-- The global military robots market is segmented into platform such as airborne land based and naval. Among these segments, airborne military robots segment is anticipated to achieve absolute $ opportunity of USD 499.2 Million from 2017-2024. Additionally, the growth of this segment to attribute to the growing spending by government to secure the borders of the country and rapid modernization into airborne military robots are believed to bolster the growth of military robot market over the forecast period. Airborne military robots segment is expected to grow at a CAGR of 8.6% over the forecast period. Moreover, global unmanned aircraft system (UAS) spending will almost double over the next few years. Further, Land-based military robots segment is expected to grow at a CAGR of 10.0% over the forecast period.
Global military robots market is anticipated to mask a notable CAGR of 9.0% during the forecast period i.e. 2017-2024. Moreover, the Global Military Robots Market is projected to account for noteworthy revenue of USD 2,571.8 Million by the end of 2024. Additionally, continuous enhancements and research & development in military robots are the major dynamic factor behind the expansion of military robots market.
In terms of regional platform, North America is anticipated to account for major market share from 2017-2024. Further, U.S military is spending a significant amount of money on autonomous planes. Growing adoption of tiny killer robots and other autonomous weapons are key factor which are fueling the growth of North America airborne military robots segment. Europe land based military robots market are anticipated to grow on the high spending on military in the European countries such as UK, France and Germany. Further, raising number of fatal terrorism activities in Europe is increasing counter terrorism operations in the Europe. Additionally, government of various nations is adopting advanced military defense and security equipment's such as military robots to increase the operational efficiency of the military.
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Growing Adoption of Innovative and Advanced Robotics
Innovation and technology is expected to be unleashed in upcoming years. The adoption of automation technologies and robotics in defense sector is rising to perform various tasks. Further, growing adoption of robotics and automation technology in defense applications is expected to drive the growth of global military robots market in future.
Rising Terrorism Activities
Terrorism activities around the world are a major threat to the governments of almost all countries. Further, governments are taking every possible initiative to strengthen their defense power to prevent unwanted damages due to terrorism activities. Governments are vastly adopting advanced technologies such as unmanned aerial vehicles, Nano robotics, artificial intelligence and other technologies to brace there defense power. In contrast, compatibility issues with most of OEMs military robots are a major concern in global military robots market.
The report titled “Military Robots Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global military robots market in terms of market by platform, by payload, by application, by region
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global military robots market which includes company profiling of General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Thales Group, AeroVironment, Clearpath Robotics, Boeing Energid Technologies, Recon Robotics, Boston Dynamics. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global military robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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