Published on : Jun 05, 2017
Albany, New York, June 05, 2017: The report reveals indispensable intelligence as to the vital factors bolstering and preventing the growth of the global market for military robotics, apart from an in-depth analysis of the competitive landscape. A number of useful analytic tools have been leveraged to offer precise market projections.
The escalating demand for drones witnessed worldwide is one of the central growth drivers of the global market for military robotics. Also known as unmanned systems, drones are compact-sized flying machines which are also more cost effective in comparison to their manned counterparts. Because they offer greater reliability, modernization, and higher security of digital communication, these systems are more apt at improving surveillance quality.
One of the current trends in the global military robotics market is the replacement of military personnel with humanoid and other robots. The deployment of military robots significantly brings down the frequency of human casualties, apart from garnering superior information. The overall operational costs of various military operations can be reduced via the use of military robots. Military robots also feature high attack capability, simultaneously boosting the productivity of the defense sector.
The global market for military robots can be segmented on the basis of application, platform, and payload. By payload, the market for military robots can be segmented into radars, weapons, sensors, video screens, and cameras. In terms of application, the global military robotics market can be segmented into metal detector robotic vehicles, firefighting, pick and place, voice-controlled robotic vehicles, and battlefield.
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By geography, the global market for military robotics can be segmented into Asia Pacific, North America, the Middle East and Africa, Latin America, and Europe. Several countries including India, Japan, China, Singapore, Australia, and South Korea have been spending vast amounts of capital on military enforcements in general and on military robots in particular. As the GDP of developing economies is expanding rapidly, their defense expenditures are also expected to swell, aiding the expansion of the military robotics market in the region.
North America and Europe are also posed for healthy growth over the forecast period. Canada and France are likely to represent a substantial portion of the global market for military robotics. Military robots are being designed in an astonishing range of sizes and shapes. For instance, the Netherlands-based Delft University of Technology created a dragon-fly shaped drone that does not weigh more than a gold wedding ring. DelFly is a surveillance drone that incorporates a high quality camera.
The leading market players’ key collaborations and contracts have been discussed under the chapter on competitive landscape. Some of the prominent players transacting in the global market for military robotics are AeroVironment Inc., General Dynamics, Lockheed Martin, iRobot, Northrop Grumman, and BAE Systems.
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