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Global Military Robots Market Key Trends 2019: By QinetiQ, ENDEAVOR ROBOTICS, INC., Cobham plc, General Dynamics Corporation, Elbit Systems Ltd., UAV Factory, Rafael Advanced Defense Systems & Others

Global Military Robots Market
Global Military Robots Market

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.

Market Drivers:     

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

Market Restraints:

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

By Platform

Land Robots

Wheeled

Tracked

Legged

Wearable

Marine Robots

Unmanned Surface Vehicles (USV)

Autonomous Underwater Vehicles (AUV)

Remotely Operated Vehicles (ROV)

Airborne Robots

Small UAV

Tactical UAV

Strategic UAV

Unmanned Combat Aerial Vehicle (UCAV)

By Payout

Sensor

Radar

Weapon

Others

By Application

Intelligence, Surveillance and Reconnaissance (ISR)

Search and Rescue

Combat Support

Transportation

Explosive Ordnance Disposal (EOD)

Mine Clearance

Firefighting

Warfield

Others

By End user

Military Market

Homeland Security Market

By Mode of Operation

Human Operated

Tethered

Untethered

Remotely Operated

Tele operated

Autonomous

Fully Autonomous

Semi-Autonomous

By Geography

North America

South America

Europe

Asia-Pacific

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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