.jpg?format=webp)
The military ground robot market size has the potential to grow by USD 42.08 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. The report analyzes the market’s competitive landscape and offers information on several market vendors, including BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., QinetiQ Ltd., Saab AB, Safran SA, and Thales Group. Furthermore, this report provides a detailed analysis of the market by product (airborne military robots, naval military robots, and land-based military robots) and geography (APAC, Europe, MEA, North America, and South America).
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Military Ground Robot Market
Market Competitive Analysis
The military ground robot market is fragmented. Due to the vast amount of opportunities, vendors will try to gain market share by offering advanced products or expanding their business to new regions. BAE Systems Plc, Elbit Systems Ltd., and FLIR Systems Inc. are some of the major market participants. Although the incorporation of EO/IR systems with military robots will offer immense growth opportunities, the limitations of military robots will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this military ground robot market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this military ground robot market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- BAE Systems Plc
- Elbit Systems Ltd.
- FLIR Systems Inc.
- General Dynamics Corp.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- QinetiQ Ltd.
- Saab AB
- Safran SA
- Thales Group
Military Ground Robot Market: Segmentation by Geography
For more insights on the market share of various regions Request for a FREE sample now!
North America was the largest military ground robot market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The need for ensuring national security and achieving military dominance will significantly drive military ground robot market growth in this region over the forecast period.
64% of the market’s growth will originate from North America during the forecast period. The US is a key market for military ground robots in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
Military Ground Robot Market: Segmentation by Product
Request for a FREE sample and Get more information on the market contribution of various segments
Airborne military robot or unmanned aerial vehicle (UAV) is an aircraft without a human pilot on board. The market for UAVs is expected to grow globally due to the increasing demand for surveillance and combat operations. Furthermore, the rise in investment to enhance UAVs, especially from established vendors in developing economies, will also propel the market for airborne military robots.
However, market growth in this segment will be slower than the growth of the market in the naval military robots and land-based military robots segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the military ground robot market size.
Military Ground Robot Market: Key Drivers And Trends
The incorporation of EO/IR (Electro-Optical/Infra-Red) systems with military robots will be a significant factor driving the growth of the military ground robot market. The visible and infrared sensors in these systems provide military personnel with total situational awareness in both night and day and low light conditions. Various countries are investing in EO/IR systems because of the immense tactical advantages offered by these systems on the battlefield. This has encouraged several vendors to invest in R&D and focus on forming strategic alliances.
- The upgradation of capabilities to counter emerging threats will positively influence the growth of the market during the forecast period.
- The number of casualties due to terrorist attacks on surface transportation targets, such as military convoys has increased across the world.
- The enhanced technological know-how and skills of terror organizations have allowed them to carry out intricately planned and highly sophisticated terror attacks with advanced explosives.
- The demand for military robots has increased from several countries for upgrading their capabilities and countering emerging threats.
- During 2020-2024, the military ground robot market will grow at a CAGR of over 27%.
Request for a FREE sample now!
Military Ground Robot Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive military ground robot market growth during the next five years
- Precise estimation of the military ground robot market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the military ground robot industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of military ground robot market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch