The Global Military Robots Market is forecast to deliver substantial growth in the projected timeline, mainly driven by the increasing demand for the Military Robots industry in the global and regional markets. The comprehensive analysis of the Military Robots market assists businesses in gaining a competitive advantage and helps them reach their business goals and objectives. The global Military Robots market research report is formulated with the descriptive profiles of the leading companies of the market along with their pricing analysis, gross revenue, financial standing, sales network and distribution channel, profit margins, and market position.
An increased defense budget is a significant factor in fueling the market growth. The overall military expenditure, in 2019, has risen to about USD 11.92 trillion, a change of 3.6% from 2018, and the highest annual spending increase since 2010. In the US, in 2019, military spending rose by 5.3% to an overall USD 732.00 billion, which is equivalent to 38.0% of worldwide military spending. The US Department of Defense (DoDs) appropriated USD 6.00 billion for ISR operation.
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Key Highlights From The Report
- Land robots are likely to grow at the fastest rate in the forecast period. It assists soldiers in locating the patrolling or ambushing enemies, thereby saving lives. UAVs enable troops to explore suspected bombs. These robots find widespread deployment by armed services for usages such as battles, EOD, and firefighting.
- Military robots deployed for transportation improve logistics efficiency and similarly aid movement of soldiers. Military robots assist soldiers in conveying battlefield materials alike assist in picking up causalities.
- Europe is projected to grow at the fastest rate in the forecast period attributed to the growing deployment of military robots owing to increasing advancement and deployment of technologies by the European nations comprising Germany, the UK, and France in the defense sector.
- Key participants include Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Cobham PLC, BAE Systems, Qinetiq, General Dynamics Corporation, Northrop Grumman Corporation, and Israel Aerospace Industries Ltd., among others.
Emergen Research has segmented the global military robots market on the basis of platform, operation mode, application, and region:
- Platform Outlook (Revenue, USD Billion; 2017-2027)
- Unmanned Aerial Vehicle (UAV)
- Unmanned Combat Aerial Vehicle (UCAV)
- Unmanned Surface Vehicles (USVs)
- Autonomous Underwater Vehicles (AUVs)
- Remotely Operated Underwater Vehicles (ROVs)
- Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Combat Support
- Search and Rescue
- Explosive Ordnance Disposal (EOD)
- Mine Clearance
The Global Military Robots Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, Japan, India, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
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The following are the main reasons to buy the Global Military Robots Market report:
- The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
- Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Military Robots Market Segmentation & Impact Analysis
4.1. Military Robots Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Increased defense budget
220.127.116.11. The development of multi-mission robots
18.104.22.168. Rising deployment in harsh and hazardous environment
22.214.171.124. Substitution of robots by human soldiers leading to reduced casualties
4.2.3. Market restraints analysis
126.96.36.199. Strict regulatory norms
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Military Robots Market By Platform Insights & Trends, Revenue (USD Million)
5.1. Platform Dynamics & Market Share, 2019 & 2027
188.8.131.52. Unmanned Aerial Vehicle (UAV)
184.108.40.206. Unmanned Combat Aerial Vehicle (UCAV)
220.127.116.11. Unmanned Surface Vehicles (USVs)
18.104.22.168. Autonomous Underwater Vehicles (AUVs)
22.214.171.124. Remotely Operated Underwater Vehicles (ROVs)
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