Published Date : Aug 08, 2016
ALBANY, NY, Aug 08, 2016: MarketResearchReports.biz has recently announced the addition of a new market intelligence report to its comprehensive collection of research studies. The 649-page research study, titled “Law Enforcement Robots: Market Shares, Market Strategies, and Market Forecasts, 2016 To 2022,” provides a detailed reports of the market, emphasizing on the key drivers and barriers. Furthermore, the research study analyzes the potential opportunities in the global market for law enforcement robots and helps existing and new players in formulating business strategies by giving insightful inputs and recommendations.
According to the research study, in 2015, the global market for law enforcement robots was worth US$1 bn and is estimated to reach a value of US$5.7 bn by the end of 2022. The increasing number of terrorist activities across the globe is one of the key factors boosting the demand for law enforcement robots at present. Law enforcement robots are anticipated to help police organizations enhance their performance.
Furthermore, the emergence of an economy of scale and technological advancements have led to a decline in the cost of these robots, thus fuelling the growth of the market. As per the study, the key players who have attained a substantial share in the market in the initial stage of the evolution of the market are expected to have a strong presence in the near future. Law enforcement robots also help in dealing with emergency situations, including hostage situations, natural disasters, and terrorist attacks. The cameras fixed in the robots also help in collecting data.
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The research study further takes the help of numerous analytical tools to identify the factors that are expected to influence the overall market positively as well as negatively in the next few years. The historical data and projected statistics of the market are estimated to help the decision-makers in making appropriate decisions in the next few years. This will also help the players strengthen their position in the coming years and gain a competitive advantage in the market. Moreover, the key manufacturers in the global law enforcement robots market are making efforts to design innovative robots, taking the need of the consumers into consideration. This is expected to boost the growth of the market in the coming few years.
Furthermore, the research report offers a vendor reports of the global law enforcement robots market and throws light on the key strategies adopted by the leading vendors in order to sustain the market. Some of the prominent vendors operating in the law enforcement robots market across the globe are Transcend Robotics, QinetiQ, TechnoRobot, Mesa Robotics, Power Hawk Technologies, Kongsberg, Endeavor Robotics, Pedsco, General Dynamics, DJI, Robotex, Robosoft, ReconRobotics, Lockheed Martin, Lithos Robotics, Northrop Grumman, Kawada Industries, GoPro, and CoroWare.
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