Published on : Jan 10, 2018
Albany, New York, January 10, 2018: In the present time, there has been a significant concern for safety aspect throughout the world. To address this concern, companies are installing security robots which are crafting high growth opportunities security robots market. Security robot is utilized in assisting or replacing humans in hazardous environments. According to a recent analysis, North America is the largest market for security robots market, globally. In 2016, the region witnessed for 30.7% of the overall security robots market’s revenue. To pour more light on this, Market Research Hub (MRH) has broadcasted a fresh study titled “Security Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” to its online repository.
This analytical research report covers various segments of global security robots market on the basis of component, environment, type, application, regions and industry vertical. The research report also includes forecast analysis for a period of eight years, starting from 2017 (base year) till 2025 (assessment year). Various trends, developments, challenges and drivers that impact the growth of the security robots market are analyzed and their changing dynamics across key regions of South America, North America, Asia Pacific, Middle East and Africa (MEA) and Europe is included in this research study. Further, it provides the competitive landscape of key players in the security robots market in order to highlight the state of competition therein.
As per the key findings, the global security robots market is likely to reach US$3,881.4 mn by the end of 2025, from its valuation of US$1,862.1 mn, which was valued in 2016. If the evaluations got true, the global security robots market will exhibit an impressive 8.9% CAGR between 2017 and 2025. The report further adds that due to developments in security robots and rising demand for safety in industrial sectors such as manufacturing and transportation & logistics, the security robots market is expected to experience high growth in the coming decade.
Moreover, the study also analyzes that the Europe security robot market is likely to brag strong growth during the forecast period. While the key application of security robots remains in the defense sector, the market is likely to witness gradual progression in the firefighting, oil and gas, rescue operations, patrolling and surveillance and other sectors. Among the key industries, the demand from defense & aerospace segment was the highest. It held nearly 24.2% of the global market in 2016. Additionally, with companies investing in innovations, the market is projected to witness promising growth in the coming years.
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. Some of the foremost players in the global security robots market with the substantial developments are Aerovironment, Inc., Liquid Robotics, Inc., Omron Adept Mobile Robots LLC, Qinetic Group PLC, BAE Systems PLC, Robot Security Systems, Boston Dynamics, Cobham PLC, Elbit Systems Ltd., Northrop Grumman Corporation, Knight Scope, Lockheed Martin Corporation, SMP Robotic Systems Corp. and Thales Group.
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