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.
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A safety, security, and rescue robotic unit comprises numerous components, including software and hardware. An opportunity for the manufacturers of the component has been created due to the demand for cameras, sensors, control systems, and navigation systems, among other requirements in the robot. Other components are power systems, body frames for robots, including electrical and mechanical components. Companies such as SMP Robotics Systems Corp., ECA Group, and Cognex Group are the component providers in the global 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.
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.
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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.
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