Military Robots Market by Product and Geography - Forecast and Analysis 2021-2025
- Published: Jan 2021
- Pages: 120
- SKU: IRTNTR46607
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The military robots market size has the potential to grow by USD 6.55 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.06%.
This report provides a detailed analysis of the market by product (airborne military robots, naval military robots, and land-based military robots), geography (North America, APAC, Europe, MEA, and South America), and key vendors.
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- BAE Systems Plc
- Boston Dynamics Inc.
- Elbit Systems Ltd.
- General Dynamics Corp.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Saab AB
- Thales Group
- Turkish Aerospace Industries Inc.
The military robots market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the advances in the naval warfare domain to achieve growth opportunities. However, factors such as increased skepticism toward automated weapons systems will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the military robots market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This military robots market analysis report also provides detailed 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.
Military Robots Market: Key Drivers and Trends
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Military Robots Market: Segmentation by Geography
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44% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for military robots in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The growing demand for technologically advanced systems in military operations is one of the prime factors that will facilitate the military robots market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Military Robots Market: Segmentation by Product
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The airborne military robots segment comprises unmanned aerial vehicles that can function without a human on board. Defense agencies are increasingly focusing on the enhancement of their intelligence, surveillance, and reconnaissance (ISR) capabilities due to the ongoing territorial disputes between countries. This encourages them to tighten their security and surveillance capabilities by investing in the development and procurement of next-generation UAV platforms.
This report provides an accurate prediction of the contribution of all the segments to the growth of the military robots market size. Fetch actionable market insights on post COVID19 impact on each segment.
Military Robots Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive military robots market growth during the next five years
- Precise estimation of the military robots market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the military robots industry across North America, APAC, Europe, MEA, 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 robots market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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