companies are deploying security robots which is creating high growth opportunities for the growth of security robots market.
The global security robots market has been segmented on the basis of component, environment, type, application, industry vertical and region. On the basis of component, the market is segmented into hardware, software and services. In 2016, hardware segment in security robots market accounted for the maximum share, at around 53.1% of the revenue generated in security robots market. Furthermore, software is expected to show sustainable growth during the forecast period due to exponential growth in robotics as a service (RaaS). Also, demand for advanced software platforms for effortless integration between robot and humans in anticipated to increase during the forecast period.
Request Sample For More Information@
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17591
Based on the environment, the market is segmented into indoor and outdoor. Outdoor segment accounted for largest market share of the market in 2016 while indoor is expected to grow at a higher CAGR during the forecast period. The type segment is divided into ground robots, aerial robots and others. In 2016, ground robots accounted for the largest revenue share and it is also expected to grow at higher CAGR during the forecast period.
Application segment is divided into demining, explosive detection, firefighting, patrolling & surveillance, rescuing operations, spying and others. In 2016, the patrolling and surveillance segment held the largest revenue share, while, spying is expected to expand at a higher CAGR during the forecast period owing to growing demand from defense sector. In terms of industry vertical, the global security robots market is classified into chemical & mining, defense & aerospace, entertainment & leisure venues, oil & gas, manufacturing and others.
North America Held Leading Share of 30.7% in Overall Market
Geographically, North America is the largest market for security robots market, globally. In 2016, the region accounted for 30.7% of the overall security robots market’s revenue. Moreover, Asia Pacific is expected to witness the fastest growth during the forecast period. Countries such as China, Japan and South Korea are expected to be at the forefront of security robots adoption due to increased technological investment in the region.
Request Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17591
The global cloud robotics market is analyzed by segmenting it on the basis of component, environment, type, application, and industry vertical. Based on component, the market is classified into hardware, software and services. The environment covered in the report are indoor and outdoor. In terms of type, the global security robots market is segmented into ground robots, aerial robots and others. The application segment is classified into demining, explosive detection, firefighting, patrolling and surveillance, rescuing operations, spying and others.
The security robots market is segmented on the basis of chemical & mining, defense & aerospace, entertainment & leisure venues, oil & gas, manufacturing and others. Geographically, the global market for security robots has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2016 to 2024. The analysis by component, environment, type, application, industry vertical and region helps in evaluating the present scenario and growth prospects of the security robots market over the forecast period from 2017 to 2025.
Global Security Robots Market: Competitive Outlook
A list of recommendations have been provided for new entrants to help them establish a strong presence and for existing market players to take strategic decisions and strengthen their market position in the global security robots market. The report concludes with the profiles of major players in the security robots market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis, segment presence, and recent developments.
Read Latest Press Release Here@ https://www.prnewswire.co.uk/news-releases/advancements-in-research-related-to-biodegradable-plastics-to-drive-demand-within-the-global-plastic-bags-and-sacks-market-tmr-811089338.html
Some of the major players in the global security robots market with the significant developments are Aerovironment, Inc., BAE Systems PLC, Boston Dynamics, Cobham PLC, Elbit Systems Ltd., Knight Scope, Liquid Robotics, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Omron Adept Mobile Robots LLC, Qinetic Group PLC, Robot Security Systems, SMP Robotic Systems Corp. and Thales Group among others.
