Military Robots Market Global Analysis and Forecast to 2020
“Rising need for better cross border surveillance is a major factor for increasing procurement of military robots, globally”
The global military robots market is expected to grow from an estimated USD 13.55 billion in 2015 to USD 21.11 billion by 2020, at a CAGR of 9.27% from 2015 to 2020. The market for military robots is driven by critical factors, such as increasing demand for the effectiveness and efficiency of operations for automation, rising need for better cross border surveillance, and minimization of casualties. Complete report on military robots market spread across 148 pages, profiling 13 companies and supported with 78 tables and 58 figures is now available at http://www.rnrmarketresearch.com/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-market-report.html .
“North America dominates; Europe to grow at the highest rate”
The North American region dominates the global military robot market in 2014, and is expected to continue its dominance during the forecast period of 2015 to 2020. The U.S. is considered to be the largest developer, operator, and exporter of military robots, globally, thereby resulting in the large share of the North American region in the global military robots market. The main functions of these robots include ISR (Intelligence, Surveillance, & Reconnaissance), ensuring border security and minimizing the risks of terrorism on the domestic assets and population. The market in Europe is projected to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the fact that nearly 26 nations in Europe currently have active UAV and robotic programs, including the U.K., Russia, and Germany, among others. With the rapid advancements and adoption of military technologies in the region, the military robot market in Europe is projected to grow significantly during the forecast period (2015 to 2020). Other key factors driving the growth of the European market are the increasing investments and development of advanced ground robots for transportation, surveillance, and combat applications.
The major companies profiled in military robots market research report include Northrop Grumman (U.S.), Lockheed Martin (U.S.), AeroVironment (U.S.), Israel Aerospace Industries (Israel), iRobot (U.S.), and Boston Dynamics (U.S.), among others. Priced at $4650 for a single user PDF, a discount on “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” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=442388 .
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on military robots offered by the top 10 players in the global military robots market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the military robots market
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for military robots across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global military robots market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global military robots market
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