The global demand for Patrol Robot Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Units in 2019 and foreseen to touch XX Units by 2026 with a CAGR of XX% during 2020-2026.
Patrol robots are mobile surveillance devices that move around an area automatically without operator supervision, the build-in camera sends data to security stations. These robots are supported with automatic battery charging stations. A sufficient number of automatic charging stations in the observation positions allow keeping the batteries charged while some robots are built with a solar panel that supplies continuous power to function. In case where the patrolling area has a human presence, two-way audio communication between people and the robot is provided. Patrolling robots are designed to address the challenges of personnel foot patrolling at reduced costs, with continuous 24/7 use, and improved quality of restricted-area patrols.
Growing unlawful acts and an expensive service that relies on the professionalism and commitment has brought a surge in demand for patrol robots. Personnel involved foot patrol is a costlier long-term investment of wages and management efforts, in comparison to which patrol robot is less expensive and pays off very quickly. However, for some users purchasing a patrol robot is a high budget thing while some patrol robot is required for a short period of time for a specific mission. For such cases, a rental program has been developed. The rental facility provides service under conditions of unpredictable situations within the market. On the other side, the application of the patrol robot is shifting from the traditional paradigm. Given the importance of social distancing at reducing the spread of novel coronavirus, innovators are working to bring robot on the ground to remind goers to keep a safe distance from on one another. This is projected to bring new potential prospects for the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of patrol robot.
The entire patrol robot market has been sub-categorized into type and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End User
- Unmanned Aerial Vehicle
- Unmanned Ground Vehicle
- Autonomous Underwater Vehicle
- Defense and Military
This section covers regional segmentation which accentuates on current and future demand for patrol robot market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Patrol Robot Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the patrol robot market include Boston Dynamics, SM probotics, SC Groups, Cobalt Robotics, Robotics Invention. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.