2022 Value of Military Robots Market at $30Bn+ Forecasts a New Global Research Report
The military robots market is expected to grow from an estimated $16.79 billion in 2017 to $30.83 billion by 2022, at a CAGR of 12.92% from 2017 to 2022 driven by rising need for unmanned military systems and modernization programs in various countries.
Pune, India – September 8, 2017 /MarketersMedia/ —
“North America is expected to lead the military robots market; the Europe military robots market is projected to grow at the highest rate”
The North America region is expected to lead the military robots market in 2017. The Europe military robots market is expected to grow at the highest CAGR during the forecast period.
Browse 110 Market Data Tables and 57 Figures spread through 186 Pages and in-depth TOC on “Military Robots Market – Global Forecast to 2022”
In North America, the US is considered to be the largest market for military robots, owing to technological advancements and rising incidences of armed conflicts or war against terrorism. The US is one of the main manufacturers and end users of military robots across the globe, due to the threats received by the country and its participation in the war against terrorism in Syria, Iraq, and Afghanistan. The acceptance of military robots provides enhanced assistance to the troops and helps them in various military applications.
The market for military robots is driven by several factors such as rising number of terrorist activities, increasing need of systems that can conduct remote operations for a longer time, and technological developments in unmanned systems globally.
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The number of military robots in the defense sector has increased considerably in the past few years, mainly driven by the high number of new robotic platforms manufactured worldwide. These unmanned platforms are needed with weapons and sensors that can be operated remotely and safely. The overall market is led by the Intelligence, Surveillance, and Reconnaissance (ISR) application segment, and this segment is expected to witness considerable growth in the coming years.
“Mine clearance application segment is expected to witness the highest growth during the forecast period”
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Key applications considered for market study are Intelligence, Surveillance, and Reconnaissance (ISR), search and rescue, combat support, transportation, EOD, mine clearance, firefighting, and others. The mine clearance application segment military is expected to lead the military robots market during the forecast period. This growth can be attributed to the increasing casualties of troops during wars and modernization programs of various countries.
“Breakup of profile of primary participants for the military robots market”
By Company Type – Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
By Designation – C level – 45%, Director level – 25%, Others – 30%
By Region – North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%
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The major companies profiled in the report include Kongsberg Gruppen (Norway), Lockheed Marin Corporation (US), Saab AB (Sweden), Elbit System Ltd. (Israel), Northrup Grumman Corporation (US), Boeing (US), QinetiQ (UK), Thales Group (France),etc.
Reasons to buy the report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends and focus), market-share analysis of top players, vendor dive analysis of top 25 players, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the military robots market, high-growth regions and countries, and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
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The report provides insights into the following pointers:
Market Penetration: Comprehensive information on military robots offered by top 25players in the military robots market
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the military robots market
Market Development: Comprehensive information about lucrative emerging markets -the report analyses markets for military robots across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the military robots market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the military robots market.
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