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According to the latest report by IMARC Group, titled “Security Robots: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global security robots market reached a value of US$ 8.7 Billion in 2021. Security robots are automated guards used for performing surveillance and security tasks. They rely on artificial intelligence (AI), streaming video, and other connected technologies to automate tasks and enhance their capacities. They also consist of a built-in automatic guidance system, electric motors, modern high-capacity, lightweight batteries, and high-definition (HD) cameras. Security robots are used to spy, patrol surveillance areas, report, investigate, rescue operations, and detect explosives. As compared to security guards, they are safer, more reliable, and cost-efficient and can move in complex environments.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Security Robots Market Trends:
The increasing security concerns and the rising penetration of automation techniques across the globe are creating a positive outlook for the market. This is further supported by the significant investments by governments in defense owing to rising geopolitical tensions among neighboring countries and increasing terror threats. In line with this, the widespread product adoption in malls, parking lots and campuses to alert security personnel about threats or possible crimes is favoring the market growth. Apart from this, manufacturers are employing advanced technologies, such as neural networks and deep learning models, to improve functionality over time, which, in turn, is positively influencing the market growth. Additionally, the integration of automation capabilities in security robots that are employed on challenging terrains and environments to perform surveillance and other actions based on analytics is providing a considerable boost to the market growth. Other factors, including the increasing trend of indoor robots to deliver a range of safety and commercial benefits and extensive research and development (R&D) activities, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 19.3 Billion by 2027, exhibiting a CAGR of 14.1% during 2022-2027.
Market summary
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