Autonomous Residential Security Drone Market Size

Autonomous Residential Security Drone Market size is set to expand at over 30.1% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the growing adoption of robotics and automated machines, backed by technological advancement globally. Along with this, the increasing demand for security in residential area, due to safety threats, thefts, and others. The global population is growing at a rapid rate, resulting in demand for residential buildings. According to the data by the World Bank, the global population reached 7.753 billion in 2020. The increasing construction of buildings is bound to boost the demand for security services. Drones are more efficient in providing high level security, as compared to humans. The growing urbanization is another major factor estimated to boost the market growth. Such factors are estimated to boost the market growth.