Global Security Robot Market - Analysis of Growth, Trends and Forecasts (2018-2023)
In 2017, the global security robot market was valued at USD 1.946 billion. The market is expected to register a CAGR of about 3.11% during 2018-2023 (the forecast period). Security robots are devices with locomotive capabilities, which can collect data for security purposes, and in some cases act upon this data, if required. This information is obtained through an array of different sensors, such as ultrasonic or infrared devices, cameras, radars, thermal sensors, and others. Developments, like K5 by Knightscope Inc., are indicating a potential for security robots. Earlier, these robots had insufficient capabilities, but with the improvements in sensor technology and automation capabilities, these robots have been developed to be useful in practical applications. The development and enhancements of neural network technology have also given these robots the capability to learn over time and improve their functionality. The inclusion of different sensors has improved the capabilities of robots in analyzing their environment and providing more reliable data. This factor has significantly benefitted their incorporation in military devices.
In addition, the remote sensing abilities provided by these robots (due to the inclusion of wireless sensors) are expected to boost their utilization in residential and commercial applications.
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Increasing Usage of Robots in Security and Surveillance....