- Major vendors like China’s Chengdu Aircraft Corp. are expanding their UAV to produce new unmanned combat vehicles.
London, 21 April 2014: TechNavio, the independent tech-focused global research firm, pinpoints ongoing global conflicts are a major force driving growth in the Global Military Robot Market, which is posting a CAGR of 10.26 percent from 2013-2018.
Military robots are remote-controlled devices designed for use in the Defense sector, specifically for areas where climatic conditions are extreme or where the front line is unpredictable and hostile. They are used in gathering information, surveillance, and patrolling.
The Syrian civil war, the conflict in Lebanon, the India-Pakistan stalemate over Kashmir, the ongoing Israel-Palestine conflict, and the conflict between Russia and Ukraine over Crimea are all areas where tension across borders has led to an increase in the demand for military robots.
According to Faisal Ghaus, Vice President of TechNavio, these conflicts will have a significant impact on market growth over the forecast period.
“Internationally, the increased threat of terrorism, the emergence of countries with nuclear capabilities, and the conventional military threats have led to an increase in the demand for defense products and homeland security solutions,” says Ghaus.
As UAVs are used as force multipliers, to perform surveillance, gather intelligence, carry out reconnaissance missions, for target recognition and damage assessment, and to engage in electronic warfare, ongoing conflicts will necessitate the need for technology advancement in this area, which will in turn spur market growth.
In fact, the increase in demand for unmanned aerial vehicles (UAVs) has resulted in high pressure on manufacturers to update their technology or manufacture new UAVs. For instance, China’s Chengdu Aircraft Corp. has expanded its UAV production line to manufacture new unmanned combat aerial vehicles and new vertical takeoff UAVs. In October 2013, the company introduced its new twin-engine flying UAV, the VD200, which takes off vertically and lands on its vertical stabilizers.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Military Robot Market please send an e-mail to media@TechNavio.com
https://www.technavio.com/%3Cp%3EMedia%20Contact%3A%3C/p%3E%0A%0A%3Cp%3EJ…
