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Military robots market is rising rapidly due to Rise in trend of drones
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Robots in the infantry industry help to reduce human casualties, operational cost, improve capabilities of attack, and deliver efficient surveillance. Rise in trend of drones is expected to drive the growth of military robots exponentially. These drones are well equipped with sensors, navigation systems, and GPS which helps to deliver situation reports to troops, disarm bombs, and also help in rescue and search operations. Unprecedented growth in demand for arm enabled drones for use in land based and naval applications is predicted to drive the growth of military robotics market over the forecast period. Swift developments in technology have made it possible for global manufacturers to install and develop capabilities in UAVs so as to reduce the probability of collusion with aircrafts and other airborne vehicles. The U.S. Air Force has initiated and incorporated different kinds of sensors on UAVs such as electro-optical cameras and traffic collision avoidance systems. These UAVs help to transfer data without interruption of data streams to ground stations during operations. Rise in spending on advancements in technology is likely to fuel the development of shared airspace so that the drones can easily carry out their assigned tasks.
The military robots market has been bifurcated into platform and payload. By platform, the military robots market has been segregated into land, airborne, and naval. Airborne segment is expected to expand at a rapid pace owing to the rise in demand for UAVs across various industries. UAVs have been gaining popularity; as a result there has been heavy investment on UAVs from private agencies and governmental organizations. On the basis of payload, the military robots market has been segregated into radar, sensors, camera, laser, weapons, and video screen. By application, the military robots market has been segregated into firefighting robots, war field robots, metal detector robotic vehicle, voice control robotic vehicle, pick and place robots and others. Warfield robots segment is expected to dominate the military robots market by the end of the forecast period owing to the rise in need for battle field operations and border surveillance.
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In terms of geography, the military robots market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held majority of the market share of the military robots market in 2016 and is likely to retain its dominance over the forecast period. Significant investment on military spending is likely to drive the growth of this market in the near future. The U.S. held majority market share of the military robots market in North America due to massive investments on research and development in the defense sector. Europe is expected to be the most attractive market for military robots due to rise in trend of drones for various defense purposes. Countries such as the U.K., Germany, and France spend significantly for the development of their defense sector. Positioning of land based robots to combat and counter attacks from enemies is likely to drive the military robots market in this region. Growing prevalence of terrorism in Asia Pacific is likely to drive the growth potential for military robots in this region.
Key players in the military robots market are General Dynamics, Boston Dynamics, Thales Group, Lockheed Martin, Northrop Grumman, Elbit Systems, BAE Systems, Saab, Turkish Aerospace Industries, and Israel Aerospace Industries, among others.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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