Market Share of Security Robot Industry
The global security robots market is highly fragmented, with several new entrants and start-ups in developed regions. Relatively high barriers to entry and exit lead to higher market penetration. However, the tendency to vertically integrate across different value chain segments tends to offer a competitive edge to leading vendors in the market. Lockheed Martin Corporation and Northrop Grumman are some of the key players in the security robot market.
In June 2022, Elbit Systems unveiled COPAS-L, a new Electro-Optical (EO) payload for Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR). COAPS-L is a miniaturized configuration of the Company's Commander Open Architecture Panoramic Sight (COAPS) that is in service onboard Main Battle Tanks and Armored Fighting Vehicles (AFV) around the world.
In January 2022, Leonardo bought HENSOLDT AG, a top German leader in the market for sensors for defense and security applications, with an expanding portfolio in sensors, data management, and robotics. Leonardo would also be able to build a long-term strategic position in the quickly expanding German defense industry thanks to this acquisition.
Security Robots Market Leaders
Leonardo SPA
Lockheed Martin Corporation
Northrop Grumman Corporation
Thales SA
BAE Systems PLC
*Disclaimer: Major Players sorted in no particular order
