Published Date : Apr 25, 2016
ALBANY, New York, April 25, 2016 - MarketResearchReports.biz has announced the addition of the “Global Military Robots Market 2016-2020” report to its offering. The detailed report contains data about the current state of the global military robots market. It studies the market opportunities and the potential challenges faced by the global military robots market. The report helps readers discover trends in the military robots market and identify the strategic consolidations shaping the industry. According to the report, the global military robots market is expected to expand at a 9.36% CAGR between 2016 and 2020.
The report offers an in-depth study of the economic indicators of the global military robots market. It analyzes the global aerospace and defense supply chain and the global aerospace and defense value chain, and segments the market on the basis of platform and geography. In terms of the former, it investigates the global land-based military robots market, the global naval military market, and also the global airborne military robots market.
Military robots are remote-controlled devices that are built especially for performing hazardous tasks that humans can’t perform. They thus help avoid casualties and save human lives. At present, around 87 countries have developed and deployed military robots in battlefields. Military robots are expected to become more efficient and reliable with technological advancements and consistent upgrades. The global military robots market is driven by the increase in extremism and encroachment activities. The government and defense sector is increasingly investing in military robots, thus boosting the global market for military robots. The increased adoption of military robots is one way of compensating with the dropping number of soldiers, which is observed in many regions due to defense budget cuts.
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The major factors boosting the military robots market are the amount of time they save and the reduced cost of operations. The use of military robots is aimed at mitigating the risk of human involvement. They are primarily used to perform tasks that involve high risk to human life. The rising demand for drones due to the convenience they provide is boosting the global military robots market. However, defense budget cuts may prove to be challenging for the global military robots market. Furthermore, the lack of trained professionals to manage and operate the robots may also curb the adoption of military robots.
The report contains information regarding the market’s size and growth rate from 2016 to 2020. It analyzes the strengths and weaknesses of the major vendors of military robots. The report profiles the leading players in the global military robots market to help provide the readers with useful information, enabling them to act smartly while investing in the military robots market. The key market players studied in the report include: Boston Dynamics, General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Thales Group, BAE Systems, Elbit Systems, Israel Aerospace Industries Ltd., Saab, and Turkish Aerospace Industries.
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