The security robot market comprises robots equipped with cameras and sensors that can monitor premises autonomously and detect anomalies or threats. Security robots have advantages over traditional security systems as they can monitor premises 24/7 and provide real-time video feeds. They reduce the need for human security guards and allow centralized monitoring of multiple locations simultaneously. The growing need for surveillance across commercial complexes, infrastructure projects, industrial facilities, and public spaces is driving the demand for security robots.
The global security robot market is estimated to be valued at US$ 2297.4 Mn in 2024 and is expected to exhibit a 9.8% CAGR over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the security robot market are Infineon Technologies AG, Cree, Inc., Qorvo, Inc., and Efficient Power Conversion Corporation (EPC). Infineon Technologies AG offers exterior surveillance camera solutions along with IoT platforms and sensors for security robot applications.
The Security Robot Market Growth for surveillance across commercial facilities such as malls, warehouses is a major factor propelling the security robot market. Security robots can efficiently monitor premises without human intervention and send alerts in case of security threats or anomalies. This reduces security costs and enhances safety.
Technological advancements are enabling the development of multi-functional security robots. Newer models are equipped with advanced sensors, cameras, and analytics capabilities for threat detection, license plate recognition, and perimeter tracking. 5G connectivity allows high-bandwidth video transmission from multiple locations in real-time. Use of AI and machine learning is improving threat identification accuracy of security robots.
Market Trends
- Outdoor security robots: Major players are focusing on developing Security Robot Market Size and Trends for outdoor applications such as perimeter patrolling, infrastructure monitoring which have wider use across industries and public places. Outdoor models are integrated with rugged designs and components for all-weather monitoring.
- Multi-terrain mobility: Security robots with capabilities to navigate various terrains such as stairs, slopes and uneven grounds without obstacles are gaining popularity. This allows monitoring of large premises with diverse landscapes.
Market Opportunities
- Integration of advanced technologies: Incorporating technologies such as drone integration, computer vision, facial recognition in security robots can enhance their threat detection and response capabilities.
- Cloud-connected security systems: Development of 5G-enabled security robot fleets that can be monitored and managed centrally using cloud-based platforms will improve efficiencies for enterprises and industries.
Impact of COVID-19 on Security Robot Market
The outbreak of COVID-19 pandemic has significantly impacted the growth of security robot market globally. During the initial lockdown phases, deployment of security robots saw a rise as organizations aimed at minimizing human interactions and ensuring social distancing. Robots equipped with thermal cameras, disinfectant sprayers etc helped in monitoring social distancing, detecting individuals with higher than normal body temperatures and sanitizing public areas efficiently. Post lockdowns as well, deployment of security robots is anticipated to remain elevated as organizations and institutions focus on contactless monitoring to reduce infection spread risk. Integration of more advanced technologies like AI and analytics in security robots allows detecting gathering crowds in real time, automated alerts in case of SOP violations and touchless access control. The pandemic has highlighted the essential monitoring and surveillance role of robots which is projected to drive further investments in this sector.
North America region holds the major share of security robot market in terms of value currently. This is attributed to rapid technological advancements, presence of major manufacturers and growing emphasis on automation across industries in countries like the U.S and Canada. However, Asia Pacific region is identified as the fastest growing market for security robots due to increasing investments towards security infrastructure modernization and rising penetration of commercial and industrial robotics. Countries like China, India, Japan, South Korea are deploying security robots aggressively for airport security, smart city surveillance projects indicating strong growth prospects for the APAC regional market.
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