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. 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.
Read Report Overview: https://bisresearch.com/industry-report/safety-security-rescue-robotics-market.html
North America dominated the global safety, security, and rescue robotics market with a share of 42% by value in 2019. Its total market size was valued at $693.3 million in 2019 and is projected to reach $838.1 million by 2025, registering a CAGR of 15.10% during the period 2020-2025. This is due to the presence of many security robot manufacturing companies in North America. The region includes major countries, such as the U.S. and Canada, among which the U.S. is the prominent country for the safety, security, and rescue robotics market. The U.S. has huge technological expertise in robotics and is increasingly deploying solutions across different industries.
The global safety, security, and rescue robotics market in Europe reported revenue of $502.6 million in 2019 and is expected to grow at a CAGR of 14.32% during the forecast period 2020-2025. In Europe, France, the U.K., the Netherlands, and Norway among others, are the major developers of security robots.
Asia-Pacific is expected to witness the highest growth rate of 15.95% during the forecast period to reach $551.1 million by 2025. This high growth is expected to be attributed to the growing demand for security and safety robots, specifically for guarding at nights, inspecting pipes and vessels in plants, and dealing with increasing accidents in the hostile working environment in the utility sector.
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.
For Sample Report, Click here: https://bisresearch.com/requestsample?id=934&type=download
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.
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
As a leading market intelligence provider, BIS Research stands out of the crowd by complementing the data with valuable insights and actionable inputs for the client’s success.
Contact:
Bhavya Banga
Email: media@bisresearch.com
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch