Global Military Robots Market (2016-2024)- Research Nester
Global Military Robots Market by Platform (Airborne, Land-Based, Naval) By Payload (Sensor, Laser, Radar, Camera, Video Screens, Weapons) By Application (Warfield Robots, Pick n Place Robots, Firefighting Robots, Metal Detector Robotic Vehicle, Voice Controlled Robotic Vehicle) and Region - Global Forecast to 2024
Global Military Robots Market by Platform (Airborne, Land-Based, Naval) By Payload (Sensor, Laser, Radar, Camera, Video Screens, Weapons) By Application (Warfield Robots, Pick n Place Robots, Firefighting Robots, Metal Detector Robotic Vehicle, Voice Controlled Robotic Vehicle) and Region - Global Forecast to 2024
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<strong>Global</strong> <strong>Military</strong> <strong>Robots</strong> <strong>Market</strong>: Industry<br />
Insights & Opportunity Evaluation, <strong>2016</strong>-<br />
<strong>2024</strong><br />
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<strong>Global</strong> <strong>Military</strong> <strong>Robots</strong> <strong>Market</strong> Overview<br />
<strong>Global</strong> <strong>Military</strong> <strong>Robots</strong> <strong>Market</strong> by Platform (Airborne, Land-Based,<br />
Naval) By Payload (Sensor, Laser, Radar, Camera, Video Screens,<br />
Weapons) By Application (Warfield <strong>Robots</strong>, Pick n Place <strong>Robots</strong>,<br />
Firefighting <strong>Robots</strong>, Metal Detector Robotic Vehicle, Voice<br />
Controlled Robotic Vehicle) and Region - <strong>Global</strong> Forecast to <strong>2024</strong><br />
<strong>Military</strong> robots are autonomous robots or remote control mobile<br />
robots especially designed for military applications, search operation,<br />
rescue operation and even for attack. These robots are operated by<br />
soldiers and are programmed to perform according to the given<br />
instruction. They have been proved as an essential tool for military<br />
operations. <strong>Military</strong> robots can perform those operations which are<br />
impossible for a soldier. These robots are highly advanced and are<br />
able to transform, receive and forward information. Some military<br />
robots are equipped with arms and weapons for attack application.<br />
<strong>Market</strong> Size & Forecast<br />
<strong>Global</strong> military robots market is anticipated to flourish at a robust<br />
compound annual growth rate (CAGR) of 9.8 % over the forecast<br />
period 2017-<strong>2024</strong>. The global military robot market stood at valuation<br />
of around USD 13.5 Billion in <strong>2016</strong> and is expected to reach at a<br />
valuation of about USD 21.6 Billion by the end of <strong>2024</strong>. Increasing<br />
terrorist activities across the globe and increasing investment in<br />
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defense sector are some major factors which are expected to foster the<br />
growth of global military robots market.<br />
In terms of region, global military robots market is segmented into<br />
five major regions i.e. North America, Europe, Asia Pacific, Latin<br />
America and Middle East & Africa Region. In terms of revenue<br />
share, North America region has been dominating the global military<br />
robots market owing to the various factors such as technological<br />
advancement and high military spending in this region.<br />
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On the other hand, Europe is the second leading market for military<br />
robots and is expected to witness a robust growth during the forecast<br />
period. The market of military robots in Europe region is anticipated<br />
to flourish at highest compound annual growth rate (CAGR) over the<br />
forecast period. This growth of Europe region can be attributed to<br />
various factors such as rising adoption of robots and humanoids in<br />
defense sector and presence of robot industries in the region.<br />
Additionally, Asia Pacific region is envisioned to witness a<br />
remarkable growth over the forecast period due to rising terrorism<br />
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activities in many countries including India, China and Korea coupled<br />
with rising expenditure in defense and military sector in this region.<br />
<strong>Market</strong> Segmentation<br />
Our-in depth analysis of the global military robots market includes<br />
the following segments:<br />
By Platform<br />
• Airborne<br />
• Land-Based<br />
• Naval<br />
By Payload<br />
• Sensor<br />
• Laser<br />
• Radar<br />
• Camera<br />
• Video Screens<br />
• Weapons<br />
By Application<br />
• Warfield <strong>Robots</strong><br />
• Pick n Place <strong>Robots</strong><br />
• Firefighting <strong>Robots</strong><br />
• Metal Detector Robotic Vehicle<br />
• Voice Controlled Robotic Vehicle<br />
By Region<br />
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<strong>Global</strong> military robots market is further classified on the basis of<br />
region as follows:<br />
• North America (U.S. & Canada) <strong>Market</strong> size, Y-O-Y growth &<br />
Opportunity Analysis<br />
• Latin America (Brazil, Mexico, Rest of Latin America) <strong>Market</strong><br />
size, Y-O-Y growth & Opportunity Analysis<br />
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,<br />
Netherlands & Luxembourg, Rest of Western Europe) <strong>Market</strong> size,<br />
Y-O-Y growth & Opportunity Analysis<br />
• Asia-Pacific (China, India, Japan, Singapore, Australia, New<br />
Zealand, Rest of Asia) <strong>Market</strong> size, Y-O-Y growth & Opportunity<br />
Analysis.<br />
• Middle East and Africa (GCC, North Africa, South Africa and Rest<br />
of Middle East) <strong>Market</strong> size, Y-O-Y growth & Opportunity Analysis.<br />
Growth Drivers & Challenges<br />
<strong>Global</strong> military robots market is driven by some of the major<br />
factors such as increasing investment in defense & military sectors<br />
and technological advancement of military robots. Increasing<br />
terrorism activities all over the globe is one of the major factors<br />
which has forced all nations to strengthen their military and defense<br />
sector which is further anticipated to impel the demand for military<br />
robots in defense sector. In addition to this, military robots have<br />
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numerous advantages such as lifesaving, firefighting ability and<br />
various other advantages.<br />
Demand for military robots is expected to rise in defense sector due to<br />
rising need for better cross border surveillance, effectiveness and<br />
efficiency in military operations. Further, increasing adoption of<br />
drones at soaring pace in defense sector for surveillance proposes is a<br />
major factor driving the growth of global military robot market.<br />
Moreover, replacement of frontline human soldiers with humanoid<br />
robots is expected to escalate the growth of global military robots in<br />
near future.<br />
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However, recent budget cuts in major countries of North America and<br />
Europe regions are anticipated to hamper the growth of global<br />
military robots market. Moreover, rising skepticism regarding<br />
automated weapons systems is likely to dampen the growth of global<br />
military robot market in near future.<br />
Key Players<br />
• Boston Dynamics<br />
o Company Overview<br />
o Key Product Offerings<br />
o Business Strategy<br />
o SWOT Analysis<br />
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o Financials<br />
• General Dynamics Corp.<br />
• Lockheed Martin Corp.<br />
• Northrop Grumman Corp.<br />
• Thales Group<br />
• AeroVironment<br />
• Clearpath Robotics<br />
• Boeing<br />
• Energid Technologies<br />
• Recon Robotics<br />
Scope & Context<br />
Overview of the Parent <strong>Market</strong><br />
Analyst View<br />
Segmentation<br />
The global military robots market is segmented as follows:<br />
• By Platform <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
• By Payload <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
• By Application <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
• By Region <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
<strong>Market</strong> Dynamics<br />
Supply & Demand Risk<br />
Competitive Landscape<br />
Porter’s Five Force Model<br />
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Geographical Economic Activity<br />
Key Players (respective SWOT Analysis) and their Strategies and<br />
Product Portfolio<br />
Recent Trends and Developments<br />
Industry Growth Drivers and Challenges<br />
Key Information for Players to establish themselves in current<br />
dynamic environment<br />
Related Report:<br />
To know more about <strong>Global</strong> <strong>Military</strong> <strong>Robots</strong><br />
<strong>Market</strong>, please visit:<br />
http://www.researchnester.com/reports/military-robots-marketglobal-demand-analysis-opportunity-outlook-<strong>2024</strong>/396<br />
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http://www.researchnester.com/reports/fundus-cameras-marketglobal-demand-analysis-opportunity-outlook-<strong>2024</strong>/449<br />
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