The global Military Robots industry to grow at a CAGR of 11.75% during the period 2017-2021.
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The following companies as the key players in the global military robots market: Boston Dynamics, General Dynamics (GD) , Lockheed Martin, Northrop Grumman, and Thales Group. Other Prominent Vendors in the market are: BAE Systems, Elbit Systems, IAI, Saab, and Turkish Aerospace Industries.
Complete report on the Military Robots Market Research Report spread across 83 pages, profiling 10 companies with table of content is now available at www.reportsnreports.com/contacts/d…aspx?name=1134861 .
Military Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Development of multi-mission robots. Military robots are increasingly designed to carry out multiple missions.
Advances in technology and miniaturization of electronic components have made operational flexibility in robots a reality. Unlike humans, robots do not suffer physical and mental exhaustion.
They are designed for greater endurance from the impact of bombs and weapons.
According to the report, one of the major drivers for this market is Strengthening of border surveillance and patrolling. Armies are urged to invest in military robots as there is a huge need for ISR capabilities in disputed regions and borders.
To ensure adequate monitoring and protection along the borders, nations have increased their demand for sophisticated and high-end military robots. The rise in activities, such as cross-border infiltration of terrorists and smuggling of goods and arms, have urged armed forces to opt for automated and independent surveillance systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one of the major factors hindering the growth of this market is Increased skepticism toward automated weapons systems. All modern-day robots are not fully autonomous and require a considerable degree of human intervention to carry out tasks.
Robots primarily conduct missions, like surveillance, reconnaissance, and identification of potential threats, that are related to enemy troops, explosives, and weapons. Humans have been instructing robots to perform tasks that are associated with the use of weapons.
This report covers the present scenario and the growth prospects of the global military robots market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product..
The usage of robots has garnered significant importance in many industries. This is because they can be programmed to execute operations autonomously and with perfection.
Military is a domain that is characterized by difficult and life-risking operations. Military operations often involve challenges like remote and difficult-to-access terrains.
They require advanced monitoring, targeting, and intelligence gathering mechanisms. In such a scenario, the usage of robots is gaining popularity, and this trend is expected to prevail over the next couple of years.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry 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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