Global Military Robots Market Demand Analysis & Opportunity Outlook to 2024 - ResearchAndMarkets.com

DUBLIN--()--The "Military Robots Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.

Global military robots market is anticipated to flourish at a robust compound annual growth rate (CAGR) of 9.8% over the forecast period 2017-2024. The global military robot market stood at valuation of around USD 13.5 Billion in 2016 and is expected to reach at a valuation of about USD 21.6 Billion by the end of 2024. Increasing terrorist activities across the globe and increasing investment in defense sector are some major factors which are expected to foster the growth of global military robots market.

Global military robots market is driven by some of the major factors such as increasing investment in defense & military sectors and technological advancement of military robots. Increasing terrorism activities all over the globe is one of the major factors which has forced all nations to strengthen their military and defense sector which is further anticipated to impel the demand for military robots in defense sector. In addition to this, military robots have numerous advantages such as lifesaving, firefighting ability and various other advantages.

Demand for military robots is expected to rise in defense sector due to rising need for better cross border surveillance, effectiveness and efficiency in military operations. Further, increasing adoption of drones at soaring pace in defense sector for surveillance proposes is a major factor driving the growth of global military robot market. Moreover, replacement of frontline human soldiers with humanoid robots is expected to escalate the growth of global military robots in near future.

However, recent budget cuts in major countries of North America and Europe regions are anticipated to hamper the growth of global military robots market. Moreover, rising skepticism regarding automated weapons systems is likely to dampen the growth of global military robot market in near future.

Market Segmentation

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

By Region

Key Players

  • Boston Dynamics
  • General Dynamics Corp.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Thales Group
  • AeroVironment
  • Clearpath Robotics
  • Boeing
  • Energid Technologies
  • Recon Robotics

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Risk Analysis

4. Global Military Robots Market Size (USD Million) and Forecast, 2016-2024

5. Market Dynamics & Its Impact Analysis

6. Global Market Segmentation Analysis

7. Competitive Landscape

  • Northrop Grumman Corp.
  • Thales Group
  • AeroVironment, Inc.
  • Boeing
  • ReconRobotics, Inc.
  • General Dynamics Corp.
  • Lockheed Martin Corp.
  • Boston Dynamics
  • Clearpath Robotics Inc.

For more information about this report visit https://www.researchandmarkets.com/research/q5lrlg/global_military?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Robotics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Robotics