Press release
At a CAGR of 9.36%, Global Military Robots Market is Expected to rise over 2016-2020 due to technological advancements and upgrades
Albany, NY, Feb 07, 2017: Military robots are autonomous or remote-controlled mobile machines designed for military applications. Some of them are currently in use and many are in their development phase. They have a number of advantages, the major one being their capability to perform hazardous tasks; thus, avoiding casualties. Globally, 87 countries have developed military robots and deployed them in battlefield. With technological advancements and upgrades, they would become more reliable and efficient. Growing extremist and encroachment activities have resulted in increasing investments by several governments and defense authorities to procure and develop military robots to compensate for the military downsizing.The global military robots market to grow at a CAGR of 9.36% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global military robots market for 2016-2020. It provides a comprehensive overview of the market along with market segmentation by platform (airborne, naval, and land-based) and growth prospects by region.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Military Robots Market 2016-2020, 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 Corp.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Thales Group
Other prominent vendors
- BAE Systems
- Elbit Systems
- Israel Aerospace Industries Ltd.
- Saab
- Turkish Aerospace Industries
Market driver
- Growing demand for drones
- For a full, detailed list, view our report
Market challenge
- Defense budget cuts
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 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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