Security Robots Market Worth 2.36 Billion USD by 2022

Jun 21, 2016, 11:30 ET from MarketsandMarkets

PUNE, India, June 21, 2016 /PRNewswire/ --

According to the new market research report "Security Robots Market by Type (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Underwater Vehicles), Component (Sensors, Controller Systems, Camera Systems, Navigation Systems), Application and Geography - Forecast to 2022", published by MarketsandMarkets, the market is expected to reach USD 2.36 Billion by 2022, at a CAGR of 8.56 % between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 72 market data Tables with 54 Figures spread through 174 Pages and in-depth TOC on "Security Robots Market"

http://www.marketsandmarkets.com/Market-Reports/security-robots-market-242305735.html
Early buyers will receive 10% customization on this report.

This growth can be attributed to the rising geopolitical instabilities and territorial conflicts. During the last decade, the total number of active conflicts has increased throughout the world, for instance, the European refugee crisis and disputes in the South and East China Sea. This factors are driving the demand for security robots.

Unmanned aerial vehicles (UAVs) to hold the largest share of the security robots market during the forecast period 

UAVs are expected to hold the largest share of the Security Robots Market during the forecast period. UAVs not only perform intelligence, surveillance, and reconnaissance missions, but can also attack, strike, suppress, and destroy enemy air defenses, network node, or communications relay, and combat search and rescue among others. Due to these advantages, UAVs are increasingly used by the US Army and its NATO alliances against the terrorist outfits in Syria, Libya, Iraq, and Afghanistan. Also, different security agencies are increasing the usage of UAVs for patrolling and surveillance of major events such as FIFA World Cup and Euro Cup among others.

Sensors component to grow at the highest CAGR during the forecast period 

The market for sensors is expected to grow at the highest CAGR during the forecast period. CBRN and laser sensors are used in security robots for marking targets, guiding munitions, missile defense, electro-optical countermeasures, and inertial navigation systems among others. Electro-optic systems are increasingly being used by defense forces worldwide. EO/IR systems are integral to the intelligence, surveillance, & reconnaissance (ISR) and intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) capabilities of modern military forces.

North America expected to hold the largest share of the global security robots market between 2016 and 2022 

The security robots market in North America is segmented into the U.S., Canada, and Mexico. The increasing use of advanced weapons and technology for overseas contingency operations such as Afghanistan, Syria, and Iraq is driving the growth of the market in this region. Currently, the ongoing operations in Syria and Libya against terrorist outfits are prompting the U.S. to use advanced technology-based security robots.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=242305735

The major players operating in the security robots market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), and Elbit Systems Ltd. (Israel) among others.

Browse Related Reports 

UAV Drones Market by Type (Fixed Wing, Rotary Blade, Nano, Hybrid), Application (Law Enforcement, Precision Agriculture, Media and Entertainment, Retail), & Geography (Americas, Europe, APAC, RoW) - Analysis & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/commercial-drones-market-195137996.html

Border Security System Market by Environment (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems), and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/border-security-system-market-103309188.html

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets