The Latin America, Middle East and Africa Security Robots Market would witness market growth of 19.6% CAGR during the forecast period (2022-2028).
A news shift known as the Internet of Things Robot (IoTR) links common robotic systems to smart products and sensors that are embedded everywhere. The usefulness of mobile robots in practical applications like navigation and surveillance has recently been shown by developments in robotic system applications. The two most significant uses for mobile robots are patrolling and gas leak detection.
When a gas leak is found, the robot broadcasts a live video of the region, which can be followed using Google Maps. The robot can move freely and avoid collisions while being remotely controlled via a website or smartphone app. The demand for security is primarily driven by worries about security and the growing penetration of automated approaches. Businesses in the value chain are consistently creating cutting-edge security solutions that can take the place of human intervention.
Rising territorial disputes and geopolitical instability, as well as a growth in the deployment of unmanned systems by various armed forces, are major market drivers in the years to come. Additionally, it is anticipated that the market would also be driven by the distant sensing capabilities of these robots and the increased demand for patrolling public spaces due to security threats. The security robots market is expected to grow as a result of these factors in conjunction with a drop in the average cost of security robots.
Brazil's federal police, marine, navy, and air force all frequently employ unmanned aerial vehicles (UAVs). Because of its steadily improving economy, the nation is predicted to continue to be a crucial sector in Latin America. Due to the growing demand for sweeping area patrols, Brazil is concentrating its efforts on incorporating UAVs into its military applications. Additionally, the nation is investing heavily in the advancement of its homegrown UAV technology.
The Brazil market dominated the LAMEA Security Robots Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,195.9 million by 2028. The Argentina market is experiencing a CAGR of 20.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.3% during (2022 - 2028).
Based on Type, the market is segmented into Unmanned Aerial Vehicle, Unmanned Ground Vehicle and Unmanned Underwater Vehicle. Based on End User, the market is segmented into Defense & Military, Commercial, Residential and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Security Robots Market is Predict to reach $74.5 Billion by 2028, at a CAGR of 15.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Northrop Grumman Corporation, Leonardo SpA, Lockheed Martin Corporation, Cobham Limited (Eaton Corporation PLC), Kongsberg Group, Saab AB, BAE Systems PLC, Elbit Sytems Ltd., and QinetiQ Group PLC (The Carlyle Group).
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