Global Military Robot Industry was valued at USD 16 Billion in the year 2017. Global Military Robot Industry is further estimated to grow at a CAGR of 11.16% from 2018 to reach USD 41.26 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Europe Industry is considered as the fastest growing Industry in the forecasted period. At a country level China, Japan and India are projected to grow at a strongly in the coming years.
Global Military Robot Industry Share by 2025 (USD Billion)
The major players in Military Robot Industry are Kongsberg Gruppen (Norway), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), QinetiQ Group plc., Israel Aerospace Industries Ltd., Saab AB (Sweden), General Dynamics Corporation (U.S.), BAE Systems Inc. (U.K.), Endeavor Robotics (IRobot), Cobham plc. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Military Robot Industry
Support Provided By Robots in Battle Operations
Stringent Technology-Sharing Principles
Implementation in Robotic Technology
The major shares of the Industry come from Intelligence, Surveillance & Reconnaissance (ISR) in Global Military Robot Industry. On the other hand, autonomous type for this Industry is expected to grow at highest CAGR during the year 2018-2025.
Military Robot Industry Overview By Application
Intelligence, Surveillance & Reconnaissance (ISR)
Search & Rescue
Explosive Ordnance Disposal (EOD)
Metal Detector Vehicle
Consuming Habit and Preference
Military Robot Industry Overview By Payload
Military Robot Industry Overview By Platform
Military Robot Industry Overview By Operation
Military Robot Industry Overview By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa