Current Business Affairs Global Security Robotics Market 2018

Security Robotics Market Analysis By Segment, By Type, By
Environmental, By Application, By Industry, By Region & Segment
Forecast, 2017 – 2025
Market Definition:
The global security robots market was valued at USD 1.32 billion in 2015 with a CAGR of over 8% over the forecast
period. Growing implementation of smart security & surveillance along with increasing demand for autonomous systems
in surveillance & security appliances is anticipated to boost the industry growth. The demand of the robots is expected
to augment with the new emerging technologies in the sector
The robots have locomotive abilities, for collecting data and implement the functions accordingly. The data is collected
through various devices which include radars, infrared or ultrasonic sensors, cameras, thermal sensors, and others.
Increasing demand for advanced technology equipment for building the strong defense sector is also projected to fuel
the growth.
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Market Growth and Analysis:
Security concerns along with increasing penetration of automation techniques such as Robotic Process Automation
(RPA), desktop automation, enterprise RPA, intelligent process automation, heuristics, and autonomics are primarily
driving the demand for security robotics industry. Also, increasing deployments of smart security systems in various
indoor application in commercial and residential sectors will also benefits the industry demand. Furthermore, the robots
are installed to perform various tasks which includes surveillance, patrolling, and guarding outdoor and indoor activities.
High installation costs of security robots’ system and lack of operational training may hamper the industry growth.
Market Segment:
Security robots market is segregated based on component, type, application, environment, and industry. The
component segment is further segmented into hardware, software, and services whereas the type segment includes
ground, aerial and marine robots. The environment segment includes indoor and outdoor environment. These robots
are primarily installed in airports, banks, offices, warehouses, hospitals, and other indoor environment. Based on
application, the industry is segmented into transportation, demining, explosion rescuing operations, patrolling,
surveillance, detection, firefighting, spying, and others. Further, chemical & mining, defense & aerospace, entertainment
& leisure venues, oil & gas and manufacturing are few industry verticals considered.
Hardware segment is estimated to contribute majorly in the industry and is expected to maintain the dominance over
the forecast period. Hardware segment further comprises of articulated robots, Cartesian robots, Selective Compliance
Assembly Robot Arm (SCARA) robots, and other robots. Furthermore, the functions of hardware segment includes
welding, assembling and disassembling, painting, and material handling , cutting and milling, and others. Also, the
services category is further sub-divided into leasing, rental, & maintenance services.