The market is technology driven and, hence, the leading players heavily concentrate on technological advancements to expand their business. Over the coming years, their focus is expected to shift towards strategic partnerships in order to strengthen their positions in this market, states the report.
The global market for micro tactical ground robots is experiencing a significant rise in its valuation, thanks to the increasing usage of micro tactical ground robots in the defense and military sector. The rising trend of automation is also fueling the demand for micro tactical ground robots across the world.
The worldwide market for micro tactical ground robots is expected to witness a significant rise over the period from 2017 to 2025, growing at a CAGR of 17.30%. The opportunity in this market is likely to increase from a US$1.57 bn in 2016 to US$6.36 bn by the end of 2025.
Intelligence, surveillance, and reconnaissance services, law enforcement, explosive ordinance disposal, and chemical, biological, radiological, nuclear and explosives (CBRNE) and hazardous materials (HAZMAT) are the main application areas of micro tactical ground robots across the world. The demand for these robots has been higher in the explosive ordinance disposal segment.
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Among other application areas, the intelligence, surveillance and reconnaissance services segment is likely to report an increasing uptake of micro tactical ground robots in the near future among urban warfare units.
The Middle East and Africa, North America, Europe, Latin America, and Asia Pacific have emerged as the key regional markets for micro tactical ground robots. Among these, North America surfaced as the leading market in 2016 with a share of 45%, boosted by the heightened usage of these robots by the U.S. for warfare.
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Europe currently sits at the second position in the global micro tactical ground robots market and is anticipated to maintain it over the forthcoming years, on the grounds of the increasing usage of these robots to detect and diffuse a number of explosives. With U.K. ministry of defense being a major buyer of micro tactical ground robots, the market’s prospect in Europe is projected to enhance substantially in the years to come.
Roboteam, iRobot Corp., QinetiQ, Boeing Co., Thales S.A., Robotnik Automation, Northrop Grumman, Clearpath Robotics, ReconRobotics Inc., and Perrone Robotics are the key vendors of micro tactical ground robots across the world.
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