Military Robots Market Prognosticated To Escalate With a Staggering CAGR

Pune, India, April, 2018/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Military Robots Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Military Robots Market – Overview

According to a recent study report published by Market Research Future, the global market for military robots market will grow at a rapid pace over the forecast period. The market is expected to witness slow but steady growth until 2023, which will be a growing fast at a moderate CAGR during the forecast period (2017 -2023).  

The high demand for military robots market is due to the growing need to replace humans for dirty, dangerous and repetitive tasks in military, thus increasing the participation of manufacturers. Rapid adoption of robotics and artificial intelligence in military application will estimated to add to the growth of the market. Several dangerous tasks such as detecting chemical weapons, reconnaissance purpose and breaching enemy obstacles, are performed by robotics as it takes away the risk of soldier life. However, difficult to achieve interoperability among so many different systems and technologies act as a barrier to the growth of military robots market.

A military robots are designed for defense applications such as rescue & search, transportation, mine clearance and targeting. The rise in popularity of robotics and artificial intelligence in military industry is expected to drive the market during the forecast period. Hence, the military robots system must integrate with artificial intelligence to improve the delivery of the right information to the right location and at the right time. Military aircraft operators are investing in the military robots system at a formidable rate in order to improve the functioning of the system. Leading military powers such as U.S. and Russia have modernized their armed forces and deployed weapons using robotics.

Moreover, factors responsible for the growth of military robots market are rising growth in border investigation, common ISR functions, rising focus on the development of unmanned military systems, and use of robots for a new range of military applications. This is the primary factor that drives the growth of the global military robots market and has gained prevalence in the recent times, with the usage of best in class technologies in the military sectors. Thus, the growth of the military robots market is expected to go hand in hand with the growth of investment in the military sector.

Industry/ Innovation/ Related News:

September, 2017 – Northrop Grumman Corporation signed a contract with U.S. Defense department to provide the unmanned ground vehicles (UGVs), the interoperability profile (IOP) – compliant Nomad.

April, 2017 – AeroVironment signed a contract with U.S. Army to provide subs and armed robots for next generation of warfare.

February, 2016 – General Dynamics Mission Systems has acquired Bluefin Robotics, that performed a wide range of missions for the U.S. military and commercial customers.

Global Military Robots Market – Segmentation

The global Military Robots market is segmented into 5 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Payload                             : Comprises Sensor, Radar, and Weapon

Segmentation by Application                       : Comprises Warfield, Fire fighting, Search & Rescue, Transportation, Mine Clearance and Others

Segmentation by Mode of Operation          :  Comprises Human Operated, Autonomous

Segmentation by Platform                            :  Comprises Airborne, Ground Based and Naval

Segmentation by Regions                             : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Global Military Robots Market:

Regional Analysis

European region is dominating the market of the global military robots market due to manufacturers are equipped with the knowledge of robotics and various research institutes are developed. Countries such as U.K., Germany and France spend significantly for development of their military sector.

North America is referred to as the second-largest military robots market due to factors such as increase investment by the governments of developing countries have fuelled the demand for global military robots market.

Key Players:

Lockheed Martin Corporation (U.S.), Northrop Grumman System Corp. (U.S.), General Dynamics Corporation (U.S.), BAE Systems, Inc. (U.K.), AeroVironment Inc. (U.S.), and iRobot (U.S.), Boston Dynamics (U.S.), Thales Group (France), Elbit Systems Ltd (Israel), and Turkish Aerospace Industries, Inc. (Turkey) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global military robots market.