Cyber security in robotics market is expected to have a market share of USD 11.6 billion by 2033. Whereas the market is likely to be valued at USD 3.8 billion in 2023. The market is growing at a Strong CAGR of 11.7% from 2023 to 2033.
Robotic technology can easily be hacked or cyber-attacked through network breaches. Thus, vendor companies are installing these cyber security solutions within the robotic AI system.
The long range of applications that robotic technology caters to are some crucial fields that deal with human health, security, and data. Therefore, the stringent government laws around these security propositions are considered by the end users and manufacturers.
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Advanced cyber-attacks for financial and data information while also malfunctioning robotic systems to hurt people have become common. Making people more aware of cyber security. Furthermore, the wide range of verticals is also flourishing the demand for cybersecurity solutions in robotics.
Advanced cyber security for elderly care robots is also in the market trend as they get consumed at an increasing rate. It is due to the rising elderly population.
Key Points
- The United States market leads the cyber security in robotics market in terms of market share in North America. The North American region held a market share of 42.4% in 2022. The growth in this region is attributed to the rising adoption of robotic and autonomous technology in the household and industries as well. The United States itself held a market share of 38.6% in the global share in 2022.
- The United Kingdom’s cyber security in robotics market is another significant market in the European region. The market thrives at a CAGR of 11.6% between 2023 and 2033. The growth is attributed to the stringent government safety norms and higher penetration of AI deployment in robots.
- Japan cyber security in robotics market held a market share of 4.7% in 2022. The growth is attributed to it being the technological and robotic hub of Asia.
- The industrial robot leads the product type segment as it held a market share of 26.7% in 2023. The growth is attributed to the enhanced safety proposition and higher consumption.
- Based on the service type, the security assessment segment leads, holding a substantial global share of 34.3% in 2023.
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Competitive Landscape
The key vendors work on adding security layers, successfully detecting the threat beforehand, and easy functionality. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
Key Players
- McAfee
- Aujas Cyber Security
- TUV Rheinland
- Trojan Horse Security
- Beyond Security
- Alias Robotics
- NTT Data
- Xelium Tech Solution
- Exida
- Skyhopper
- DXC Technology
- Cloud Flare
- Infosec
- Akamai
- Radware
Recent Market Developments
- McAfee has introduced the robot character analysis that detects the different types of security threats on the robots. It saves the robot data from a type of data breach with effective communication.
- Trojan Horse Security has also launched its cyber security platform for robotic technologies. As this saves it from different attacks like reply attacks, fault injection attacks, etc.
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Market Segmentation
By Solution:
- Authentication
- Secure Communication
- Encryption
- Denial of Service Protection
- Risk & Vulnerability Management
By Services:
- Security Testing
- Upgradation & Patch Management
- Security Assessment
By Type:
- Industrial Robot
- Medical Robot
- Collaborative Robot
- Defense Robot
- Others
Key Regions Covered:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
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