At 12+% CAGR Military Robots Market Potentially Worth $30.83 Billion by 2022 Led by North America

At 12+% CAGR Military Robots Market Potentially Worth $30.83 Billion by 2022 Led by North America

The military robots market is forecast to reach $30.83 billion by 2022 from $16.79 billion in 2017 at a CAGR of 12.92% during (2017-2022) driven by the rising number of terrorist activities, increasing need of systems that can conduct remote operations for a longer time and technological developments in unmanned systems globally.

PR Newswire

PUNE, India, Sept. 10, 2017 /PRNewswire-iReach/ -- North America is expected to lead the military robots market; the Europe military robots market is projected to grow at the highest rate. In North America, the US is considered to be the largest market for military robots, owing to technological advancements and rising incidences of armed conflicts or war against terrorism. The US is one of the main manufacturers and end users of military robots across the globe, due to the threats received by the country and its participation in the war against terrorism in Syria, Iraq, and Afghanistan.  Browse 110 Market Data Tables and 57 Figures spread through 186 Pages and in-depth TOC on "Military Robots Market Global Forecast to 2022"  http://www.reportsnreports.com/reports/1176384-military-robots-market-by-platform-land-marine-airborne-application-isr-search-and-rescue-combat-support-transportation-eod-mine-clearance-firefighting-mode-of-operation-human-operated-autonomous-a-st-to-2022.html .

The North America region is expected to lead the military robots market in 2017. The Europe military robots market is expected to grow at the highest CAGR during the forecast period. The acceptance of military robots provides enhanced assistance to the troops and helps them in various military applications. The report provides detailed insights on upcoming technologies, research and development activities, and new product launches in the military robots market.

The rising need for unmanned military systems and modernization programs in various countries are the major factors driving the military robots market globally. The military robots market has been segmented and analyzed on the basis of mode of operation into human operated and autonomous.

The mine clearance application segment military is expected to lead the military robots market during the forecast period. The mine clearance application segment is expected to witness the highest growth during the forecast period. This growth can be attributed to the increasing casualties of troops during wars and modernization programs of various countries. Key applications considered for market study are Intelligence, Surveillance, and Reconnaissance (ISR), search and rescue, combat support, transportation, EOD, mine clearance, firefighting, and others.

The major companies profiled in the report include Kongsberg Gruppen (Norway), Lockheed Marin Corporation (US), Saab AB (Sweden), Elbit System Ltd. (Israel), Northrup Grumman Corporation (US), Boeing (US), QinetiQ (UK), Thales Group (France), etc.  Request Sample Copy of "Military Robots Market by Platform (Land, Marine, Airborne), Application (ISR, Search and Rescue, Combat Support, Transportation, EOD, Mine Clearance, Firefighting), Mode of Operation (Human Operated, Autonomous), and Region - Global Forecast to 2022" research report at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=1176384 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%), and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level Executives (45%), Director Level (25%), and Others (30%) from various key organizations operating in the Military Robots Market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), Asia-Pacific (40%) and RoW (30%).

This research report has focused on various levels of analysis—industry analysis (industry trends and focus), market-share analysis of top players, vendor dive analysis of top 25 players, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the military robots market, high-growth regions and countries, and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.

Another research titled Collaborative Robots Market Global Forecast to 2023 says, the collaborative robots market is expected to grow at a CAGR of 56.94% between 2017 and 2023, to be worth $4.28 billion by 2023. Co-bots with up to 5 kg payload capacity held largest share of market in 2016. Automotive, electronics, and metals and machining industries to hold large share of market. APAC to hold major share of collaborative robots market between 2017 and 2023. Companies such as ABB (Switzerland), KUKA AG (Germany), FANUC Corporation (Japan), Robert Bosch GmbH (Germany), Universal Robots A/S (Denmark), Rethink Robotics (US), MRK-Systeme GmbH (Germany), Precise Automation, Inc. (US), Energid Technologies Corporation (US), F&P Robotics AG (Switzerland), MABI AG (Switzerland), Techman Robot for Quanta Storage Inc. (Taiwan), Franka Emika GmbH (Germany), AUBO Robotics Inc. (US), YASKAWA Electric Corporation (Japan), Comau S.p.A (Italy), KAWADA Robotics Corp. (Japan) have been profiled in this 214 pages research report available at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=650005 .

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