According to the new market research report "Security Robots Market
by Type (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned
Underwater Vehicles), Component (Sensors, Controller Systems, Camera
Systems, Navigation Systems), Application and Geography - Forecast to
2022", the security robots market is expected to reach USD
2.36 billion by 2022, at a CAGR of 8.56 % between 2016 and 2022. This
growth can be attributed to the rising geopolitical instabilities and
territorial conflicts. 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 Sea.
This factors are driving the demand for security robots.
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Unmanned aerial vehicles (UAVs) to hold the largest share of the security robots market during the forecast period
UAVs are expected to hold the largest share of the
security robots market during the forecast period. UAVs not only perform
intelligence, surveillance, and reconnaissance missions but can also
attack, strike, suppress, and destroy enemy air defense, network node,
or communications relay, and combat search and rescue among others. Due
to these advantages, UAVs are increasingly used by the US Army and its
NATO alliances against the terrorist outfits in Syria, Libya, Iraq, and
Afghanistan. Also, different security agencies are increasing the usage
of UAVs for patrolling and surveillance of major events such as FIFA
World Cup and Euro Cup among others.
Sensors component to grow at the highest CAGR during the forecast period
The market for sensors is expected to grow at the
highest CAGR during the forecast period. CBRN and laser sensors are used
in security robots for marking targets, guiding munitions, missile
defense, electro-optical countermeasures, and inertial navigation
systems among others. Electro-optic systems are increasingly being used
by defense forces worldwide. EO/IR systems are integral to the
intelligence, surveillance, & reconnaissance (ISR) and intelligence,
surveillance, target acquisition, and reconnaissance (ISTAR)
capabilities of modern military forces.
North America expected to hold the largest share of the global security robots market between 2016 and 2022
The security robots market in North America is
segmented into the U.S., Canada, and Mexico. The increasing use of
advanced weapons and technology for overseas contingency operations such
as Afghanistan, Syria, and Iraq is driving the growth of the market in
this region. Currently, the ongoing operations in Syria and Libya
against terrorist outfits are prompting the U.S. to use advanced
technology-based security robots.
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.
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