LONDON, April 27, 2016 /PRNewswire/ -- "Rising need for better cross border surveillance is a major factor for increasing procurement of military robots, globally"
The global military robots market is expected to grow from an estimated USD 13.55 billion in 2015 to USD 21.11 billion by 2020, at a CAGR of 9.27% from 2015 to 2020. The market for military robots is driven by critical factors, such as increasing demand for the effectiveness and efficiency of operations for automation, rising need for better cross border surveillance, and minimization of casualties.
"Firefighting application segment to witness higher growth during the forecast period"
The key applications considered for the market study are Warfield robots, firefighting robots, pick 'n' place robots, metal detector robotic vehicle and voice controlled robotic vehicle.
Firefighting robots market is estimated to grow at the highest CAGR during the forecast period, among all applications. They are increasingly being used to tackle fire situations, in order to avoid such casualties. Firefighting robots were first used by the U.S. Navy and were named Shipboard Autonomous Firefighting Robot (SAFFiR). These are human-sized autonomous robots, which can successfully find and suppress shipboard fires. They can detect fire, implement broad range of fire suppressing techniques, withstand higher temperatures for long periods, and respond to any movements of the enemy and can command simultaneously.
"North America dominates; Europe to grow at the highest rate"
The North American region dominates the global military robot market in 2014, and is expected to continue its dominance during the forecast period of 2015 to 2020. The U.S. is considered to be the largest developer, operator, and exporter of military robots, globally, thereby resulting in the large share of the North American region in the global military robots market. The main functions of these robots include ISR (Intelligence, Surveillance, & Reconnaissance), ensuring border security and minimizing the risks of terrorism on the domestic assets and population.
The market in Europe is projected to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the fact that nearly 26 nations in Europe currently have active UAV and robotic programs, including the U.K., Russia, and Germany, among others. With the rapid advancements and adoption of military technologies in the region, the military robot market in Europe is projected to grow significantly during the forecast period (2015 to 2020). Other key factors driving the growth of the European market are the increasing investments and development of advanced ground robots for transportation, surveillance, and combat applications.
"Break-up of profile of primary participants for the Military Robot Market"
• By Company Type - Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
• By Designation – C level – 60%, Director level – 25%, Others – 15%
• By Region – North America - 10%, Europe – 20%, APAC – 40%, RoW – 30%
The major companies profiled in the report include Northrop Grumman (U.S.), Lockheed Martin (U.S.), AeroVironment (U.S.), Israel Aerospace Industries (Israel), iRobot (U.S.), and Boston Dynamics (U.S.), among others.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the military robots market; high-growth regions and countries and their respective regulatory policies; government initiatives; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on military robots offered by the top 10 players in the global military robots market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the military robots market
• Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for military robots across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global military robots market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global military robots market
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