Micro Tactical Ground Robot Market - Increased Defense Budget of Emerging Economies Driving Demand

A fresh business publication by Transparency Market Research (TMR) has detected that the shares in the micro tactical ground robot market is distributed among a small chunk of players. The report has identified Boeing Co., QinetiQ, Thales S.A., Northrop Grumman, Roboteam, and iRobot Corp. as the top six players in the global micro tactical ground robot market who collectively reserved 64% of the shares in 2016 and are expected to retain their leading position in the near future.

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The substantial chunk of spending on security measures by a number of developed countries is the primary driver of the global micro tactical ground robot market. That being said, several emerging economies have also incremented their defense budgets in order to cope up with the challenges of territorial disputes. There is a pressing need for consistent intelligence and enhanced measures of surveillance and reconnaissance for low enforcement.

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In addition to that, growing number of terrorism acts across the world has prompted many governments to spend on explosive ordinance disposal. Increasing activities of oil explorations and mining activities are also expected to provide traction to the market. Over the course of the forecast period of 2017 to 2025, the analysts of the TMR report have projected the demand in the global micro tactical ground robot market to increment at an impressive CAGR of 17.3%.

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