Transparency Market Research has released a new market report entitled “Security Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” on to their report store.

Albany, NY -- (SBWire) -- 09/08/2017 --A security robot is a robot used to replace or assist human personnel in activities that are deemed hazardous, or activities for surveillance. These security robots are generally equipped with a navigation system and an array of sensors for detecting intruders. It may also incorporate microwave detectors and ultraviolet and infrared cameras. Robots are made to work in groups in order to cover large areas. Security robots are also called sentry robots.

The development of security robots has revolutionized the role of robots in the defense & military sector. Globally, it is witnessed that there has been an increasing tendency to adopt unmanned solutions in defense and military forces, owing to a number of benefits such as reliability and quality. An increase in the number of active conflicts all over the globe, in the last decade, has raised the need for security robots. For example, events such as the European refugee crisis and disputes in East and South China have spurred the demand for security robots.

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The global security robots market has immense potential. It is expected to be driven by rising incidents of geographical instabilities and terrorist conflicts. Additionally, rise in the defense expenditure in developing countries and growing number of autonomous operations undertaken by various regions are driving the global security robots market.

In spite of all benefits offered by security robots, high cost of the robot equipment is expected to be a constraining factor for growth of the global security robots market.

The global security robots market has been segmented on the basis of type, component, and geography. By type, the global security robots market has been segmented into unmanned underwater vehicles, unmanned group vehicles, and unmanned aerial vehicles. By component, the global security robots market has been divided into navigation systems, camera systems, controller systems, and sensors. On the basis of geography, the global security robots market has been segmented into North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America.

On the basis of type, the unmanned aerial vehicles (UAVs) segment is estimated to hold a significant share of the global security robots market. UAVs do not only undertake reconnaissance, surveillance, and intelligence missions but also suppress, strike, attack, and destroy enemy communications relay, network node, and air defense. UAVs are also used in combats to perform rescue and search operations. Due to these benefits, UAVs are increasingly being used by the NATO alliance and the U.S. Army against terrorist outfits in Afghanistan, Iraq, Libya, and Syria. Moreover, there has also been rise in the use of UAVs by security agencies for surveillance and patrolling of major sports events such as Euro Cup and FIFA World Cup.

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The sensors industry is expected to expand at a speedy pace. Laser and CBRN sensors are used in security robots for inertial navigation systems, electro-optical countermeasures, missile defense, guiding munitions, and marking targets. Electro-optics systems are being used at an increasing rate by defense forces all over the world.

Among regions, North America is anticipated to dominate the global security robots market from 2016 to 2024. Surging demand for the latest weapons and advanced technologies for overseas operations including Afghanistan, Iraq, and Syria has boosted the security robots market in this region. Presently, ongoing operations in Syria and Libya against terrorist outfits have provided great incentives for the U.S. to use technologies based on security robots. The market for security robots in Asia Pacific is expected to hold immense potential during the forecast period, due to rise in investment for upgrade and strengthening of weapons and surveillance guidance capabilities in emerging economies such as India, China, and Japan.

Key players operating in the market for security robots include Thales SA (France), Mount View Company (the U.S.), Elbit Systems Ltd. (Israel), Lockheed Martin Corporation (the U.S.), BAE Systems PLC (the U.K.), Northrop Grumman Corporation (the U.S.), Robot Security Systems (Netherlands), LG (South Korea), Allied Universal (the U.S.), and SMP Robotics (California).