Increasing Investment By Governments to Strengthen the Military Forces is likely to drive the Growth of Global Military Robots Market in Future, Research Nester
“Military Robots Market:
Global Demand Analysis & Opportunity Outlook 2024”
The
global military robots market is segmented into platform type which includes
airborne, land-based and naval. Among these segments, land-based segment is
expected to show considerable growth during the forecast period. Growing
applications of military robots including explosive ordinance, combat, fire-fighting
and in transportation purposes is a major factor which is estimated to bolster
the growth of land–based segment in near future.
Global military
robots market is expected to register a 9.8% CAGR over the forecast period.
Moreover, The
Global Military Robots Market was valued at USD 13.5 Billion
in 2016 and is expected to reach at a valuation of 21.6 Billion by the end of
2024. Increasing terrorism activities all across the globe is fueling the need
for development of unmanned military systems. Further, rising adoption of
advanced technology in defense sector is likely to foster the growth of global
military robots market during the forecast period.
Global military
robots market is segmented by application type such as war-field robots, pick and
place robots, firefighting robots, metal detector robotic vehicle and voice
controlled robotic vehicle. Further, war field segment is expected to witness
significant demand for military robots during the forecast period. Rising demand for military robots to limit the
number of death of soldiers in war field is anticipated to increase the market
size of war field segment.
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Sample @
Rise in Defense Budget of developing nations
The governments of emerging nations such as China,
India and other countries are vastly investing in enhancement and strengthening
their military & defense sector. Growing terrorism activities all across
the globe is fuelling the concern regarding safety & security of national
borders. Further, this rise in investment by governments in defense sector is a
major factor which is estimated to drive the global military robot market
during the forecast period.
Growing
adoption of robots in military & defense sector
Military
& defense sector is witnessing huge demand for robots. Growing need for
spying in enemy territories and other application of robots in different
military purposes are some of major factors which are fueling the demand for unmanned
robots. Further, unmanned aerial vehicle, unmanned ground vehicle and unmanned
marine vehicle are highly used in military applications.
Although,
recent defense budget cuts in developed nations such as U.S. is expected to
negatively impact the growth of global military robots market in near future.
Additionally, augmented skepticism regarding danger of automated weapon systems
is a major factor which is anticipated to hamper the growth of global military
robots market.
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The
report titled “Military
Robots Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of
the global military robots market in terms of market segmentation by platform, by
payload, by application and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This
report also provides the existing competitive scenario of some of the key
players of the Global
Military Robots Market which includes company profiling of Boston Dynamics, General Dynamics Corp., Lockheed
Martin Corp., Northrop Grumman Corp., Thales Group, AeroVironment, Clearpath
Robotics, Boeing, Energid Technologies, and Recon Robotics. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global military
robots market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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The Analyst @
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Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
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Contact for more
Info:
Ajay
Daniel
Phone:
+91 120 660 5495
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