The Global Safety, Security, and Rescue Robotics market is expected grow at a high rate in the forecast period on account of rising geopolitical conflict. In addition, surging application of rescue robotics in government and defence for disaster response, detection of chemical, and in commercial for inspection of critical infrastructure, the demand for rescue robotics is escalating. Moreover, the increasing government spending on robotics, extensive adoption of robots for homeland security, and burgeoning requirement for naval border patrolling and surveillance with underwater systems are some of the factors propelling the growth of the market in the forthcoming period.
According to MarkNtel Advisors’ research report “Global Safety, Security, and Rescue Robotics Market Analysis, 2020”, the Global Safety, Security, and Rescue Robotics market is anticipated to grow at a CAGR of around 15% during 2020-25. Based application, Government and Defence acquired the largest market share in 2019 due to rising territorial tensions and surging incorporation of robots into search procedures during numerous disasters. However, commercial application is also growing at a rapid rate on account of wide application of robots for patrolling purposes. The demand for patrolling robots is increasing in order to help women from various dangerous situations and to secure different areas and premises.
“Global Safety, Security, and Rescue Robotics Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Safety, Security, and Rescue Robotics providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
North America dominated the Global safety, security, and rescue robotics market in 2019. US acquired the highest market share in the North America market. This is due to rising investment toward research and adoption of disaster response robotics, along with surging adoption of rescue robotics in commercial sector for surveillance & monitoring and rising adoption of navigating system in order increase the security on the borders. Thus, this is anticipated to bolster the growth of the Safety, Security, and Rescue Robotics Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Safety, Security, and Rescue Robotics Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Safety, Security, and Rescue Robotics market are Boston Dynamics, Cobham Limited, ECA Group, Elbit Systems Ltd., Howe & Howe Technologies, Jonker- Makis Robotics, Knightscope Inc, Kongsberg, L3Harris Technologies, OTSAW, ReconRobotics Inc., RoboteX Inc., SMP Robotics Systems Corp, Shark Robotics, Flir Systems, Gamma 2 Robotics, General Robotics Ltd., Hydronalix Pliant Energy System, Rovenso, and Samsung.
Key questions answered in the study: