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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
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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: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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