MOUNTAIN VIEW, Calif. -- Knightscope, Inc., a leading developer of autonomous security robots and blue light emergency communication systems, today announced a new contract with a self-storage company for an initial order of five K5 Autonomous Security Robots (“ASRs”). The client is one of the fastest-growing self-storage platforms in the United States with assets located primarily in high-density, urban markets.
Knightscope’s K5 ASRs will patrol five storage locations – two in the Portland area and three others in California – to help mitigate risk and elevate the protection offered to tenants and their belongings. In addition to their security duties, the robots will broadcast helpful messages to passersby and act as brand ambassadors. Based on the success of these initial deployments, the client will be considering deployments at many other store locations.
According to industry analysts, the global self-storage market was valued at $54 billion in 2022. Projections show growth at a CAGR of 7.53% with an expected market value of $83.6 billion by 2027 with 90 percent of worldwide self-storage inventory is in the U.S. Security at these facilities is one of the primary marketing tools and, if upgraded beyond competitors, affords owners the ability to maximize occupancy while increasing revenue per square foot.