Global military robots market is driven by the use of robots for a new range of military applications and military modernization programs, global military robots market registering a healthy CAGR of 13.40% in the forecast period of 2019-2026.
Major Market Competitors/Players: Global Military Robots Market
Few of the major competitors currently working in the global military robots market are Northrop Grumman Corporation, Lockheed Martin Corporation, QinetiQ, ENDEAVOR ROBOTICS, INC., Cobham plc, General Dynamics Corporation, Elbit Systems Ltd., UAV Factory, Rafael Advanced Defense Systems Ltd., AeroVironment, Inc., IMI Systems Ltd., BAE Systems., Saab AB., Boeing., and others.
This military robots market report gives explanation about the different segments of the market analysis which is demanded by today’s businesses. The process of formulating this market report is initiated with the expert advice and the utilization of several steps. Market share analysis and key trend analysis are the major accomplishing factors of this military robots market report. Evaluations of CAGR values, market drivers and market restraints aid businesses in deciding several strategies. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or semiconductors&electronics industry.
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Competitive Analysis: Global Military Robots Market
Global military robots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of military robots market for global, Europe, North America, Asia-Pacific and South America.
Development of artificial intelligence and modern technology drives the market of military robots
Increasing terrorism activities worldwide is another factor driving the growth of the market
Increase in perfection due to replacement of soldiers with robots is also driving the market growth
These robots are designed to provide excellent service at situation like hazardous and extreme environments without any hassle, contributing in the industrial development
Decline in defence budget in developed economies across the globe acts as restraints for the industry
High cost of procurement and maintenance cost for the robots
Segmentation: Global Military Robots Market
Unmanned Surface Vehicles (USV)
Autonomous Underwater Vehicles (AUV)
Remotely Operated Vehicles (ROV)
Unmanned Combat Aerial Vehicle (UCAV)
Intelligence, Surveillance and Reconnaissance (ISR)
Search and Rescue
Explosive Ordnance Disposal (EOD)
By End user
Homeland Security Market
By Mode of Operation
Middle East and Africa
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Key Developments in the Market
In February 2019, FLIR Systems, Inc. announced that they have acquired Chelmsford so that they can meet the endeavor robots demand because they taking place of soldiers in dangerous situations .This will benefit FLIR to enter into attractive unmanned ground vehicles market for military and advance algorithms that use AI and machine learning and provide public safety.
In February 2016, iRobot a U.S. based well known consumer robotics vendor sells its defense and security division to Arlington Capital Partners as they want to focus on its domestic robots market, add on new product range in the market, continue their expansion in china and plans to further expand this niche market only.
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