Military Robots Market to Account for USD 13.6 Billion By 2023

Market Highlights:

Military robots are machines that are controlled by remotes designed for military purposes. They have a number of advantages such as the capability to perform dangerous tasks. Military robots have become more reliable and efficient because of the advancements and upgrades in technology. They are also designed so as to carry out operations such as search & rescue and even for attacking the enemy. There has been an increase in the investment in military robots so as to strengthen their development and procurement.

Defense spending in R & D activities to maximize its scope of military robots operations has been on the rise recently, due to escalation in the level of political conflicts globally. Market Research Future, a firm which specializes in market reports related to the Aerospace sector among others, published in its recent report on Military Robots Market Research Report - Global Forecast to 2023 that the sector will account for USD 13.6 billion by 2023 with an encouraging 9.5 % CAGR rate.

Military robots market is expected to witness growth due to factors such as rising growth in efficient border investigation and common ISR functions. The rise in border investigation is aimed at making the military aware about any conflict. The global military robots market is expected to account for USD 13.6 billion by 2023 with 9.5 % CAGR.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3229

Military Robots Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

The key players in global military robots market are Lockheed Martin Corporation (U.S.), Northrop Grumman System Corp. (U.S.), General Dynamics Corporation (U.S.), BAE Systems, Inc. (U.K.), AeroVironment Inc. (U.S.), and iRobot (U.S.), Boston Dynamics (U.S.), Thales Group (France), Elbit Systems Ltd (Israel), and Turkish Aerospace Industries, Inc. (Turkey).

Military robots Market serve various extremely useful applications in the military sector. They are instrumental to reducing the loss of human life which has significantly added to their appeal. They are popularly used for bomb disposal and civilian rescue in war zones which has added to their demand. Developments in R & D are being implemented so as to make these robots more effective and able to perform a higher range of human tasks. Major consumers for this market are the military outfits of the governments around the world who are highly vested in the development of this sector. Robots like drones, are already in use by militaries around the world and the number of drones in active usage are quite high which is instrumental to their demand.

Latest Industry News:

Nov 2017 With part funding by the Defense Advanced Research Projects Agency, a team of researchers from the MIT Computer Science and Artificial Intelligence Laboratory, or CSAIL, along with scientists from Harvard University’s Wyss Institute, have created robot “muscles” that use hydraulics rather than electric motors. These muscles are strong – the researchers say their 2.6-gram robot muscle can lift a 3-kilogram object, and can shrink to 10 percent of their original size, all while using much less power than typical metal-and-circuit robots.

Dec 2017 PerceptIn, a leading full-stack visual intelligence company, announced recently the availability of Ironsides, the first full robotics vision system to combine both hardware and software for real-time tracking, mapping, and path planning for autonomous robots. As Ironsides is scalable – it can be integrated into almost any device for a broad range of functions, from household vacuum robots to autonomous vehicles that navigate roadways and factory floors and even to possible military applications.

Sep 2017 The US military has announced its investment worth $900 million (£665 million) on advanced materials and technologies to make microchip processors a reality. It anticipates that its efforts will enable the 50 years of growth in micro-processing power to continue over the coming century. This will allow for the creation of advanced AI systems, ranging from killing machines to cars, planes and other autonomous technology.

Get a Complete Report @ https://www.marketresearchfuture.com/reports/military-robots-market-3229

Competitive Analysis

With the entry of new industry players in the military robots segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com