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Security Robots Market Growth, Industry Forecast and Growth rate at CAGR of 8.56 % Between 2016 And 2022

Wednesday, November 9, 2016 5:32
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The global security robots market is in its growing phase, it is expected to reach USD 2.36 billion by 2022, at a CAGR of 8.56 % between 2016 and 2022. Rising geopolitical instabilities and territorial conflicts and increasing adoption of unmanned solutions by different military and defense forces are the major drivers for the global security robots market.

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“Unmanned underwater vehicles (UUVs) to grow at the highest CAGR during the forecast period”

The market for UUVs is expected to grow at the highest CAGR during the forecast period. Different navy agencies such as the US and Canadian naval agencies are preparing to upgrade their undersea warfare by deploying UUVs such as autonomous underwater vehicles (AUV) for a wide range of missions, including mine counter measure, harbor security, and search and salvage operations. This is driving the demand for UUVs.

“Spying applications estimated to have the largest share of the security robots market during the forecast period”

Security Robots Drivers

  • Rising geopolitical instabilities and territorial conflicts 38
  • Increasing adoption of unmanned system solutions by different military and defense forces

Security Robots Restraints

  • Stringent regulatory environment in different regions

Security Robots Opportunities

  • Increase in defense spending by the developing economies
  • Rising trend of autonomous operations

Security Robots Challenges

  • Development of high-quality and reliable solutions

Spying is the most important strategy in the modern warfare, which enable the defense forces to generate battlefield intelligence and thus, have an edge over the opposition. Security robots such as UAVs are used extensively by the US Army and NATO alliances to keep a watch on the militants and their activities in the regions affected by the extremist organizations.

“North America expected to have the largest share of the global security robots market during the forecast period”

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The major driver for the security robots market in North America is the increasing use of advanced weapons and technology in the region for overseas contingency operations such as Afghanistan, Syria, and Iraq. The market in APAC is estimated to grow at the highest CAGR during the forecast period. Increasing defense budgets in the developing countries of APAC is a major factor contributing to the growth of the security robots market in this region.

Breakdown of profile of primary participants:

• By company– tier 1: 20%, tier 2: 50%, and tier 3: 30%

• By designation– C-level executives: 10%, directors: 40%, and others: 50%

• By Region– North America: 60%, Europe: 25%, APAC: 10%, and RoW: 5%

“Our Value-Added Services provide you with 10% on demand customization with no additional costs”

Humanoids are one of the new advancements in the security robots market. Humanoids are being developed and used for military applications as they have remarkable mobility, agility, and dexterity speed. They can operate in any terrain and can be being sent in dangerous disaster zones, which are impossible for humans to enter.

The companies profiled in this Security Robots Market report include

  1. Lockheed Martin Corporation (U.S.),
  2.  Northrop Grumman Corporation (U.S.)
  3.  Thales SA (France)
  4.  BAE Systems Plc (U.K.)
  5. Elbit Systems Ltd. (Israel)
  6.  Finmeccanica, Inc. (Italy)
  7.  Aerovironment, Inc. (U.S.)
  8.  Knightscope (U.S.)
  9.  DJI (China)
  10.  Recon Robotics (U.S.)
  11.  Boston Dynamics (U.S.)
  12. Cobham (U.K.)
  13. Kongsberg Gruppen (Norway)
  14.  Qinetiq (U.K.)
  15.  iRobot Corporation (U.S.)


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Reasons to buy the Security Robots Market report:

• This report includes the market statistics pertaining to the environment, systems, and geography, along with their respective revenue.

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• The Porter’s five forces framework has been utilized, along with the value chain analysis, to provide an in-depth insight into the global security robots market.

• Major drivers, restraints, challenges, and opportunities for the market have been detailed in this report.

• Illustrative segmentation, analysis, and forecast for the market based on type, component, vertical, and geography have been conducted to give an overall view of the global security robots market.


About Absolute Report

Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.


Mr. Ameya Pingaley
Absolute Reports
+1-408 520 9750
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