Security Robots Market

Security Robots Market Overview (2023 to 2033)

The newly released Security Robots Market analysis report by Future Market Insights shows that global sales of the security robots market in 2022 were held at USD 2.7 billion. With a 6% projected growth from 2023 to 2033, the market is expected to reach a valuation of USD 5.2 billion by 2033.

Security Robots Hardware is expected to be the high revenue-generating category, projected to register a CAGR of 5.5% from 2023 to 2033.

Phone scanning is a subtle form of surveillance with far-reaching consequences. It is not as intrusive as identifying someone by name, but it can be a valuable source of information, revealing a lot about someone's daily routine, such as how frequently and for how long they visit a specific area.

Robotic security guard machines are tenacious and consistent, with the patience of a machine. They can work 24 hours a day, have infrared cameras, and are less visible than humans performing comparable surveillance tasks. Also, it may be entertaining to see a robot for the first few times, but machines eventually fade into the background as they collect data.

The evolution of security and surveillance solutions into a new generation of autonomous security robots has resulted from the advancement and emergence of technologies in wireless communications, artificial intelligence, and robotics. Further, the advancement in security robots for search and rescue also contributed to the market expansion.

Attributes	Details
Global Security Robots Market Size (2023)	USD 2.9 billion
Global Security Robots Market Size (2033)	USD 5.2 billion
Global Security Robots Market CAGR (2023 to 2033)	6%
The United States Security Robots Market Size (2033)	USD 480 million

Revenue of Security Robots Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

The market value of the security robots market increased at around 5.6% CAGR historically from 2018 to 2022 as per the security robots market research by Future Market Insights.

OneZero has issued a new report outlining the scope of data gathering, which include promotional materials and agreements between Knightscope and multiple city councils. Both demonstrate that the primary function of these robots is data collection, such as license plate scans, facial recognition scans, and the presence of nearby mobile devices. Only a machine can provide this level of surveillance.

In the forthcoming years, the market is likely to be driven by rising geopolitical instabilities and territorial conflicts, as well as an increase in the use of unmanned solutions by various military and defense forces. Furthermore, the remote sensing capabilities of these robots, as well as the growing need to patrol shopping malls, parking lots, and other public areas, are expected to drive the market in the coming years.

Factors Propelling Security Robots Demand

• During the forecasted period, the market is expected to be driven by increased security spending by various organizations, as well as increased awareness about secure premises. Also, higher security robot costs and stringent regulatory environments in various regions are likely to be market restraints.
• Security robots are becoming common in shopping malls, offices, and public places. While these robots are frequently depicted as friendly patrol robots that are assumed to eventually replace human security guards, they collect more data than humans. They are similar to security mobile robots compared to traditional security guards.
• Many businesses around the world have gradually embraced these solutions. Also, studies predict that the global demand for security robots including UGV security, AUV security, and, UAV security is anticipated to expand significantly over the next five years.
• Their applications include asset, property, and personal security, as well as monitoring and intrusion detection. It also offers benefits like cost savings and increased personnel specialization in the field of security management. Also, many security robot companies are testing self-driving robots to improve surveillance and security operations.

Country-wise Analysis

Country Lies at the CenterStage for Security Robots Market Revenue

China is expected to account for the high market share of USD 490 million by the end of 2033. As per the United States intelligence reports, China succeeded in convincing Russia to delay its encroachment on Ukraine till after the Olympics in Beijing.

Moscow is expected to become Beijing's partner on the international stage, according to reports regardless of how the current Ukrainian crisis is resolved. There is no doubt that China has emerged as the United States' primary competitor.

According to sources, China demonstrated new artificial intelligence (AI) and robotics technologies critical to the current geopolitical tensions between the United States with China during the recent Beijing Olympics, emphasizing a specific threat. Further, advanced Chinese technology, ranging from driverless buses to 5G-powered high-speed rail, was prominently displayed.

China is doubling down on next-generation technology in general, and artificial intelligence in particular. The United States falls behind-to the point where the Pentagon's first chief software officer, Nicolas Chaillan, recently resigned in a protest of the country's slow pace of technological transformation. He is also claiming that the United States is poised to have no competing fighting chance against China in 15 to 20 years.

The number of active conflicts in the country has increased over the last decade, as has the number of terrorist attacks in public areas and universities. Due to geopolitical instabilities and territorial disputes, the country's demand for security robots has increased over the forecast period. As the country's terrorist activity grows, so will the use of robotic security guards.

Category-wise Insights

Hardware Security Robots Segment is Projected to Witness Notable Growth among Security Robot Components

The hardware segment is forecasted to expand at a significant CAGR of over 5.5% from 2023 to 2033. The Internet of Things Robot (IoTR) is a new paradigm that connects everyday robotic systems to ubiquitously embedded sensors and smart objects.

Recent advances in robotic system applications have demonstrated the utility of mobile robots in real-world applications like navigation and surveillance. Patrolling and gas leak detection are two of the mobile robots' important applications.

The robot detects gas leaks and broadcasts live video of the surrounding area, which can be tracked using Google Maps. Simultaneously, the robot can be controlled remotely through a website or mobile app, and it can proceed independently and avoid collisions.

The proposed work makes use of readily available and low-cost components and sensors to create a high-quality Internet of Things robot at a low cost.

Outdoor Environment Type of Security Robots is Expected to Score High Growth in the Coming Years

The security robots market is projected to witness significant growth through Outdoor Environment, with a CAGR of over 5.4% from 2023 to 2033. Also, consumer drones are gaining popularity among manufacturers, buyers, enthusiasts, content creators, and cinematographers worldwide. This is because such drones are inexpensive and also provide elevated broad-range images.

Authorities in various parts of the world use surveillance drones for law enforcement and governance applications because of their compact size and service design. During the COVID-19 pandemic, governments increased their use of unmanned aerial vehicles (UAVs) for surveillance, spraying disinfectants in public places, crowd management, and identifying COVID-19 hotspots.

Competitive Analysis

The leading manufacturers of security robots are Aerovironment, Inc., BAE Systems Plc, Boeing, Cobham Plc, and Elbit Systems Limited. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.

The Market growth is expected to be fueled by collaborations among current players to improve quality throughout the research period.

• In April 2022, Team 1ST Technologies LLC joined SMP Robotics as a partner in the United States market. Experts on Team 1ST Technologies are going to assist SMP with the operation of autonomous mobile robots. Additionally, the company's operators might also remotely monitor the robots around the clock. A service like this allows robots to patrol a protected area continuously and around the clock.
• In September 2021, SMP Robotics announced its entry into Germany through a new distribution partner, Security Robotics Development & Solutions GmbH. With this, the company is estimated to begin serving European clients and might provide technical capabilities to train and deploy the most recent robotic solutions from SMP Robotics.
• In October 2020, at INTERGEO, SZ DJI Technology Co. Ltd. unveiled two new payload options for its flagship commercial drone platforms, the Matrice 300 RTK, as well as the DJI Zenmuse P1 and DJI Zenmuse L1. Further, the company expected that it is likely to revolutionize the industry by increasing efficiency and offering new perspectives at a low cost, It also maintains data quality and accuracy for precise aerial inspections and data collection missions.
• The Hyundai Motor Group declared the establishment of the Boston Dynamics AI Institute in August 2022. With USD 400 million in spending, the initiative sought to create fundamental breakthroughs in AI, robotics, and intelligent technologies. As a research-first organization, the institution is going to focus on addressing pressing difficulties in the development of sophisticated robots.
• Halodi Robotics inked a contract in March 2022 to supply 140 humanoid robots to ADT Commercial, the leading supplier of commercial security, fire, life protection, and risk consultancy services in the United States. With numerous client pilot programs already underway to test and develop robot capacity, ADT Commercial stated that the robot might be accessible to corporate clients in late 2022.

Report Scope

Report Attributes	Details
Global Security Robots Market CAGR (2023 to 2033)	6%
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Global Security Robots Market Size (2023)	USD 2.9 billion
Global Security Robots Market Size (2033)	USD 5.2 billion
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Solution, Application, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia;The Middle East & Africa (MEA)
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Profiled	Aerovironment, Inc.; BAE Systems Plc; Boeing; Cobham Plc; Elbit Systems Limited; SZ DJI Technology Co. Ltd.; SMP Robotics; Boston Dynamics; SAAB; ECA Group; Knightscope, Inc.; Kongsberg; Leonardo S.P.A.; Lockheed Martin Corporation; Northrop Grumman; Qinetiq; Thales
Customization	Available Upon Request

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
  • 5.1. Security Robot Hardware
  • 5.2. Security Robot Software
  • 5.3. Security Robot Services
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Environment
  • 6.1. Indoor
  • 6.2. Outdoor
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
  • 7.1. Ground Robots
  • 7.2. Aerial Robots
  • 7.3. Marine Robots
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 8.1. Demining
  • 8.2. Explosive Detection
  • 8.3. Fire Fighting
  • 8.4. Patrolling & Surveillance
  • 8.5. Rescuing Operations
  • 8.6. Spying
  • 8.7. Others
• 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry Vertical
  • 9.1. Chemical & Mining
  • 9.2. Defence & Aerospace
  • 9.3. Entertainment & Leisure Venues
  • 9.4. Oil & Gas
  • 9.5. Logistics
  • 9.6. Others
• 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 10.1. North America
  • 10.2. Latin America
  • 10.3. Western Europe
  • 10.4. Eastern Europe
  • 10.5. South Asia and Pacific
  • 10.6. East Asia
  • 10.7. Middle East and Africa
• 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 18. Key Countries Market Analysis
• 19. Market Structure Analysis
• 20. Competition Analysis
  • 20.1. Aerovironment, Inc.
  • 20.2. BAE Systems Plc
  • 20.3. Boeing
  • 20.4. Cobham Plc
  • 20.5. Elbit Systems Limited
  • 20.6. SZ DJI Technology Co. Ltd.
  • 20.7. SMP Robotics
  • 20.8. Boston Dynamics
  • 20.9. SAAB
  • 20.10. ECA Group
  • 20.11. Knightscope, Inc.
  • 20.12. Kongsberg
  • 20.13. Leonardo S.P.A.
  • 20.14. Lockheed Martin Corporation
  • 20.15. Northrop Grumman
  • 20.16. Qinetiq
  • 20.17. Thales
• 21. Assumptions & Acronyms Used
• 22. Research Methodology