The military robots market is projected to grow from USD 16.79 Billion in 2017 to USD 30.83 Billion by 2022, at a CAGR of 12.92% during the forecast period. This report covers the forecast of the military robots market and its dynamics over the next five years, while also recognizing market application gaps, recent developments in the market, and high potential countries.
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Key players operating in the global military robots market have been identified as Lockheed Marin Corporation (US), QinetiQ (UK), Boeing (US) Saab AB (Sweden), Elbit System Ltd. (Israel), Northrup Grumman Corporation (US), Kongsberg Gruppen (Norway), Thales Group (France),.
Contract is among the major growth strategies adopted by the top players to strengthen their positions in the military robots market.
Military Robots Market, By Application
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Search and Rescue
- Combat Support
- Mine Clearance
The military robots market has been analyzed primarily on the basis of platform (land robots, marine robots, airborne robots), application (ISR, search and rescue, combat support, transportation, EOD, mine clearance, firefighting, others), and mode of operation (human operated, autonomous) through the period of 2017 to 2022, considering 2016 as the base year.
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Military robots market size estimations for various segments and subsegments of this market were arrived at through extensive secondary research that include government sources such as the US Department of Defense (DoD), the US Army website, company website, corporate filings such as annual reports, investor presentations, and financial statements, and trade, business, professional associations,. Corroboration with primaries and further market triangulation was carried out with the help of statistical techniques using econometric tools.
Breakup of profile of primary participants for the military robots market”
- By Company Type - Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
- By Designation – C level – 45%, Director level – 25%, Others – 30%
- By Region – North America - 10%, Europe – 20%, APAC – 40%, RoW – 30%
Military robots market research report has focused on various levels of analysis—industry analysis (industry trends and focus), market-share analysis of top players, vendor dive analysis of top 25 players, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the military robots market, high-growth regions and countries, and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
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North America region is expected to lead the military robots market in 2017.The Europe military robots market is expected to grow at the highest CAGR during the forecast period. In North America, the US is considered to be the largest market for military robots, owing to technological advancements and rising incidences of armed conflicts or war against terrorism.
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