Le Lézard
Classified in: Mining industry, Science and technology, Covid-19 virus
Subject: MRR

Military Robots Market to grow by USD 8.19 Bn, Strengthening of border surveillance and patrolling to boost market growth - Technavio


NEW YORK, Sept. 30, 2022 /PRNewswire/ -- The Military Robots Market report has been added to Technavio's offering. The military robots market value is anticipated to grow by USD 8.19 billion, at a CAGR of 8.15% during the forecast period.

Market Driver

One of the major elements propelling the military robots market's expansion is the improvement of border patrol and surveillance. Vendors including Elbit Systems, BAE Systems, and Saab provide border patrol and surveillance equipment. As an illustration, Elbit Systems supplies the Border Monitoring System (BSS), which delivers real-time regional surveillance, early warning, and the management of mission-critical border-patrol tasks. Therefore, during the projection period, such advancements and the strengthening of border monitoring and patrolling systems will propel market expansion. Request Free Sample Report.

Market Trend

Another major military robotics market trend driving the industry's expansion is the development of multi-mission robots. More and more military robots are built to do numerous tasks. Robotics now have more operating flexibility thanks to technological developments and the shrinking of electronic components. Robots do not experience physical or mental weariness like humans do. They are built to withstand more, including the effects of bombs and weaponry.

As a result, modern robots are outfitted with ammunition and mission-specific modules to perform a range of tasks. Recent launches of new multi-mission robots in the military industry by a few of the key competitors in the market are under consideration. Therefore, during the projected time, the development of such robots will boost market expansion. Buy Sample Report.

Vendors Profiles

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, and growth in market share.

Some of the companies covered in this report are AeroVironment Inc., Applied Research Associates Inc., BAE Systems Plc, Bayonet Ocean Vehicles, Cobham Ltd., Ekso Bionics Holdings Inc., Elbit Systems Ltd., General Dynamics Corp., General Robotics Ltd., Israel Aerospace Industries Ltd, L3Harris Technologies Inc., Lockheed Martin Corp., Milanion Ltd, M-Tecks Robotics, Northrop Grumman Corp., Saab AB, Teledyne Technologies Inc., and Thales Group, etc. Download Free Sample Report.

Market Segmentation
Related Reports

Waste Heat Recovery Market by End-user and Geography - Forecast and Analysis 2022-2026: The waste heat recovery market share is expected to increase by USD 24.30 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.54%.

Industrial Safety Integrated Components Market by End-user, Product and Geography - Forecast and Analysis 2022-2026: The industrial safety integrated components market share is expected to increase by USD 2.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.85%.

Military Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.15%

Market growth 2022-2026

$8.19 billion

Market structure

Fragmented

YoY growth (%)

7.86

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key consumer countries

US, China, India, Russia, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AeroVironment Inc., Applied Research Associates Inc., BAE Systems Plc, Bayonet Ocean Vehicles, Cobham Ltd., Ekso Bionics Holdings Inc., Elbit Systems Ltd., General Dynamics Corp., General Robotics Ltd., Israel Aerospace Industries Ltd, L3Harris Technologies Inc., Lockheed Martin Corp., Milanion Ltd, M-Tecks Robotics, Northrop Grumman Corp., QinetiQ Ltd., Robo-Team Defense Ltd., Saab AB, Teledyne Technologies Inc., and Thales Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 08:00
Copper Lake Resources Ltd. ("Copper Lake" or the "Company") that it has signed a drilling contract with Forages Lamontagne Fortier Inc., based out of Évain, Quebec. The contract is for an initial 3,000-metre drilling program on the Deep IP Discovery...

at 08:00
Osisko Gold Royalties Ltd (OR:TSX & NYSE) (the "Corporation" or "Osisko") today announces that the Toronto Stock Exchange (the "TSX") has approved the Corporation's notice of intention to make a normal course issuer bid (the "NCIB Program"). Under...

at 08:00
The industrial valves and actuators market size is forecasted to increase by USD 17,005.57 million from 2022 to 2027, at a CAGR of 4.63%, according to the recent market study by Technavio. The growth of the market will be driven by the increasing...

at 08:00
Angel Gold Corp.  ("Angel Gold" or the "Company") announces that, subject to the approval of the TSX Venture Exchange, it intends to change its name to "Eon Lithium Corp." to better reflect the direction of the Company's business. A new CUSIP and...

at 08:00
Vizsla Copper Corp. ("Vizsla Copper" or the "Company") is pleased to announce that both Vizsla Copper and Consolidated Woodjam Copper Corp. ("WCC") have obtained final approval from the TSX Venture Exchange (the "TSXV") regarding the previously...

at 08:00
Novelis Inc., the leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, today announced it is honoring the world-class treatment and care provided to the children of its employees by Children's Healthcare...



News published on 30 september 2022 at 22:15 and distributed by: