Security Robots Market [by Types (Hardware, Software, Services); by Environment (Indoor; Outdoor); by Verticals (Commercial, Government, Home); by Regions (NA, Europe, APAC, CALA, MEA]: Market Size, Forecasts, Insights and Opportunities (2016 – 2021)
The report on the security robots market provides an in-depth analysis of the market size, forecasts and opportunities of security robots that cater to the commercial, government and residential ecosystem. The study includes market analysis of security robots for both the indoor and outdoor environments. The report also provides the market size and forecasts of security robots, categorized by segments – Hardware, Software and Services. The services category is further sub-segmented into Leasing and Rental, and Maintenance. Further to this, the report also provides the market data for systems across five regions – North America, Europe, Asia-Pacific, Central America and Latin America (CALA), and Middle-East and Africa (MEA).
Arcluster’s security robots market report also includes insights into key market requirements gathered from businesses, enterprises, commercial entities, agencies, and home owners. The report also provides their preferences, priorities and perception of applications and adoption of security robots. The study also covers key demand side ratings such as ratings across regions for owning or leasing security robots, indoor and outdoor environments, and deployment timeframes.
The analysis in this report will help market participants, vendors, suppliers, system integrators, channel players, manufacturers, and value added resellers (VARs) to develop strategies, marketing goals and business decisions based on the actionable market intelligence from this report.
This report has been built on a rigorous period of information gathering from both secondary and primary sources through several interviews with industry participants, manufacturers, suppliers, vendors, business owners, consultants, organizations, and regulators. Data gathered from these interviews and surveys was curated, analyzed, and engineered to understand buying, spending, demand and supply patterns and to estimate market sizes and forecasts. The resultant data was checked for applicability across value chains through market-data associations and then further validated through multiple check points to check consistencies, error samples, variances.
Companies covered: Adept MobileRobots, Allied Universal, Amaryllo International B.V., DFKI GmbH - Robotics Innovation Center (RIC), Endeavor Robotics (Formerly iRobot Defense and Security Unit), Enova Robotics, EOS Innovation, G4S, Gamma 2 Robotics (G2R), GeckoSystems, Hanwha Techwin, InGen Dynamics Inc., Jisiwei Intelligent Technology Co. Ltd., Knightscope Inc., LG, Orbii, QinetiQ, Robot Security Systems, RoboteX, Robotnik, Sharper Image, SMP Robotics, Varram System Co., Ltd., Vigilant Robots LLC (Subsidiary of Gamma Two Inc.), VisiConsult X-ray Systems & Solutions GmbH.
The 2016 syndicated study report on the security robot market is part of an ongoing series of market reports that focus on micro emerging trends in the robotics and physical security technology markets across multiple regions and countries"
Automation and robotics is beginning to dent the way current workforces are employed. This change is starting to reflect already in certain industries such as manufacturing where grunt jobs are slowly being displaced by technology. Over the next five years, the industry will witness the loss of 5 million jobs and gain 2 million new ones. Technology is at the forefront of bringing down conventionality. Security is a classic example, where the costs of labor are rising yet the productivity and efficiency of the work delivered have been the same.
This brings an interesting conundrum for the employer, who is under constant pressure to reduce business costs towards improving profitability. Security robots address this problem by performing basic functions such as patrolling, monitoring and surveillance at an enhanced level yet under minimum wage. This provides a compelling proposition for businesses and organizations to deploy robotic guards at points that demand physical security. Security robots are feature rich holistic security systems that are built with components such as infrared vision, HD cameras, event detection systems, automatic license plate recognition systems, heat sensing, gas detection among others. One of the key drivers for the growth in this segment of the robotics market is the ability of security robots to intelligently capture and transmit patrolling and surveillance data in real time. Typically, this feedback loop was absent in traditional forms of security. The ability to perform continuous monitoring, patrolling and surveillance in both indoor and outdoor environments at lower costs is a key force behind mass market adoption.
Another vital aspect of deploying security robots is its physical presence. The presence of a robot that doubles as a marked law enforcement that can capture and transmit data real time is a persuasive case for agencies, organizations and commercial entities to replace traditional forms of security. Coupled with this is a robot’s capabilities to be equipped with complimentary and supplementary functions that can extend its skill set in catering to dynamic scenarios and environments.
Security robots don’t provide just one function. They offer multiple. A combination of these functions in addressing critical issues of physical security is what makes not only applicable but also highly appealing. Over the next decade, robotic security guards are expected to become a force to reckon with.
Security robots are at a key phase in market adoption. The results from the early adopters are positive and set to create the platform for mainstream market adoption. The disruption of a traditional industry through robotics is not unforeseen and was expected. Robotic forms of security could be conventional in the future and the forecast period marks the initial push towards this. The market opportunity for security robots across the globe is considerable and offers a stable and steady opportunity for service providers, security agencies, robotic manufacturers, distributors and resellers.
Arcluster forecasts this market to reach $2.71 billion in revenues in 2021, growing at a CAGR of 99.1% from the current year.
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