The global Military Robots market is quite competitive and comprise various key players operating at regional and global level, according to a recent report published by Reports and Data (RND).
The global Military Robots Market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over forecast period. Key factors providing impetus to market revenue growth are increasing use of robots in areas prone to CBRN attacks, increasing use of robots for mine countermeasures, and increasing use of unmanned aerial vehicles (UAVs) in life-threatening tasks.
Rising risks of data leakage and data security, high adoption of cloud based services and Internet of Things (IoT) and rising demand for wireless networks and ICT applications across agriculture, healthcare, and FSBI sectors are fuelling global market revenue growth. In addition, increasing investments in research and development activities and rising focus on developing advanced products are other factors supporting global market revenue growth.
Key Player- BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Rheinmetall AG, SAAB AB and Thales Group are some of the top players operating in the global market.
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Based on application type, the application 1 is expected to account for robust revenue growth over the forecast period owing to increasing number of threats and cybersecurity in healthcare sector and rising application of ICT.
Geographically, the global Military Robots market in North America is expected to account for largest revenue share over the forecast period. Factors such as increasing investments in research and development activities, rising adoption of smart devices, laptops, presence of dominant market players, rising risks of data leakage and security, high adoption of cloud services are key factors fueling growth of Military Robots market in North America.
Military Robots Market Segmentation:
Application Outlook (Revenue, USD Billion; 2018-2028)
- Combat Support
- Intelligence
- Surveillance and Reconnaissance (ISR)
- Mine Clearance
- Explosive Ordnance Disposal (EOD)
- Others
Mode of Operation Outlook (Revenue, USD Billion; 2018-2028)
- Human Operated
- Autonomous
Platform Outlook (Revenue, USD Billion; 2018-2028)
- Airborne Robots
- Land Robots
- Marine Robots
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Regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key questions addressed in the Report:
- Which key factors are expected to hamper global market growth during the forecast period?
- Which application segment revenue is expected to expand at a rapid CAGR between 2021 and 2028?
- Which regional segment is expected to account for largest revenue share over the forecast period?
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