Press release
Military Robots Market Set to Hit New Highs: Expected to Reach USD 52.16 billion by 2027
Military Robots Market
The global military robots market is projected to be worth USD 52.16 Million by 2027, according to a current analysis by Emergen Research. The military robots market observes rapid growth attributed to its increasing demand in intelligence, surveillance, and reconnaissance (ISR) in the military & defense sector. The number of war field casualties’ may be considerably reduced by deploying surveillance and reconnaissance robots to fetch the area layout and associated hostile elements.
The report clearly defines the Military Robots market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Military Robots industry.
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An increased defense budget is a significant factor in fueling the market growth. The overall military expenditure, in 2019, has risen to about USD 11.92 trillion, a change of 3.6% from 2018, and the highest annual spending increase since 2010. In the US, in 2019, military spending rose by 5.3% to an overall USD 732.00 billion, which is equivalent to 38.0% of worldwide military spending. The US Department of Defense (DoDs) appropriated USD 6.00 billion for ISR operation.
Competitor Analysis:
Furthermore, the report also assesses the market based on market reach and consumer base in the key geographical regions of the world. The report also provides an extensive analysis of the key players with regards to their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario. The key players profiled in the report are Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Cobham PLC, BAE Systems, Qinetiq, General Dynamics Corporation, Northrop Grumman Corporation, and Israel Aerospace Industries Ltd., among others.
The research study presents an industry-wide summary of the Military Robots market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
Key regions covered in the report:
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
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Segmental Analysis:
The report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Platform Outlook (Revenue, USD Billion; 2017-2027)
Land
Wheeled
Legged
Tracked
Wearable
Airborne
Unmanned Aerial Vehicle (UAV)
Unmanned Combat Aerial Vehicle (UCAV)
Naval
Unmanned Surface Vehicles (USVs)
Autonomous Underwater Vehicles (AUVs)
Remotely Operated Underwater Vehicles (ROVs)
Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
Human-Controlled
Autonomous
Application Outlook (Revenue, USD Billion; 2017-2027)
Intelligence, Surveillance, and Reconnaissance (ISR)
Combat Support
Search and Rescue
Transportation
Explosive Ordnance Disposal (EOD)
Mine Clearance
Firefighting
Others
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Global Sensor Fusion Market Report – Table of Contents:
Report Overview
1 Research Scope
2 Key Sensor Fusion market segments
3 Target players
4 Market analysis by type
5 Market analysis by application
6 Key learning objectives
7 Report timeline
Global Growth Trends
1 Global Sensor Fusion market size
2 Latest trends of the Sensor Fusion market by region
3 Key corporate trends
Global Sensor Fusion Market share by key players
1 Global Sensor Fusion Market size by manufacturers
2 Global Sensor Fusion Market key players
3 Products/solutions/services of major players
4 New entrants in the Sensor Fusion market
5 Mergers, acquisitions, joint ventures, and expansion plans
Global Sensor Fusion Market by product type
1 Global Sensor Fusion Sales by Product
2 Global Sensor Fusion by Product Revenue
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