DUBLIN, April 15, 2016 /PRNewswire/ --
Dublin - Research and Markets has announced the addition of the "Global Military Robots Market 2016-2020" report to their offering.
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The global military robots market is projected to grow at a CAGR of 9.36% during the period 2016-2020.
Military robots are autonomous or remote-controlled mobile machines designed for military applications. Some of them are currently in use and many are in their development phase. They have a number of advantages, the major one being their capability to perform hazardous tasks; thus, avoiding casualties.
Growing extremist and encroachment activities have resulted in increasing investments by several governments and defense authorities to procure and develop military robots to compensate for the military downsizing.
The replacement of soldiers or army troops with humanoid robots is the latest trend in the market. The presence of robots in the infantry reduces human casualties, gathers better intelligence, reduces operational costs (as compared to that of soldiers), improves attack capability, and offers effective surveillance.
According to the report, one of the major driving factors of the market is growing demand for drones. The drones or unmanned systems are smaller in size and cost-effective, as compared to their manned counterparts. They provide secure, reliable, and modernized digital communication with the help of various systems that are equipped with them. These systems include engines, autopilots, navigation systems, sensors, and communication links.
Further, the report states that Increasing budget cuts and sequestration in the US military and the economic crisis in some of the major European countries have stalled the development of such military robots due to the anticipated high development costs, which is a major concern in the market.
- Boston Dynamics
- General Dynamics Corp.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Thales Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by platform
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/5csbq8/global_military
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