30 January 2021
Visiongain has published a new report on Defence Robotic Technologies Market Report 2021-2031: By Application (Search and Rescue, ISR, Combat Support, Mine Clearance, Firefighting, EOD, Transportation) By Type (Autonomous, Remote Controlled) By Platform Type (Airborne, Land, Marine) By Connectivity (Tethered, Wireless) and Leading Regional/ Country market analysis.
Global defense robotic technologies market is estimated to be valued at US$ xx billion in 2021 and is projected to grow at a CAGR of xx% to reach a market value of US$ xx billion by 2031. Defense robotic technologies market has been witnessing strong growth over the past few years on account of increasing focus in improving soldier situational awareness in the battlefield. Defense Robotic Technologies helps in improved situational awareness by communicating important information in the battlefield to soldiers and command center. Defense robotics also helps in transportation of weapons, food supplies, medical kits and ammunition to the soldiers without any human intervention. All these factors have triggered the demand for defense robotic technologies over the past few years and the trend is expected to continue over the forecast period. In addition, armed forces across the globe are increasingly using drones to improve ISR capabilities across air, land and sea, which is also one of the key factors to drive the market.
Robotic technologies also help in performing mission critical tasks and reduce soldier casualties. Defense forces across the globe are focusing on automation of non critical activities such as ISR, information gathering, threat detection, and food & medicines transportation, due to which the demand for autonomous robotic technologies has gain popularity over the past few years.
COVID-19 Impact on Defense Robotic Technologies Market
COVID-19 has affected the global economies negatively during the past few months and is expected to have significant impact on the defense sector in terms of budget allocation over the next few years. Imposition of lockdown to contain the spread of corona virus has affected many businesses across the globe resulting in economic instability. As a result, countries are expected to spend less on defense sector in coming years, in turn affecting the defense robotic technologies market negatively in the next two to three years. However, market is expected to regain its growth phase during the second half of the forecast period.
Some of the company’s profiled in this report include Lockheed Martin Corporation, Thales Group, BAE Systems, Qinetiq, General Dynamics Corporation, Endeavor Robotics, Saab AB, Israel Aerospace Industries, Elbit Systems LTD. and Cobham PLC.
• In November 2019, Defense Advanced Research Projects Agency (DARPA) has signed a contract with six different companies for the development of autonomous underwater robots for deep-sea exploration. Companies involved in this program include Northrop Grumman, L3Harris Technologies, Leidos, Kitware, Soartech, and EdgeTech. Under this program, DARPA aims to develop underwater robots which are capable finding ocean depths with the help of underwater sensing tools and space robotics.
• In November 2019, FLIR has secured a contract worth US$109 million for supplying Kobra robots to US Army. Under this contract, the company will supply Common Robotic System - Heavy (CRS-H), an unmanned ground vehicles to perform EOD missions.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Owing to availability of upgrade kits for conventional weapons, increase in investment in advanced missiles defence systems and interceptor missiles, and increase in demand for miniaturised precision guided weapons.
22 June 2021
The market for offshore oil and gas industry is expected to be driven by the increase in offshore drilling activities. This combined with high investment done in an effort to explore new reserves for oil and gas would drive the offshore oil and gas industry.
17 June 2021
The growth in asymmetric warfare has prompted government institutions to implement self-security and defensive tactics against terrorist or insurgent strikes.
17 June 2021
With advancements in technology awareness regarding usage of NextGen weapons and systems in modern warfare is increasing among armed forces of major countries.