Press release
Advanced Technologies : Military Robots Market Globally Grow at a CAGR of 11.75% by Revenue During the Forecast Period 2017-2021
The usage of robots has garnered significant importance in many industries. This is because they can be programmed to execute operations autonomously and with perfection. Military is a domain that is characterized by difficult and life-risking operations. Military operations often involve challenges like remote and difficult-to-access terrains. They require advanced monitoring, targeting, and intelligence gathering mechanisms. In such a scenario, the usage of robots is gaining popularity, and this trend is expected to prevail over the next couple of years.
Technavios analysts forecast the global military robots market to grow at a CAGR of 11.75% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global military robots market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product..
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Military Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Boston Dynamics
General Dynamics (GD)
Lockheed Martin
Northrop Grumman
Thales Group
Other prominent vendors
BAE Systems
Elbit Systems
IAI
Saab
Turkish Aerospace Industries
Market driver
Strengthening of border surveillance and patrolling
For a full, detailed list, view our report
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Market challenge
Increased skepticism toward automated weapons systems
For a full, detailed list, view our report
Market trend
Development of multi-mission robots
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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