SAN FRANCISCO, July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Security and Law Enforcement Robots – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 7; Released: January 2022
Executive Pool: 2781
Companies: 34 – Players covered include Boston Dynamics; Cobalt Robotics; Endeavor Robotics; Lockheed Martin Corporation; Northrop Grumman Corporation; SMP Robotics Systems Corp.; SuperDroid Robots Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Unmanned Logistics, Border Patrolling & Bomb Detection, Law Enforcement)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Security and Law Enforcement Robots Market to Reach $3.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Security and Law Enforcement Robots estimated at US$1.6 Billion, is projected to reach a revised size of US$3.7 Billion by 2026, growing at a CAGR of 14.5% over the analysis period. Unmanned Logistics, one of the segments analyzed in the report, is projected to record a 15.7% CAGR and reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Border Patrolling & Bomb Detection segment is readjusted to a revised 14.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $563.8 Million in 2021, While China is Forecast to Reach $647.3 Million by 2026
The Security and Law Enforcement Robots market in the U.S. is estimated at US$563.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$647.3 Million by the year 2026 trailing a CAGR of 13.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 12.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR.
Law Enforcement Segment to Reach US$893.2 Million by the year 2026
In the global Law Enforcement segment, USA, Canada, Japan, China and Europe will drive the 12.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$354.5 Million will reach a projected size of US$788 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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