Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Security Robots Market size is expected to reach $74.5 billion by 2028, rising at a market growth of 15.5% CAGR during the forecast period.
The Unmanned Ground Vehicle segment is showcasing CAGR of 15.6% during (2022 - 2028). In the military, the UGV has long been utilized to complete jobs when having a human on board would be either physically impossible or dangerous. These consist of defusing bombs, deep-sea diving, and exploring confined or hazardous spaces (small pipes, walls, or even volcanoes).
The Defense & Military segment acquired maximum revenue share in the Global Security Robots Market by End User in 2021 thereby, achieving a market value of $43.5 billion by 2028. This is primarily due to the fact that more nations have begun to recognize the potential importance of UAVs, which has increased military research and financing for the creation of new and sophisticated UAVs. A few of the main elements fueling the segment's rise include technological developments to enhance the functions and autonomous decision-making abilities of a robot for difficult remote activities.
The North America market dominated the Global Security Robots Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $31.5 billion by 2028. The Europe market is exhibiting a CAGR of 15% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 16.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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