Military Robotics are the being majorly used for military and homeland security purpose, it has been designed for armed tasks like gunfire, airborne, and for underwater surveillance. These robots help military capable of image capturing, bomb disposal, gunfire, carry wounded military personnel, and detect mines among others.
MARKET SCOPE
The "Global Military Robotics Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Military Robotics market with detailed market segmentation by platform, application, end users, and geography. The global Military Robotics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Military Robotics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ? On the basis of platform, the market is segmented as airborne, naval, and land.? On the basis of application, the market is segmented as combat systems, ISR, Firefighting, Bomb/Mine Detection, and Others.? Based on end user, the market is segmented as military and homeland securities.
MARKET DYNAMICS
Drivers:
- ? Advancement of automation in the defense industry.? These robots can traverse through rough and hazardous environment, which is increasing the interest among the defense forces across the globe to incorporate robots in to their battalions.? increasing development in artificial intelligence
Restraints:
- ? High initial investments to procure rugged robots
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Military Robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Military Robotics market in these regions,
IMPACT OF COVID-19 ON MILITARY ROBOTICS MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the weapon industry through till mid-2021. However, the pandemic has proved that careful coordination is required between all defense agencies to ensure effective security measures. Moreover, demand for defense related products such as military robotics will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
MARKET PLAYERS
The report covers key developments in the Military Robotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Military Robotics market are anticipated to lucrative growth opportunities in the future with the rising demand for Military Robotics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Military Robotics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ? Boston Dynamics? Elbit Systems Ltd.? Lockheed Martin Corporation? Israel Aerospace Industries? Rheinmetall AG? Turkish Aerospace Industries? SAAB AB? Endeavor Robotics? Aerovironment, Inc.? Qinetiq North America