Security Robots Market Research Report Categorizes Global Market by Type Unmanned Aerial Vehicles, Unmanned Ground Vehicles, by Component Sensors, Controller Systems, Camera Systems, by Application and Geography.
Pune, India -- (SBWIRE) -- 07/18/2016 -- The global security robots market was valued at USD 1.34 Billion in 2015 is expected to reach USD 2.36 Billion by 2022, at a CAGR of 8.56% between 2016 and 2022. The military and defense forces worldwide are increasingly using unmanned solutions due to the advantages they offer such as reliability and quality. During the last decade, the total number of active conflicts has increased throughout the world, for instance, the European refugee crisis and disputes in the South and East China. These geopolitical instabilities and territorial conflicts have resulted in the growing need for security robots.
Browse 72 market data tables with 54 figures spread through 174 pages and in-depth TOC on "Security Robots Market - Forecast to 2022"
Sample pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=242305735
Early buyers will receive 10% customization on reports.
Unmanned aerial vehicles (UAVs) to hold the largest share of the security robots market during the forecast period
UAVs are expected to hold the largest share of the security robots market during the forecast period. UAVs not only perform intelligence, surveillance, and reconnaissance missions but can also attack, strike, suppress, and destroy enemy air defense, network node, or communications relay, and combat search and rescue among others. Due to these advantages, UAVs are increasingly used by the US Army and its NATO alliances against the terrorist outfits in Syria, Libya, Iraq, and Afghanistan. Also, different security agencies are increasing the usage of UAVs for patrolling and surveillance of major events such as FIFA World Cup and Euro Cup among others.
Sensors component to grow at the highest CAGR during the forecast period
The market for sensors is expected to grow at the highest CAGR during the forecast period. CBRN and laser sensors are used in security robots for marking targets, guiding munitions, missile defense, electro-optical countermeasures, and inertial navigation systems among others. Electro-optic systems are increasingly being used by defense forces worldwide. EO/IR systems are integral to the intelligence, surveillance, & reconnaissance (ISR) and intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) capabilities of modern military forces.
North America expected to hold the largest share of the global security robots market between 2016 and 2022
The security robots market in North America is segmented into the U.S., Canada, and Mexico. The increasing use of advanced weapons and technology for overseas contingency operations such as Afghanistan, Syria, and Iraq is driving the growth of the market in this region. Currently, the ongoing operations in Syria and Libya against terrorist outfits are prompting the U.S. to use advanced technology-based security robots.
More Information : Security Robots Market
The major players operating in the security robots market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), and Elbit Systems Ltd. (Israel) among others.
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India