World Military Robots Sector Discussed in New M&M Research Report Now Available at MarketPublishers.com21 Dec 2015 • by Natalie Aster
LONDON – The global market for military robots is forecast to grow from USD 13.55 billion as of 2015 to be estimated at USD 21.11 billion by end-2020, registering 9.27% CAGR through to 2020. The market for military robots is propelled by key factors, such as the soaring demand for the efficiency and effectiveness of operations for automation, growing need for enhance cross border surveillance, and minimisation of casualties.
Application-wise, the firefighting robots segment is set to register the highest CAGR over the coming years. They are increasingly being utilised to cope with fire situations to avoid casualties. North America dominated the world military robot market as of 2014, and is posed to keep on taking the lead in the market to 2020. The USA is the world’s largest developer, operator, and exporter of military robots. Europe will likely expand at the fastest CAGR in the offing, which can be attributed to the fact that around 26 nations in the region presently have active UAV and robotic programmes, including the UK, Germany and Russia, amid others. The region’s military robot market is set to grow considerably in the years to come, driven by the rapid adoption and advances of military technologies, increasing investments and development of advanced ground robots for transportation, surveillance, and combat applications.
Northrop Grumman, Lockheed Martin, AeroVironment, Israel Aerospace Industries, iRobot, and Boston Dynamics, among others, are the leading players in the global military robots market.
New research report “Military Robots Market by Platform (Airborne, Naval, Land-based), Application (Warfield, Pick ‘n’ Place, Firefighting, Voice-controlled Robotic Vehicle, Metal Detector Robotic Vehicle, Others), & Region - Global Forecast to 2020” developed by M&M analyses the world military robots market, segmented by payload, application, platform, and by region. It casts light on key market drivers & restraints, challenges and opportunities; offers a granular industry trend analysis; delves into the competitive landscape; and profiles the 12 leading players. Furthermore, detailed market size forecasts are available, too.
Military Robots Market by Platform (Airborne, Naval, Land-based), Application (Warfield, Pick ‘n’ Place, Firefighting, Voice-controlled Robotic Vehicle, Metal Detector Robotic Vehicle, Others), & Region - Global Forecast to 2020
Published: December, 2015
Price: US$ 4,650.00
More new studies by the publisher are available at M&M page.