The security robots market is estimated to be USD 31.7 billion in 2022 and is projected to reach USD 71.8 billion by 2027; it is expected to grow at a CAGR of 17.8% from 2022 to 2027. The major drivers of the market include the growing adoption of security robots for commercial and residential applications, rising emphasis on security at national or regional levels, increasing investments and spending on defense by countries globally, and surging demand for autonomous systems that make real-time monitoring smarter.
The key players operating in the pressure transmitter market include the major players which operates in different stages in the entire value chain of pressure transmitters; these players are Northrop Grumman, Lockheed Martin Corporation, Elbit Systems, BAE Systems, and Kongsberg. For staying competitive in the market and to increase their footprint in the global market, these players have adopted various types of strategies including increasing investments in R&D (research & development) and new product launches, increasing number of acquisitions, mergers, partnerships, and strategic alliances, and planned geographic expansions etc.
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Lockheed Martin Corporation
Lockheed Martin is a global defense company that was formed by the merger of two companies, namely, Lockheed Corporation and Martin Marietta, in March 1995. It operates through four business segments, namely, Aeronautics, Rotary & Mission Systems, Space, and Missile & Fire Control. The Aeronautics segment offers products and services such as advanced military aircraft (including combat and air mobility aircraft), UAVs, and related technologies. This segment also carries out the research, design, development, manufacture, integration, and sustainment of advanced technology-based systems, products, and services for UAVs and caters to the requirements of the aerospace and defense industry. While the Rotary and Mission Systems segment designs, manufactures, services, and provides support for a variety of commercial and military helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; the sea and land-based missile defense systems; radar systems; the littoral combat ships (LCS); simulation and training services; and unmanned systems and technologies.
Northrop Grumman Corporation is an American global aerospace and defense technology company. The company is publicly listed on the New York Stock Exchange under the ticker symbol NOC. It provides a range of information, electronics, and aerospace products and solutions, as well as technical services to its global customers. The company operates through four different business segments, namely, Aeronautics Systems, Defence Systems, Mission Systems, and Space Services. It provides products, services, and integrated solutions for aerospace, electronics, information, and services to its global customers. The key products of the company include command, control, communications, computer intelligence, surveillance, and reconnaissance (C4ISR) systems, electronic warfare systems, cyber solutions, space systems, intelligence processing systems, and air and missile defense (AMD) integration systems, and autonomous systems. Autonomous systems are offered through its Aeronautics Systems business segment, which generates ~43% of the total revenue of the company. Northrop Grumman is one of the leaders in the design, development, and production of autonomous systems primarily used for intelligence, surveillance, and reconnaissance (ISR) missions.
BAE Systems is one of the leading aerospace & defense companies in the world. It is a public limited company, listed as BA on London Stock Exchange and has about 90,500 employees (as of 2021). It is engaged in the development and delivery of advanced defense & aerospace systems for the air force, military, and naval forces. The company’s products and services cater to air, land, maritime, and cybersecurity applications. The company is the second-largest defense contractor operating through five different business segments such as Electronic Systems, Cyber & Intelligence, Platforms & Services, Maritime, and Air. Through the Electronic Systems segment, the company offers electronic warfare systems, fly-by-wire flight control systems, commercial digital engines, unmanned underwater vehicles (UUVs), military communication systems, and data links.
Elbit Systems is an international defense electronics company engaged in a wide range of defense-related programs being carried out worldwide. It designs, develops, and manufactures unmanned vehicles for defense and homeland security applications, as well as aerostructures for the commercial aviation market. It mainly offers a broad portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications. It operates through Airborne Systems; Land Systems; Command, Control, Communications, Computer Intelligence, Surveillance, and Reconnaissance (C4ISR) Systems; Electro-optic Systems; and Others (non-defense engineering products and services) segments.
Through the Airborne Systems segment, the company manufactures military aircraft and helicopter systems, commercial aviation systems and aerostructures, and unmanned aircraft and unmanned surface vessels. Elbit Systems also provides UAS training systems to simulate the payload performance of UAV and their malfunctioning, as well as operations of GCS. The company also provides support services, lease services, and training services related to UAVs.
Kongsberg Gruppen (KONGSBERG) is a Norway-based company engaged in the design, development, and manufacture of technology systems and solutions for customers in the oil & gas, maritime, and defense & aerospace industries. The company operates through Maritime, Defense & Aerospace (KDA), and Others. Through the Maritime segment, it offers systems for seabed surveys, surveillance, navigation, dynamic positioning, and automation for commercial vessels and offshore installations, as well as hydroacoustic services for fishing vessels and fisheries researchers. The company also provides UUVs through this segment. Through the Defense & Aerospace segment, it designs, develops, and manufactures command and control systems, remote weapon stations, weapon control systems, and surveillance equipment. Through its Kongsberg Digital segment, the company provides maritime training simulators and digitization solutions for its customers in the oil and gas, and energy and power sectors.
Security Robots Market by Type (UAV (Fixed Wing, Rotary Wing), UGV (Wheeled, Tracked, Legged, Hybrid), UUV (Autonomous Underwater Vehicles, Remotely Operated Underwater Vehicles)), Application, End User and Geography - Global Forecast to 2027
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