Security Robot Market Size (2024 - 2029)

Security Robot Market Analysis

The Security Robot Market size is estimated at USD 15.72 billion in 2024, and is expected to reach USD 29.65 billion by 2029, growing at a CAGR of 13.57% during the forecast period (2024-2029).

• The development of automation and sensor technologies has led to a rise in the use of security robots in numerous applications. With the breakthroughs in neural network technology, these robots might learn over time and become more useful. These sensors help robots analyze their surroundings and provide more specific information. The remote sensing skills of these robots can be used to monitor the region and spot any threats.
• Moreover, the development of new technologies has also significantly improved the capabilities of these robots. They can be deployed on challenging terrains and environments to perform surveillance and other actions based on analytics. The inclusion of different sensors in security robots has improved the capabilities of robots in analyzing their environment and providing more reliable data. This has significantly benefitted their incorporation into military devices.
• The fact that these robots gather much more data than people shows that they are more comparable to mobile security robots than traditional security guards. They are frequently portrayed as helpful patrol bots that could eventually take the place of human security guards. As they are trustworthy, incorruptible, and more economical than security employees, security robots are frequently utilized at a variety of establishments around the world, including malls, parking lots, and universities.
• Moreover, governments are implementing these robots for security and monitoring. In March 2023, Goa became the first state in India to deploy an AI-powered self-driving robot and monitoring system, following an increase in beach-related incidents due to rising foreign and domestic tourists on the coastline.
• Moreover, there have been more terrorist attacks and ongoing armed clashes in public places such as schools. Due to territorial disputes and geopolitical instability, security robots are becoming increasingly necessary. Some American schools are deploying security robots on campuses because they can act as a visible deterrent to potential threats by preventing unauthorized individuals from entering school grounds.
• For instance, in July 2023, a school in Santa Fe, New Mexico, announced that it has been piloting the use of an AI-enabled robot to patrol its campus grounds and improve security for its staff and students. The robot will patrol the campus 24 hours a day, seven days a week. Its artificial intelligence system is currently being trained to learn more about the school's normal activities, which should help robots detect abnormal or aggressive behavior and unknown intruders.
• The main obstacle to the development of security robots is the growing worry over the invasion of privacy. Security robots have a large number of cameras that can record license plates, view the serial numbers of cell phones, and detect heat in items. The security agency using the robot uses the data.
• The aftereffect of COVID-19 increased the prospect of the introduction of unmanned technologies in the business of private security and asset protection companies. However, the risk of infection of the personnel of security companies rose during the initial days of the pandemic. The spread of infection from one personnel to another often leads to the need to hire new employees or to reduce the quality of service and safety. Besides, many countries reduced the inflow of immigrants to their territories. Such trends prompted the adoption of security robots.

Security Robot Industry Segmentation

Security robots are designed to replace patrolling security guards and to provide mobile CCTV monitoring. A security robot automatically moves around a restricted area without direct operator supervision. Images from its built-in cameras are transmitted to the security station.

The security robots market is segmented by type of robot (unmanned aerial vehicle, unmanned ground vehicle, and autonomous underwater vehicle), end user (defense and military, residential, and commercial), application (spying, explosive detection, patrolling, rescue operations, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The report offers the market sizes and forecasts for all the above segments in value (USD).