The security robots market is expected to reach USD 2.36 billion by 2022, at a CAGR of 8.56 % between 2016 and 2022. 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.

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The total number of active conflicts has increased throughout the world, especially during the last decade. The European refugee crisis, which began in 2015, saw a rising number of refugees and migrants make the journey to the European Union (EU) to seek asylum, traveling across the Mediterranean Sea or through Southeast Europe from areas such as Western and South Asia, Africa, and the Western Balkans. Western Sahara is a region rich in phosphate and its offshore areas contain oil deposits. Since several decades, the borders of the region have been contested by Morocco and the Algerian-backed Polisario front. In early 2014, Russian-backed forces seized control of Crimea, a Ukrainian peninsula on the northern coast of the Black Sea. India and Pakistan have frequent arguments and disputes along the line of control (LoC) and over Pakistan occupied Kashmir (PoK).

There have been disputes in the South and East China Sea as several countries vie for control over a number of strategically important islands. There are two groups of islands in the South China Sea that are claimed by China: the Paracel Islands, which have also been claimed by Taiwan and Vietnam; and the Spratly Islands, which have been claimed by ASEAN members Brunei, Malaysia, the Philippines, and Vietnam. Security robots such as UAVs offer enhanced capabilities in resisting violent extremism. The identifying and refuting constituents ensure proactive measures to identify terrorist activities. Thus, the use of unmanned systems and advanced security robots is playing a crucial role and is expected to increase in the near future.

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.

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.

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