Security Robots Market - Concern for safety aspect growth the market
The rising demand for autonomous systems in security and surveillance and the increasing adoption of smart security and surveillance appliances is expected to drive the growth of security robots market. The market for cloud robotics is anticipated to expand at a CAGR of 8.9% during the forecast period from 2017 to 2025. The global security robots market is anticipated to reach US$ 3,881.4 Mn till 2025.
The global security robots market has been segmented on the basis of component, environment, type, application, industry vertical and region. On the basis of component, the market is segmented into hardware, software and services. In 2016, hardware segment in security robots market accounted for the maximum share, at around 53.1% of the revenue generated in security robots market.
Furthermore, software is expected to show sustainable growth during the forecast period due to exponential growth in robotics as a service (RaaS). Also, demand for advanced software platforms for effortless integration between robot and humans in anticipated to increase during the forecast period. Based on the environment, the market is segmented into indoor and outdoor. Outdoor segment accounted for largest market share of the market in 2016 while indoor is expected to grow at a higher CAGR during the forecast period.
The type segment is divided into ground robots, aerial robots and others. In 2016, ground robots accounted for the largest revenue share and it is also expected to grow at higher CAGR during the forecast period. Application segment is divided into demining, explosive detection, firefighting, patrolling & surveillance, rescuing operations, spying and others.
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