The Security Robots Market is expected to develop at a robust compound annual growth rate (CAGR) of 17.8% over the forecast period, from an estimated value of USD 31.7 billion in 2022 to USD 71.8 billion by 2027.
The market is divided into categories based on the type of underwater vehicles (UAVs) that are used, such as Fixed Wing, Rotary Wing, Wheeled, Tracked, Legged, Hybrid, and Autonomous Underwater Vehicles (AUVs), as well as application, end-user, and geographic factors. The demand for effective surveillance and monitoring solutions across a range of businesses and sectors, growing worries over security risks, and developments in robotic technology are some of the factors contributing to this expansion. Further driving market expansion is the increasing use of automation and artificial intelligence (AI) in security operations, along with the deployment of robots for activities like patrolling, reconnaissance, and surveillance. The increasing need for unmanned systems in defence, law enforcement, and critical infrastructure protection is another factor driving the market's expansion and highlighting the vital role security robots play in maintaining safety and security in a continually changing threat scenario.
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The market for security robots is expanding at a quick pace due to a number of important factors. One of these is the growing use of security robots in both the residential and commercial sectors, which is a result of the urgent demand for improved security measures. In addition, there is an increasing focus on enhancing security at the national and regional levels, which encourages a greater use of security robots in order to effectively counter possible attacks. The market is further supported by significant defence spending and investments made by nations throughout the world, which propels the creation and uptake of cutting-edge security solutions. Further driving the market's growth is the spike in demand for autonomous systems with real-time monitoring and reaction capabilities.
Major companies operating in the security robots market include Emerson (US), ABB (Sweden), Schneider Electric (France), Yokogawa (Japan), Endress+Hauser (Switzerland), Honeywell (US), Siemens (Germany), Fuji Electric (Japan), Danfoss (Denmark), and Hitachi (Japan).
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DRIVERS: Rising defense spending of countries worldwide related to boost of Security Robots Market
The use of cutting-edge technologies to strengthen borders against underwater risks is growing across nations as they deal with growing threats to their marine domains. The contemporary worldwide environment is replete with perils presented by terrorists, pirates, and seafaring individuals that disrupt maritime borders and jeopardise maritime security. For example, the UN reports that South Africa's 2,800 kilometres of coastline sees a significant volume of ship traffic, with an average of 580 vessels in 2019 alone. This migration has increased maritime transnational crimes, which has had a negative impact on the economy and encouraged illegal activities like drug and weapon trafficking and human exploitation. As a result, countries are increasing their defence spending to properly counter these threats. Unmanned Underwater Vehicles (UUVs) are essential to this effort; the armed services use them for a variety of purposes, such as mine countermeasures, surveillance operations, and anti-submarine warfare. Security robots, such as UUVs, are expected to see increased adoption in the upcoming years due to their many uses; they will be vital in protecting against threats to underwater security and propelling global market expansion.
OPPORTUNITIES: Development and incorporation of advanced technologies in UUVs
The low battery life of Unmanned Underwater Vehicles (UUVs) provides a significant impediment to their operational usefulness, requiring human involvement for the purpose of recharging. With a slower rate of degradation and a lower risk of leakage than traditional Li-ion batteries, nickel-metal hydride (NiMH) batteries have emerged as a viable alternative to this limitation. Because of their longevity, NiMH batteries are becoming more and more popular, especially for high-speed UUVs. Furthermore, UUVs are now much more capable of accommodating complex electronic equipment for imaging and monitoring purposes while also consuming less power thanks to advances in onboard sensor technology. Innovative technologies like underwater wireless power and battery intelligence systems are provided by companies like WiBotic (US), which make battery management easier for UUV operators. Similar to this, Kongsberg Maritime (Norway) presents the EELUME AUV, which may be permanently deployed on the seafloor thanks to its underwater charging capabilities. UUV operators can guarantee ongoing performance throughout extended underwater missions by streamlining operations and reducing the logistical difficulties related to battery maintenance by utilising such technological advancements.
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The security robots market in Asia Pacific is expected to grow significantly from 2022 to 2027
Driven by rising defence spending in nations like Australia, South Korea, and India, the Asia Pacific region emerges as a major growth engine for the security robots market, while Japan continues to see stable investment trends. The region offers significant prospects for the deployment of unmanned vehicles, since countries including South Korea, Japan, Australia, China, and India are actively enhancing their military capabilities. The strategic significance of improving military capability is highlighted by geopolitical dynamics, with major economies such as China and India placing a high priority on this front. The government of India, in particular, is considering security robots as a preventative precaution against possible infiltrations and security breaches along its borders with Bangladesh, Pakistan, and China.
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