Global Defense Robotics Market to Witness Significant Revenue Growth Through 2021
Most of the countries utilize the defense robotic system or are in the process of acquiring or building the technology to incorporate into military programs. These robots are used in form of unmanned aerial vehicles (UAVs), unmanned group vehicles (UGVs) and unmanned underwater vehicles (UUVs). Unmanned group vehicles are robots that move on wheels or tracks and perform the function of sentry duties and examine the potential hostile location. Unmanned aerial vehicles are essentially remotely controlled or automated robots. The use of all these robotic system includes same purpose of replacing or supplementing human in battlefield situations. Deployment of autonomous or semi autonomous robotic system in the battle field helps in improving the military efficiency, operational performance and accuracy.
Defense robotics has many advantages, the important one being performance similar to human being without danger of human casualties. Robots can endure damage done by bombs or other types of weapons that can destroy the human body. Another advantage includes various sizes of robots which enables them to fit into spaces that are not accessible for humans. Other advantages include transportation, drones and bomb disposal. The defense robotic system market across the globe is expected to show a substantial growth with a single digit increase in CAGR by the year 2019. The growth is due to the procurement of robotic vehicles for control, communication, simulation, training and other applications for military purposes.
The market for defense robotics system is driven by factors such as desire to reduce the casualties in the field of operation and reduce the military spending. Development in the field of computer programming, sensing technology and material science help to create more advanced tools. Some of the factors restraining the market growth include reduced spending on defense system due to weak economic conditions, and high cost required in manufacturing of robots. Technological availability is enabling diverse applications of robots besides improving the effectiveness and efficiency of the system. Applications such as border patrolling are creating an increasing demand for UAVs and UGVs in countries such as Israel, South Korea, China and United States.
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The segmentation of defense robotics market can be done on the basis of product type, application and geography. On the basis of product type, the market for defense robotics can be segmented as unmanned group vehicles (UGVs), unmanned underwater vehicle (UUVs) and unmanned aerial vehicles (UAVs). On the basis of applications, the market can be segmented as simulation, control command and security, training and others. Global defense robotics market can also be segmented based on geographical markets as North America, Europe, Asia Pacific and Rest of the world. North America is the most technological advanced region in defense robotic system and Asia Pacific represents a strong opportunity due to the availability of technology in countries including China, Japan and India.
Some of the players in the defense robotics market include iRobot Corp., Allen-Vanguard Corporation, Honeywell Aerospace, GeckoSystems Intl. Corp., Honda Motor Co. Ltd., Bluefin Robotic Corp., AB Electrolux, Deep Ocean Engineering Inc., ECA Hytec SA, McArtney Group, Fujitsu Ltd., Toyota Motor Corp., AeroVironment, Lockheed Martin and others.
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