Military Robots Market to Grow at 9.36% CAGR to 2020 Driven by Rising Demand for Drones adds Global Military Robots Market 2016-2020 latest research report, analysts forecast the global military robots market to grow at a CAGR of 9.36% during the period 2016-2020.

The replacement of soldiers or army troops with humanoid robots is the latest trend in the military robots market. The presence of robots in the infantry reduces human casualties, gathers better intelligence, reduces operational costs (as compared to that of soldiers), improves attack capability, and offers effective surveillance.

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One of the major driving factors of the military robots market is growing demand for drones. The drones or unmanned systems are smaller in size and cost-effective, as compared to their manned counterparts. They provide secure, reliable, and modernized digital communication with the help of various systems that are equipped with them. These systems include engines, autopilots, navigation systems, sensors, and communication links.

Segmentation by Platform and Analysis of the Military Robots Market – Airborne, Naval and Land-based

The airborne segment will dominate the global military robots market and will retain just over 40% of the market share by the end of the forecast period. Many of these robots are deployed to carry out intelligence, surveillance, and reconnaissance functions. UAVs are far better for aerial surveillance in remote areas and also maritime surveillance.

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Geographical Segmentation and Analysis of the Military Robots Market – Americas, APAC and EMEA

The Americas currently dominate the military robots market and will generate revenues of close to USD 9 billion by the end of the forecast period. During 2014, the US contributed nearly 34% towards the global military spending. In 2015, the US House of Representatives passed a defense budget of $585 billion, through the National Defense Authorization Act (NDAA), which is likely to account for 54% of the total federal discretionary spending. It allocates the US Navy with a budget of $158.8 billion, followed by the Air Force with $152.4 billion, and the US Army with $147.6 billion. Such high military spending is likely to drive the market in the Americas during the forecast period.

The global military robots market is very competitive due to the presence of some key vendors. Vendors compete for market shares based on factors like cost, quality, reliability, and after sales service. To be able to survive and thrive in such a competitive environment, vendors have to provide cost- effective products made from the latest materials and equipped with the newest technologies.

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Key players in the global military robots market: Boston Dynamics, General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., and Thales Group.

Other prominent vendors in the market are: BAE Systems, Elbit Systems, Israel Aerospace Industries Ltd., Saab, and Turkish Aerospace Industries

Further, the military robots market report states that Increasing budget cuts and sequestration in the US military and the economic crisis in some of the major European countries have stalled the development of such military robots due to the anticipated high development costs, which is a major concern in the market.

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