1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
Technavio Logo

Ongoing Global Conflicts Facilitating Growth in Global Military Robot Market

Major vendors like China's Chengdu Aircraft Corp. are expanding their UAV to produce new unmanned combat vehicles.

 
PRLog - Apr. 21, 2014 - LONDON, U.K. -- 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 (http://www.technavio.com/report/global-military-robots-ma...) please send an e-mail to media@TechNavio.com.

About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.

Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.

Follow us on Twitter @TechNavio
Like us on Facebook
Follow us on LinkedIn
Connect with us on Google+


Contact
TechNavio Media Relations
***@technavio.com

--- End ---

Click to Share

Contact Email:
***@technavio.com Email Verified
Source:TechNavio
City/Town:London - London - United Kingdom
Industry:Engineering, Technology
Tags:military robots, uav, Military Tech
Shortcut:prlog.org/12312589
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share