Military Robots Market size valued at USD 17 billion in 2020 and is estimated to grow at a CAGR of over 7% from 2021 to 2027.
Military robotics are primarily used for military and homeland security purposes and are designed for armed operations such as shooting, airborne and underwater surveillance. This robot assists the army with image capture, bomb disposal, shooting, transport of wounded soldiers and mine detection. The major driving force for the military robot market is the advancement of automation in the defense industry. What’s more, these robots can move across harsh and dangerous environments, increasing the interest of the world’s defense forces looking to integrate the robots into the battalion.
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Market Segments
By Mode of Operation
- Automated
- Human-operated
By Platform
- Aerial-based
- Naval-based
- Land-based
The major key players in the market include
Northrop Grumman Corporation, Lockheed Martin Corporation, Endeavor Robotics, Qinetiq, Cobham plc, Elbit Systems Ltd., Aerovironment, Inc., General Dynamics Corporation, Israel Aerospace Industries LTD., Thales Group, Aerovironment, Inc., Bae Systems among others.
Scope of the Report
The research study analyzes the global Military Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Military Robots Market Report
1. What was the Military Robots Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Military Robots Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Military Robots Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Military Robots market.
• The market share of the global Military Robots market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Military Robots market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Military Robots market.
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