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Military Robot Market By Platform (Land Robots, Marine Robots, Airborne Robots), By Operation(Human Operated, Autonomous), By Application(Intelligence, Surveillance & Reconnaissance (ISR), Warfield, Search & Rescue, Combat Support, Firefighting, Transport

08-14-2018 10:13 PM CET | IT, New Media & Software

Press release from: Genesis market insights

Military Robot Market

Military Robot Market

GLOBAL MILITARY ROBOT MARKET was valued at USD 16.01 Billion in the year 2017. Global Military Robot Market is further estimated to grow at a CAGR of 11.16% from 2018 to reach USD 33.4 Billion by the year 2023. North America region holds the highest market share in 2017 and Europe market is considered as the fastest growing market in the forecasted period. At a country level China, Japan and India are projected to grow at a strongly in the coming years.

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Kongsberg Gruppen (Norway), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), QinetiQ Group plc., Israel Aerospace Industries Ltd., Saab AB (Sweden), General Dynamics Corporation (U.S.), BAE Systems, Inc. (U.K.), Endeavor Robotics (IRobot), Cobham plc, are some of the key players in the Global Military Robot market. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

• Support Provided By Robots in Battle Operations

Restraints:

• Stringent Technology-Sharing Principles

Opportunities:

• Implementation in Robotic Technology

Challenges:

• Government Grants

The major shares of the market come from Intelligence, Surveillance & Reconnaissance (ISR) in Global Military Robot Market. On the other hand, autonomous type for this market is expected to grow at highest CAGR during the year 2018-2023.

Key Benefits for Stakeholders

• Military Robot Manufacturers, Distributors and Retailers
• Research and Consulting Organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies, policy actors, and consumers.

By Platform

• Land Robots
• Marine Robots
• Airborne Robots

By Operation

• Human Operated
• Autonomous

By Application

• Intelligence, Surveillance & Reconnaissance (ISR)
• Warfield
• Search & Rescue
• Combat Support
• Firefighting
• Transportation
• Mine Clearance
• Explosive Ordnance Disposal (EOD)
• Metal Detector Vehicle
• Consuming Habit and Preference
• Others

By Payload

• Sensors
• Radar
• Video Screen
• Cameras
• Weapon

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Kongsberg Gruppen (Norway)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• QinetiQ Group plc.
• Israel Aerospace Industries Ltd.
• Saab AB (Sweden)

(Another brief information of 13 companies will be provided in the report)

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About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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