The defence robotics market has been forecast to increase from a valuation of $5.8 billion in 2010, to hit a market value of $7.5 billion by the year 2018.
Key factors influencing growth within the defence robotics market include rapid technological developments, imminent benefits on the warfront, increased Government spending, technological maturity, and enhanced cost-benefit ratio.
Robots are playing a major role in automating the modern battleground, reducing human deployment and thereby lowering casualties.
Advanced sensor technologies enable robots to spot threats more easily than humans, enhancing the capabilities of combatants and surveillance operatives in land, aerial and marine environments.
Between 50 and 80 countries either already utilise defence robotic systems, or are in the process of building or acquiring the technology to incorporate them into their military programs. These robots may take the form of unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and even unmanned underwater vehicles (UUVs), but they all have in common the purpose of taking the place of, or supplementing, humans in battlefield situations.
The US is the pioneer, and the most technologically advanced region within the defence robotics sector. The region represents the unchallenged market leader, capturing the largest slice of the world market. The Asia-Pacific market, buoyed by strong appetite for the technology from Japan, South Korea, China, and India, represents a strong contender and is anticipated to expand at a robust compound annual growth rate (CAGR) of over 8% through 2018.
For more information on the defence robotics market, see the latest research: Defence Robotics Market
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.