Increasing adoption of unmanned solutions by different military and defense forces is leading to the rise in demand for security robots worldwide.
The military and defense forces worldwide are increasingly using unmanned solutions due to the advantages they offer such as reliability and quality. During the last decade, the total number of active conflicts has increased throughout the world, for instance, the European refugee crisis and disputes in the South and East China. These geopolitical instabilities and territorial conflicts have resulted in the growing need for security robots.
Unmanned aerial vehicles (UAVs) held the largest share of the security robots in 2015; the market for UAVs is expected to be the largest revenue maker during the forecast period. UAVs are being used by various countries worldwide as an effective measure against terrorist activities.
The security robots market for demining applications is expected to grow at the highest CAGR during the forecast period. Unmanned guided vehicles are equipped with their own processing resources, sensors, actuators, and drill systems, which help them to safely and remotely disable the landmines.
Camera systems is expected to hold the largest share of the security robots market during the forecast period. Camera systems are used in unmanned vehicles for round-the-clock video monitoring, investigation, remote surveillance, border guard and the protection of critical infrastructure, thermographic inspection of inaccessible buildings, as well as firefighting and law enforcement jobs.
Researcher said that the the global security robots market was valued at USD 1.34 Billion in 2015 is expected to reach USD 2.36 Billion by 2022, at a CAGR of 8.56% between 2016 and 2022.
North America held the largest share of the global security robots market in 2015; it is expected to hold the largest share of the global security robots market between 2016 and 2022. The security market in APAC is expected to grow at the highest CAGR between 2016 and 2022.
The major players operating in the security robots market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), and Elbit Systems Ltd. (Israel) among others. The major players in the security robots market have adopted the strategies of contracts and agreements, along with new product launches, to grow in this market.
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