New York, NY, May 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Military Robotics Market by Type (Land, Marine, and Airborne), by Payload (Sensors, Cameras, LCD Screens, Weapons, Radar, and Others), by Application (Warfield Operations, Firing, Image Capturing and Surveillance, Metal/Mine Detections, Pick and Place, and Others), and by End-User (Armed Forces and Homeland Securities): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global military robotics market was approximately USD 17.34 billion in 2018 and is expected to generate around USD 53.93 billion by 2027, at a CAGR of around 13.5% between 2019 and 2027.
Robots are extremely used in hazardous environments to decrease the risk associated with human operators and engineering equipment. The advancements in the robotic systems are used to substitute humans to perform hazardous activities in extreme conditions. These factors are expected to drive the global military robotics market in the years ahead. The nature of warfare has been changing significantly over the last few years, and technology plays a major role in building the tactics of warfare. Military robots have been developed to handle a wide range of combat operations. Robots in the army can be used as a backup in the heavy artillery fires and decrease the number of fatalities. Military robots can map high-risk areas by identifying various threats in a precise manner. Armed forces across the world do not depend completely on human soldiers and are using small robots that can remain invisible to the enemy.
Browse through 95 Tables & 35 Figures spread over 138 Pages and in-depth TOC on “Global Military Robotics Market Size & Share 2018 Research: By Industry Type, Trends, Growth, Segments, Analysis and Forecast Report 2027”.
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Based on type, the global military robotics market includes land, marine, and airborne. Land robots accounted for a major share in 2018, due to the increasing demand for land robots, as they are extensively used by armed services for firefighting, EOD, battles, and conveyance to achieve economies of scale.
On the basis of payload, the market includes radar, cameras, sensors, weapons, LCD screens, and others. The sensors segment contributed the highest revenue share in 2018 and is expected to grow at the highest rate over the forecast timeframe. This growth can be attributed to the widespread use of sensors in various robots. Cameras are expected to grow significantly in the upcoming years, owing to the increasing demand for cameras to monitor various activities of robots.
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Based on application, the global military robotics market includes firing, pick and place, warfield operations, metal/mine detections, image capturing and surveillance, and others. Metal/mine detections held a major market share in 2018, due to the increasing casualties of troops during wars. Warfield operations are expected to grow substantially in the future, owing to the increasing demand for battlefield operations and border surveillance.
By end-user, the global military robotics market is bifurcated into armed forces and homeland securities. Armed forces held a major market share in 2018, due to the increasing demand for military robotics by armed forces to perform combat operations.
Browse the full “Military Robotics Market by Type (Land, Marine, and Airborne), by Payload (Sensors, Cameras, LCD Screens, Weapons, Radar, and Others), by Application (Warfield Operations, Firing, Image Capturing and Surveillance, Metal/Mine Detections, Pick and Place, and Others), and by End-User (Armed Forces and Homeland Securities): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027” Report at https://www.zionmarketresearch.com/report/military-robotics-market
North America held a major share of the global military robotics market in 2018, due to the rising number of technological advancements and increasing incidences of armed conflicts or war against terrorism. Furthermore, the presence of major manufacturers and end-users of military robots, due to the threat faced by the country and its participation in the war against terrorism in countries like Afghanistan, Syria, Iraq, etc., is also expected to drive the North American military robotics market in the upcoming years.
The European military robotics market is expected to grow at a significant rate over the forecast timeframe, owing to the growing research and development activities in the region for the development of advanced military robotic systems. Manufacturers in Europe are highly skilled with enormous knowledge of robotics and manufacturing robots with human interface. Furthermore, Europe has also formed various research organizations that provide education in robotics, which is also expected to drive the military robotics market growth in Europe in the future.
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Asia Pacific military robotics market is anticipated to show the highest CAGR over the forecast time period, owing to the increased spending in the defense sector by developing countries in the region. India and China are building a huge force of terrestrial robots along with investing heavily in new robotic technologies. For instance, India signed an agreement for 22 predators with the U.S. “Guardian” drones, which can aid them in the observation over the Indian Ocean.
The Latin American military robotics market is expected to grow significantly over the forecast time period, owing to the technological innovation and rising investments in the defense sector witnessed across the region.
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Some key players operating in the global military robotics market include BAE Systems, Israel Aerospace Industries, Northrop Grumman, Thales Group, Lockheed Martin, Boston Dynamics, General Dynamics, SAAB, Turkish Aerospace Industries, Endeavor Robotics, QinetiQ Group, and Roboteam.
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This report segments the global military robotics market into:
Global Military Robotics Market: Type Analysis
- Land
- Marine
- Airborne
Global Military Robotics Market: Payload Analysis
- Sensors
- Cameras
- LCD Screens
- Weapons
- Radar
- Others
Global Military Robotics Market: Application Analysis
- Warfield Operations
- Firing
- Image Capturing and Surveillance
- Metal/Mine detections
- Pick and Place
- Others
Global Military Robotics Market: End-User Analysis
- Armed Forces
- Homeland Securities
Global Military Robotics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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