Published on : Apr 25, 2016
ALBANY, New York, April 25, 2016: The report on the global military robots market examines the present state of the market and analyzes how this industry will display growth in the coming years as countries develop advanced defense capabilities for warfare. The report looks into vital market indicators such as market drivers, challenges, and opportunities that will ascertain the growth of this industry until the end of the forecast period. It presents the growth analytics of the said industry across the Americas, EMEA, and APAC for the 2016-2020 period.
For reading comprehensibility, the report is prepared in a chapter-wise layout interspersed with an array of pictorial representations. This depicts a comparison analysis of how technology is expeditiously infiltrating the defense field, rising from its meager utilization in the past.
Military robots are remote-controlled devices that are designed for military operations. Whilst military robots are currently in use, many models are in the developmental stage and are expected to be put to use in the coming years, says the report. Military robots offer several advantages; the most notable is their capability to carry out hazardous tasks, which in turn helps avoid casualties. Presently, 87 countries around the world have deployed military robots on the battleground. As the technology advances further, it is expected that military robots will display virtues of increased reliability and efficiency.
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According to the report’s findings, the global military robots market will rise at a CAGR of 9.36% in the 2016-2020 period. The report states several reasons for the growth of the market during the forecast period. The rising demand for drones for boosting defense capabilities is primarily driving the military robots market. The addition of drone capabilities is mainly to keep a check on extremist and encroachment activities without expending valuable manpower, for which governments and defense departments are investing heavily on procuring and developing military robots. This has helped many nations compensate for downsizing of military forces.
However, factors such as the curtailment of the defense budgets of several countries are posing a challenge to the growth of this market. Governments across the world are cutting down on defense expenditures that do not add value to the defense capabilities of the country. As a result, replacing soldiers with humanoid robots is a marked trend that has been observed in this industry. The human-like appearance of military robots helps with camouflaging. It can also cause confusion among enemy lines, leading to transmission of false alarms about the presence of human soldiers.
In matters of competition, this report mentions top players that operate in the global military robots market with a detailed competitive profile included for each of them. These are Boston Dynamics, Lockheed Martin Corp., Thales Group, General Dynamics Corp., Northrop Grumman Corp. Other prominent vendors in this market are BAE Systems, Israel Aerospace Industries Ltd., Turkish Aerospace Industries, Elbit Systems, and Saab.
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