Global Military Robots Market
by Platform (Airborne, Land-Based, Naval) By Payload (Sensor, Laser, Radar,
Camera, Video Screens, Weapons) By Application (Warfield Robots, Pick n Place
Robots, Firefighting Robots, Metal Detector Robotic Vehicle, Voice Controlled
Robotic Vehicle) and Region - Global Forecast to 2024
Military
robots are autonomous robots or remote control mobile robots especially
designed for military applications, search operation, rescue operation and even
for attack. These robots are operated by soldiers and are programmed to perform
according to the given instruction. They have been proved as an essential tool
for military operations. Military robots can perform those operations which are
impossible for a soldier. These robots are highly advanced and are able to
transform, receive and forward information. Some military robots are equipped
with arms and weapons for attack application.
Market Size & Forecast
Global
military robots market is anticipated to flourish at a robust compound annual
growth rate (CAGR) of 9.8 % over the forecast period 2017-2024. The global military robot market stood at
valuation of around USD 13.5 Billion in 2016 and is expected to reach at a
valuation of about USD 21.6 Billion by the end of 2024. Increasing
terrorist activities across the globe and increasing investment in defense
sector are some major factors which are expected to foster the growth of global
military robots market.
In terms
of region, global military robots market is segmented into five major regions
i.e. North America, Europe, Asia Pacific, Latin America and Middle East &
Africa Region. In terms of revenue share, North America region has been
dominating the global military robots market owing to the various factors such
as technological advancement and high military spending in this region.
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On the
other hand, Europe is the second leading market for military robots and is
expected to witness a robust growth during the forecast period. The market of
military robots in Europe region is anticipated to flourish at highest compound
annual growth rate (CAGR) over the forecast period. This growth of Europe
region can be attributed to various factors such as rising adoption of robots
and humanoids in defense sector and presence of robot industries in the region.
Additionally,
Asia Pacific region is envisioned to witness a remarkable growth over the
forecast period due to rising terrorism activities in many countries including
India, China and Korea coupled with rising expenditure in defense and military
sector in this region.
Market Segmentation
Our-in
depth analysis of the global military robots market includes the following
segments:
By Platform
·
Airborne
·
Land-Based
·
Naval
By Payload
·
Sensor
·
Laser
·
Radar
·
Camera
·
Video
Screens
·
Weapons
By Application
·
Warfield
Robots
·
Pick
n Place Robots
·
Firefighting
Robots
·
Metal
Detector Robotic Vehicle
·
Voice
Controlled Robotic Vehicle
By Region
Global
military robots market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
·
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East)
Market size, Y-O-Y growth & Opportunity Analysis.
Growth Drivers & Challenges
Global military robots market is driven by some of the major
factors such as increasing investment in defense & military sectors and
technological advancement of military robots. Increasing terrorism activities
all over the globe is one of the major factors which has forced all nations to
strengthen their military and defense sector which is further anticipated to
impel the demand for military robots in defense sector. In addition to this,
military robots have numerous advantages such as lifesaving, firefighting
ability and various other advantages.
Demand for
military robots is expected to rise in defense sector due to rising need for
better cross border surveillance, effectiveness and efficiency in military
operations. Further, increasing adoption of drones at soaring pace in defense
sector for surveillance proposes is a major factor driving the growth of global
military robot market. Moreover, replacement of frontline human soldiers with
humanoid robots is expected to escalate the growth of global military robots in
near future.
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However,
recent budget cuts in major countries of North America and Europe regions are
anticipated to hamper the growth of global military robots market. Moreover,
rising skepticism regarding automated weapons systems is likely to dampen the
growth of global military robot market in near future.
Key Players
·
Boston
Dynamics
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
General
Dynamics Corp.
·
Lockheed
Martin Corp.
·
Northrop
Grumman Corp.
·
Thales
Group
·
AeroVironment
·
Clearpath
Robotics
·
Boeing
·
Energid
Technologies
·
Recon
Robotics
Scope
& Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
military robots market is segmented as follows:
·
By
Platform Market Size & Y-O-Y Growth Analysis
·
By
Payload Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry Growth Drivers and
Challenges
Key
Information for Players to establish themselves in current dynamic environment
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