The robotics market has experienced dynamic technological advancements over the last few decades. These advancements have led to the improvement in the autonomy of robots, operating ranges, capabilities, and sizes, and paved the way for various growth opportunities for government and defense applications, as well as for the commercial enterprises. The concept of using robots’ dates to 1954, when George Devol invented the first programmable and digitally operated robot. Since then, robots have undergone several technological advancements that resulted in a higher degree of autonomy and 3D spatial awareness in their operation.
Read Report Overview: Global Safety, Security, and Rescue Robotics Market
Factors Affecting the Global Safety, Security, and Rescue Robotics Market
The global safety, security, and rescue robotics market is expected to witness a high growth rate during the forecast period 2020-2025. The growth is attributed to the growing geopolitical conflicts that are driving the growth of naval and land border patrolling and surveillance using an unmanned system. Some of the security robots are designed to guard and patrol 24/7, including self-charging autonomously, without any human intervention.
The rising demand for security and safety applications is expected to create viable opportunities for the safety, security, and rescue robotics market.
Global Safety, Security, and Rescue Robotics Market Size
In terms of value, the global safety, security, and rescue robotics market was valued at $1,651.3 million in 2019 and is expected to reach $2,043.8 million in 2025, at a CAGR 14.95% during the forecast period 2020-2025.
Opportunity for Component Manufacturers and Suppliers to Grow in the Forecast Period
The global safety, security, and rescue robotics market consist of components such as camera, sensors, navigation system, and control system. Cameras and sensors are the two vital components of safety, security, and rescue robots. The growing demand for safety, security, and rescue robots is expected to create an opportunity for component providers of safety, security, and rescue robots in this ecosystem.
North America to be the Forefront in the Safety, Security, and Rescue Robotics Market
The safety, security, and rescue robotics market has witnessed various forms of market dynamics across different regions of the globe over the years. Also, the security robot manufacturing companies have recently witnessed a rising demand from countries such as the U.S., China, Singapore, Norway, India, France, and the Netherlands. The following figure represents the global market by region. It includes North America, Europe, Asia-Pacific, and Rest-of-the-World.
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Competitive Landscape
The global safety, security, and rescue robotics market is presently one of the most competitive markets among professional service robots, with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the security robots exhibits an inclination toward emerging strategies and developments by market players.