Albany, NY -- (SBWire) -- 01/03/2018 --According to TMR, the global security robots market is likely to reach US$3,881.4 mn by the end of 2025, from US$1,862.1 mn, which was its valuation in 2016. Considering these figures deem correct, the global security robots market will exhibit an impressive 8.9% CAGR between 2017 and 2025. Regionally, North America accounted for the dominant 30% of the global market in 2016. In addition, the Europe security robot market is likely to boast strong growth during the course of the forecast period. Among the key industries, the demand from defense & aerospace segment was the highest. It held nearly 24.2% of the global market in 2016.
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Global Security Robots Market: Overview
This report aims to provide a comprehensive strategic analysis of the global security robots market along with revenue and growth forecasts for the period from 2015 to 2025. With advancements in security robots and rising demand for safety in industrial sectors such as manufacturing and transportation & logistics, the security robots market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide include the proliferation of security robots technology and growing need for automation in developing regions such as Asia Pacific, high demand from the manufacturing sector, advent of industry specific security robots in developed regions such as North America & Europe and increasing awareness of security robots. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models.
Global Security Robots Market: Scope of the Study
This research study on the global cloud robotics market provides a detailed analysis of security robots deployed for different applications by end-users depending upon their needs. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry and are expected to influence the market growth during the forecast period from 2017 to 2025. It includes a comprehensive coverage of the underlying economic and technological factors influencing the security robots market growth. It provides the competitive landscape of key players in the security robots market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The study explains the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.
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Global Security Robots Market: Key Segments
The global cloud robotics market is analyzed by segmenting it on the basis of component, environment, type, application, and industry vertical. Based on component, the market is classified into hardware, software and services. The environment covered in the report are indoor and outdoor. In terms of type, the global security robots market is segmented into ground robots, aerial robots and others. The application segment is classified into demining, explosive detection, firefighting, patrolling and surveillance, rescuing operations, spying and others. The security robots market is segmented on the basis of chemical & mining, defense & aerospace, entertainment & leisure venues, oil & gas, manufacturing and others. Geographically, the global market for security robots has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2016 to 2024. The analysis by component, environment, type, application, industry vertical and region helps in evaluating the present scenario and growth prospects of the security robots market over the forecast period from 2017 to 2025.
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Global Security Robots Market: Competitive Outlook
A list of recommendations have been provided for new entrants to help them establish a strong presence and for existing market players to take strategic decisions and strengthen their market position in the global security robots market. The report concludes with the profiles of major players in the security robots market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis, segment presence, and recent developments. Some of the major players in the global security robots market with the significant developments are Aerovironment, Inc., BAE Systems PLC, Boston Dynamics, Cobham PLC, Elbit Systems Ltd., Knight Scope, Liquid Robotics, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Omron Adept Mobile Robots LLC, Qinetic Group PLC, Robot Security Systems, SMP Robotic Systems Corp. and Thales Group among others.
Market Segmentation:
Security Robots Market, by Component
Hardware
Software
Services
Security Robots Market, by Environment
Indoor
Outdoor
Security Robots Market, by Type
Ground Robots
Aerial Robots
Others
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Security Robots Market, by Application
Demining
Explosive Detection
Firefighting
Patrolling & Surveillance
Rescuing Operations
Spying
Others
Security Robots Market, by Industry Vertical
Chemical & Mining
Defense & Aerospace
Entertainment & Leisure Venues
Oil & Gas
Manufacturing
Others
In addition, the report provides cross-sectional analysis of the security robots market with respect to the following geographical segments:
North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia Pacific
Middle East and Africa (MEA)
The UAE
Saudi Arabia
South Africa
Rest of the Middle East & Africa
South America
Brazil
Rest of South America
Security Robots Market Anticipated to Reach US$ 3,881.4 Mn Till 2025: Rising Demand from Diverse Sectors to Boost Growth
Recent released report, industry analysis and forecast on "Security Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025"