DUBLIN, September 15, 2017 /PRNewswire/ --
The "Military Robots Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The military robots market is projected to grow from USD 16.79 Billion in 2017 to USD 30.83 Billion by 2022, at a CAGR of 12.92% during the forecast period. Factors such as rising focus on the development of unmanned military systems, use of robots for a new range of military applications, and military modernization programs in various countries are expected to drive the growth of the military robots market from 2017 to 2022.
On the basis of platform, the military robots market has been segmented into land robots, marine robots, and airborne robots. The land robots segment is projected to grow at the highest CAGR during the forecast period. The rising demand for land robots can be attributed to several factors, including increasing demand for land robots in counter-IED operations, replacement of existing warfare platforms with unmanned systems, etc.
The number of military robots in the defense sector has increased considerably in the past few years, mainly driven by the high number of new robotic platforms manufactured worldwide. These unmanned platforms are needed with weapons and sensors that can be operated remotely and safely. The overall market is led by the Intelligence, Surveillance, and Reconnaissance (ISR) application segment, and this segment is expected to witness considerable growth in the coming years.
Based on mode of operation, the military robots market is led by the human operated segment. The autonomous segment is expected to grow at the highest CAGR in the coming years; this can be attributed to the growing demand for fully and semi-autonomous military robots.
The Europe military robots market is expected to exhibit the highest growth during the forecast period. A key driver of the military robots market in the European region is the continuous upgrade of warfare platform for technology. France, Germany, and the UK are the major countries that are investing in military robots and related technologies.
The growth of the military robots market could, however, is affected by certain major restraints in the coming years. These factors include declining defense budgets of developed economies of the world and stringent technology sharing rules.
- Aerovironment, Inc.
- Bae Systems
- Boston Dynamics
- Cobham PLC
- Elbit Systems Ltd.
- Endeavor Robotics (Irobot)
- General Dynamics Corporation
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Saab AB
- Thales Group
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Military Robots Market, By Platform
8 Military Robots Market, By Application
9 Military Robots Market, By Mode of Operation
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/8s436m/military_robots
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SOURCE Research and Markets