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Europe Security Robots Market Forecast 2021-2028

KEY FINDINGS
The Europe security robots market is predicted to register a CAGR of 7.36%, during the forecast years of 2021 to 2028. The region's market growth is propelled by factors including, innovations in security and safety robots across the commercial, defense, and government markets, the increased government funding, and the strong positioning in robotics development.

MARKET INSIGHTS
The Europe security robots market growth is analyzed by assessing Russia, France, the Netherlands, the United Kingdom, Italy, Germany, and the rest of Europe. As of 2018, security companies in Italy, using robots, were considered a minority. Besides, among small-scale companies, nearly 8% utilized automation, while 6% of enterprises, with over 250 employees, implemented the same. Italy's Milan Malpensa International Airport welcomes more than 20 million passengers, annually. As a result, customer safety is crucial, especially during the COVID-19 pandemic. In order to protect travelers from contaminants like the novel coronavirus, the airport has deployed the Connor UVC robot for the systematic disinfection of the airport.
Russia's military expenditure ranks third, worldwide. The nation's allocated budget for military purposes in 2017, was $69.2 billion, denoting an increase of 5.9%, since 2015. The designated funding is used to procure armed robots, therefore propelling Russia's market growth. In October 2017, the country's military announced the plan to acquire a ground-combat robot, named Nerekhta, armed with remotely operating weapons, such as, rocket launchers and machine guns. Therefore, these factors are set to facilitate the market growth in Europe over the forecast period.

COMPETITIVE INSIGHTS
Some of the leading players operating in the market are, Thales SA, BAE Systems PLC, Leonardo SpA, etc.

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Europe Security Robots Market Forecast 2021-2028
Published By :Inkwood Research
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