Visiongain Publishes Security Robot Market Report to 2031

26 March 2021
Defence

Visiongain has published a new report on Security Robot Market Report to 2031: Forecasts by Component (Frames, Sensors, Controller Systems, Camera systems, and Others) By Application (Spying, Explosive detection, Firefighting, Rescue Operations, Transportation, and Others). PLUS, Profiles of Leading Security Robots Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

Global Security Robots market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.

COVID-19 Impact on Security Robots Market
The COVID-19 pandemic has impacted lives of people all around the globe. It has proved quite detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for security robots worldwide.

Market Drivers

Rising Geopolitical Instabilities and Territorial Conflicts
The total number of conflicts has increased across the globe, especially over the past ten years. For instance, Russian-Crimea conflicts, where Russian forces took control of Crimea, a peninsula of Ukraine, on the north cost of the Black sea. In Asia, India and Pakistan frequency engage in disputes along Line of Control (LOC) over disputed land of Pakistan occupied Kashmir (PoK). Security robots can immensely reduce the fatalities of soldiers in combat zones, and hence their demand is expected to grow considerably over the forecast timeframe.

Market Opportunities

Increase in Defense Spending By the Developing Economies
Developing nations across the globe are investing heavily to enhance their defense capabilities. For instance. China’s defense expenditure has witnessed an almost seven-times increase over the past twenty years, growing from US $39.6 billion in 1999 to US $266.4 billion in 2019. Currently, China spends more on defense than South Korea, Japan, Vietnam, and the Philippines combined. Moreover, India’s military spending grew by 6.8% to US $71.1 billion in 2019, according to the Stockholm International Peace research institute (SIPRI) report on the Trends in World Military Expenditure, 2019.

Competitive Landscape
Some of the companies profiled in the report include Lockheed Martin Corporation, Northrop Grumman Corporation, Thales SA, BAE Systems PLC, Elbit Systems Limited, Leonardo SPA, Aerovironment Inc., Knight Scope Inc., SZ DJI Technology Co. Ltd, SMP Robotics.

• In September 2020, Lockheed Martin announced to provide a study for an integrated and capable payload ship, that will be able to patrol for extended durations, as part of the U.S. Navy’s Large Unmanned Surface Vessel (LUSV) competition.
• In October 2020, SZ DJI Technology Co. Ltd, unveiled two new payload solutions DJI Zenmuse P1 and DJI Zenmuse L1 for its flagship commercial drone platform Matrice 300 RTK at INTERGEO

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Military GPS and GNSS Devices Market Report 2022-2032

One of the major factors fuelling the growth of the military GNSS devices market is innovation in navigation and positioning equipment.

19 January 2022

Read

Visiongain Publishes Homeland Security Market Report 2022-2032

Rising need across the globe is being observed to secure and prepare countries, their people, and critical infrastructure from all hazards and threats. In addition to this, homeland security organizations in both developed and developing countries are focused on investing a substantial amount in advanced homeland security systems to enhance the capabilities of their forces and ensure the safety and security of citizens.

07 January 2022

Read

Visiongain Publishes Targeting Pods Market Report 2022-2032

The introduction of a precision targeting system in which optical targeting facilitators define, identify, and track targets using laser beams has acquired widespread acceptance, resulting in a steady increase in demand for targeting pods, especially in the first half of the projected period.

06 January 2022

Read

Visiongain Publishes Military Video Analytics and Back-End Systems Market Report 2022-2032

Deep learning technology has allowed video analytics tasks that were previously handled solely by humans to be automated. Video analytics is a type of machine learning algorithm that automatically recognises spatial and temporal events in video data.

08 December 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever