The report, now available on ASDReports, recognizes the following companies as the key players in the Global Military Robots Market: Boston Dynamics, General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., and Thales Group.
Other Prominent Vendors in the market are: BAE Systems, Elbit Systems, Israel Aerospace Industries Ltd., Saab, and Turkish Aerospace Industries
Commenting on the report, an analyst said: “The replacement of soldiers or army troops with humanoid robots is the latest trend in the market. The presence of robots in the infantry reduces human casualties, gathers better intelligence, reduces operational costs (as compared to that of soldiers), improves attack capability, and offers effective surveillance.”
According to the report, one of the major driving factors of the market is growing demand for drones. The drones or unmanned systems are smaller in size and cost-effective, as compared to their manned counterparts. They provide secure, reliable, and modernized digital communication with the help of various systems that are equipped with them. These systems include engines, autopilots, navigation systems, sensors, and communication links.
Further, the report states that Increasing budget cuts and sequestration in the US military and the economic crisis in some of the major European countries have stalled the development of such military robots due to the anticipated high development costs, which is a major concern in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.