The Security Robots Market Size is expected to increase significantly, from an anticipated USD 31.7 billion in 2022 to a projected USD 71.8 billion by 2027. This remarkable expansion underscores the growing use of advanced robotic technology for security, with a compound annual growth rate (CAGR) of 17.8% predicted between 2022 and 2027. The increasing need for efficient and effective security solutions across a range of sectors, including defence, commercial, and residential, as well as growing worries over public safety and robots and artificial intelligence, are the main factors driving the market value boom.

The security robots market is expanding rapidly thanks to a number of important considerations. Security robots are becoming more and more popular in both residential and business settings, demonstrating their adaptability and efficiency in boosting security and monitoring. Governments are also prioritising advanced security measures as a result of the increased focus on security at the national and regional levels. This is in addition to rising defence expenditures and investments made by nations all over the world, which reflects a global trend towards fortifying security infrastructure. The market is also being greatly propelled by the rising need for autonomous systems that are capable of intelligent real-time monitoring. These systems are essential to contemporary security strategies because they provide sophisticated threat detection and response capabilities.

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UAV is expected to witness the highest growth rate during the forecast period between 2022 and 2027

Unmanned aerial vehicles (UAVs) are now capable of carrying out a wide range of tasks, including as attack, strike, suppression and destruction of enemy air defences, and combat search and rescue, in addition to the more conventional intelligence, surveillance, and reconnaissance capabilities. Unmanned Aerial Vehicles (UAVs) present many benefits. These include the ability to operate in dangerous environments, which lowers the risk to human operators; the ability to stay in the air for extended periods of time; and the ability to perform precise, repetitive scans of areas under varying conditions, such as total darkness or fog, all under the control of advanced computer systems. These features allow UAVs to carry out missions efficiently and on their own.

UAVs are widely used by the U.S. Army and NATO allies in operations against terrorist organisations in war areas including as Syria, Libya, Iraq, and Afghanistan. To improve border security, a number of Asian countries, notably China, India, and Pakistan, are also purchasing armed drones. Security authorities are also using UAVs more frequently to patrol and monitor large public events like the FIFA World Cup, the Indian Premier League (IPL), and the Euro Cup. These many uses highlight the UAVs' increasing strategic significance and adaptability in today's security and defence operations.

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Military & defense accounted for largest share of security robots market in 2021

Anti-submarine warfare, mapping the ocean floor, testing water samples, surveillance and reconnaissance missions, and oil and gas pipeline inspections are just a few of the defense-related tasks that security robots are essential to. Among them, the defence industry is anticipated to place a heavy demand on Unmanned Aerial Vehicles (UAVs), especially for applications including surveillance, reconnaissance, and border security. Because of their inexpensive operating costs and effective flight control systems, UAVs are preferred for military applications. Their capabilities have been significantly improved by recent technical developments, bringing them closer to military needs.

The increasing amount of money and military research devoted to the development of cutting-edge UAV technology is a result of the world's growing realisation of the strategic significance of UAVs. With considerable potential for Unmanned Ground Vehicles (UGVs) in military applications, this trend points to a bright future for the industry. These cutting-edge robotic systems are still being developed and invested in, which emphasises how important they are to contemporary defence operations and strategy.

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The security robots market in Asia Pacific is expected to grow significantly from 2022 to 2027

A number of important factors are driving the expansion of the security robots market in the Asia Pacific region, with rising defence spending from nations like South Korea, Australia, and India at the forefront. Although Japan has maintained its defence budget, the Asia-Pacific region has a bright future for unmanned vehicle sales, as nations like China, India, Japan, Australia, and South Korea are aggressively enhancing their armed forces.

Major economies such as China and India are driven to prioritise the augmentation of their military strength due to the geopolitical scenario in the region, which has a huge impact on their strategic decisions. India's borders with countries like Bangladesh, China, and Pakistan make border security a top priority for the Indian government. Consequently, there is increased thought being given to the use of security robots to bolster border monitoring and discourage attempts at infiltration. This proactive stance highlights the critical role that security robots are anticipated to play in securing borders and bolstering defences throughout the Asia-Pacific area.

Major companies operating in the security robots market include Emerson (US), ABB (Sweden), Schneider Electric (France), Yokogawa (Japan), Endress+Hauser (Switzerland), Honeywell (US), Siemens (Germany), Fuji Electric (Japan), Danfoss (Denmark), and Hitachi (Japan).