Micro Tactical Ground Robot Global Market Report 2023 By Type, Application, Regional Overview, Key Players,Trends By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Micro Tactical Ground Robot Global Market Report 2023 identifies increase in defense expenditure as the major driver for the Micro Tactical Ground Robot market's growth in the forecast period. The defense budget is the amount of the federal budget devoted to defense, which pays for personnel, training, and medical expenses, in addition to the maintenance and acquisition of weapons and equipment. The increased defense spending can lead to increased investment in military technology, such as micro tactical ground robots, which can lead to increased demand for such robots. For instance, in April 2022, according to a report published by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, global military spending surpasses $2 trillion. Total global military spending increased by 0.7% in real terms in 2021, reaching $2113 billion. In 2021, spending will rise for the seventh consecutive year.

The global micro tactical ground robot market size is expected to grow from $3.91 billion in 2022 to $4.46 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global micro tactical ground robot market size is expected to reach $7.37 billion in 2027 at a CAGR of 13.3%.

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Major competitors in the Micro Tactical Ground Robot market are The Boeing Company, Clearpath Robotics Inc., iRobot Corporation, Northrop Grumman Corporation, Perrone Robotics Inc., QinetiQ Group Plc.

A key trend in the Micro Tactical Ground Robot market includes Product innovations. Major companies operating in the micro tactical ground robot market are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, Elbit Systems Ltd., an Israel-based defense electronics firm involved in a wide range of defense, homeland security, and commercial programs, introduced COPAS-L, a new electro-optical (EO) payload for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR). The new product has compact dimensions and weighs just 40 kg, and it enables light platforms with AFV-level ISTAR capabilities and cameras with infrared lasers, such as light tactical vehicles, UGVs, and surface boats.

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The Micro Tactical Ground Robot market is segmented -
•By Mode of Operation: Tethered, Tele-operated, Semi-autonomous, Autonomous
•By Platform: Airborne, Land-Based, Naval
•By Application: Intelligence, surveillance, and reconnaissance, Law enforcement, Explosive ordinance disposal, Chemical, biological, radiological, nuclear and explosives (CBRNE) and hazardous material (HAZMAT), Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Micro Tactical Ground Robot market.

The Business Research Company's "Global Micro Tactical Ground Robot Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Micro Tactical Ground Robot Market Include:
1. Executive Summary
2. Micro Tactical Ground Robot Market Characteristics
3. Micro Tactical Ground Robot Market Trends And Strategies
4. Micro Tactical Ground Robot Market - Macro Economic Scenario
5. Micro Tactical Ground Robot Market Size And Growth
................
26. Africa Micro Tactical Ground Robot Market
27. Micro Tactical Ground Robot Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Micro Tactical Ground Robot Market
29. Micro Tactical Ground Robot Market Future Outlook and Potential Analysis
30. Appendix

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