The Security Robots Market is expected to reach USD 3.34 Billion by 2030, growing at a CAGR of 7.96% from 2022 to 2030. Increased cross-country conflicts, notably in the last decade, have fueled this growth. The European refugee crisis since 2015 witnessed a surge in migrants and refugees seeking asylum in the European Union, traversing regions like South and Western Asia, the Western Balkans, and Africa. Additionally, territorial disputes, such as those between the Algerian-backed Polisario front and Morocco over Western Sahara, contribute to the demand for security measures.
Mergers and Acquisitions remain the primary focus of Market Players
According to BMRC, the global market is intensely competitive, with key players expanding their business operations internationally and regionally. Merger and acquisition strategies are commonly employed by regional players to enhance market positioning and broaden their customer reach.
For Instance February 2022: Artificial Intelligence Technology Solutions Inc., confirmed that Robotic Assistance Devices Inc. (RAD), its wholly-owned subsidiary has selected Apex3 Systems, LLC as the authorized dealer, while receiving an supply order for ROSA security robot.
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