The [FURL=https://www.industryarc.com/Research/Security-Robots-Market-Research-505391?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Security Robots Market[/FURL] size is estimated to reach $19.78 billion by 2026 at a CAGR of 15% during the forecast period 2021-2026. Security robots are the autonomous mobile robots, designed to deliver enhanced intelligent video surveillance solution and other on-board AI features processing. The advent of robotics as a service (RaaS), along with the rising installation of Smart security systems for diversified commercial applications in various commercial sectors have resulted in driving the Security Robots Industry.Key Takeaways
North America dominated the Security Robots Market in 2020 and record a CAGR of 8.37%, in the forecast period along with Europe, owing to the extensive investment to design state of the art security measures, and tremendous implementation of enterprise security with robots.
Unmanned Aerial Vehicle is analyzed to hold the largest share of the Security Robots Market in 2020, owing to the relatively low in cost and advanced drone models availability, which offer seamless accessibility to a wide range of operators like commercial and recreational users.
The recent advancement in AI-driven cobots delivers a variety of services due to the range of cutting-edge Components is accelerating the Security Robots Market.
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Security Robots Market Segment Analysis – By Geography
North America dominated the Security Robots Market in 2020, and record a CAGR of 8.37% in the forecast period, followed by Europe, owing to the extensive investment to design state of the art security measures, and tremendous implementation of enterprise security with robots, drones along with other automated industrial robots powered by AI to mitigate risks. In June 2020, Qualcomm launched Robotics RB5 Platform, world’s first 5G and AI-enabled Robotics platform that offers cutting-edge connectivity and power efficient inference. The Asia-Pacific region is estimated to become the fastest-growing market for security robots, due to the increased investment by the government for developing surveillance capabilities to manage terrorist attacks and infiltration, coupled up with lucrative market opportunities across commercial purposes.
Security Robots Market Drivers
Growing Geopolitical instabilities and potential Government Investment
Leading innovations in the field of AI-Enabled Robotics Platform
Market Landscape
Security Robots Market top 10 companies include Aerovironment, Inc., NXT Robotics Corp., Cobham PLC, Elbit Systems, ENDEAVOR ROBOTICS, Knightscope, Inc., Kongsberg Maritime, Lockheed Martin Corp., Qinetiq Group PLC , Recon Robotics, and many more.
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