The "Defense Robotics: Global Markets to 2023" report has been added to ResearchAndMarkets.com's offering.
This research report categorizes the defense robotics market by type. Product types include unmanned aerial vehicles, unmanned ground-based vehicles, unmanned underwater vehicles and demining robots.
The defense robotics market growth outlook is stable with significant growth potential for unmanned aerial vehicles. There is mounting pressure from military organizations globally, to reduce costs, improve features, efficiency and operability of unmanned systems. At the same time, increasing investment in modernization in emerging markets is contributing to the growth of the market.
The market for defense robotics is moderately concentrated. Major players in the market are Textron Inc, Northrop Grumman Corporation, Lockheed Martin Corporation, The Boeing Company and BAE Systems Plc.
The unmanned aerial vehicles segment accounted for the largest share of the defense robotics market in 2018. The highest growth is projected to come from the unmanned aerial vehicles segment. Major factors for this growth include rise in terrorism and political instability in the Middle East region.
North America was the largest region in the defense robotics market. It was followed by Western Europe and Asia Pacific. Going forward, North America is expected to witness the fastest growth in the defense robotics market, followed by Asia Pacific.
The USA was the largest country in terms of value in the defense robotics market. China and the USA are forecast to have the fastest growth.
The market is challenged by restraints such as high costs, cyber wars, corruption and increasing trade protectionism.