Military Robots Market Booming Worldwide with Industry Analysis, Future Growth, Upcoming Trend and Future Scope by 2027 | Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, etc.
The global military robots market is projected to be worth USD 52.16 Million by 2027, according to a current analysis by Emergen Research. The military robots market observes rapid growth attributed to its increasing demand in intelligence, surveillance, and reconnaissance (ISR) in the military & defense sector. The number of war field casualties’ may be considerably reduced by deploying surveillance and reconnaissance robots to fetch the area layout and associated hostile elements.
Robots possess the ability to endure harsh terrain, triangulate enemy sites, sense toxic atmospheres, remotely detonate & defuse bombs, and accomplish numerous other missions that may be perilous to humans. After 9/11, the ISR operations active in Iraq and Afghanistan emphasized counter-terrorism and counter-insurgency, and the military robots had the freedom to operate drones unregulated in these nations.
An increased defense budget is a significant factor in fueling the market growth. The overall military expenditure, in 2019, has risen to about USD 11.92 trillion, a change of 3.6% from 2018, and the highest annual spending increase since 2010. In the US, in 2019, military spending rose by 5.3% to an overall USD 732.00 billion, which is equivalent to 38.0% of worldwide military spending. The US Department of Defense (DoDs) appropriated USD 6.00 billion for ISR operation.
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The report further sheds light on the competitive landscape of the Military Robots market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Key market aspects studied in the report:
- In February 2019, Endeavor Robotics was bought by FLIR Systems for worth USD 385.0 million. The deal is intended to strengthen the growing unmanned systems business of FLIR to cater to the US military’s robot deployment plan.
- Land robots are likely to grow at the fastest rate in the forecast period. It assists soldiers in locating the patrolling or ambushing enemies, thereby saving lives. UAVs enable troops to explore suspected bombs. These robots find widespread deployment by armed services for usages such as battles, EOD, and firefighting.
- Military robots deployed for transportation improve logistics efficiency and similarly aid movement of soldiers. Military robots assist soldiers in conveying battlefield materials alike assist in picking up causalities.
- Europe is projected to grow at the fastest rate in the forecast period attributed to the growing deployment of military robots owing to increasing advancement and deployment of technologies by the European nations comprising Germany, the UK, and France in the defense sector.
Report Scope:
Historical Data: 2016-2018
Forecast Period: 2020-2027
CAGR: 11.9%
Base Year: 2019
Number of Pages: 250
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Leading manufacturers profiled in the report:
Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Cobham PLC, BAE Systems, Qinetiq, General Dynamics Corporation, Northrop Grumman Corporation, Israel Aerospace Industries Ltd.
Browse the complete Global Military Robots Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/military-robots-market
Market Segmentations of the Military Robots Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Military Robots market on the basis of product, application:
Segments Covered in this report are:
- Platform Outlook (Revenue, USD Billion; 2017-2027)
- Land
- Wheeled
- Legged
- Tracked
- Wearable
- Airborne
- Unmanned Aerial Vehicle (UAV)
- Unmanned Combat Aerial Vehicle (UCAV)
- Naval
- Unmanned Surface Vehicles (USVs)
- Autonomous Underwater Vehicles (AUVs)
- Remotely Operated Underwater Vehicles (ROVs)
- Land
- Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
- Human-Controlled
- Autonomous
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Combat Support
- Search and Rescue
- Transportation
- Explosive Ordnance Disposal (EOD)
- Mine Clearance
- Firefighting
- Others
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