The security robot market size is estimated to reach USD 31.08 billion by 2030, expanding at a CAGR of 12.8% from 2023 to 2030, according to the recent reports
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After analyzing the global security robots market in detail, the author has concluded that this industry is likely to display an upward trend, with a CAGR of 9.35% in terms of revenue in the forecasting years between 2021 and 2028.
Robots are increasingly being used in security and surveillance applications. They are steadily making their way into the surveillance market, for purposes like patrolling shopping malls, college campuses, parking lots, and other public areas. Recent technological developments in a broad range of sensors and their miniaturization, as well as a rise in investments in these robots, are driving growth in the studied market.