Military Robots Market is estimated to reach USD 21.11 Billion by 2020, at a CAGR of 9.27% from 2015 to 2020. “New product launches and long term contracts are among the key strategies adopted by leading market players to catalyze their growth in the global military robots market� In 2014, the global military robotsmarket was dominated by Lockheed Martin (U.S.), Northrop Grumman (U.S.), AeroVironment (U.S.), and Boston Dynamics (U.S.), among others.Lockheed Martin (U.S.) and Northrop Grumman (U.S.) are expected to continue their dominance till 2020. Northrop Grumman (U.S.) operates through four segments,
namely,Aerospace Systems,
Electronic
Systems,
Information Systems, and Technical Services. The company produces and supplies military robotsand accessories across the globe, through its aerospace systems segment. By the fiscal year end 2015, approximately USD 19.30 billion is expected to be converted into sales.
Long-term contracts and new product launches are among the most important strategies adopted by the leading market players to strengthen and sustain their positions in the global military robots market. In September2015, U.S. Navy bomb-disposal experts signed a contract of nearly USD 0.5 million with Northrop Grumman Corp. (U.S.) to build open-systems man-packable ground robots to help infantry units and neutralize improvised explosive devices (IEDs) and other roadside bombs. Report Details @http://www.marketsandmarkets.com/Market-Reports/militaryrobots-market-245516013.html Lockheed Martin (U.S.)and AeroVironment (U.S.) are also among the major players of the given market. The U.S. is the most important market for AeroVironment, whereas the operations of Lockheed Martin are evenly spread across the globe. In January 2014, Lockheed Martin Corporation (Bethesda) and data storage equipment maker EMC Corp planned to jointly invest in advanced technology projects at a tech park in Southern Israel. The companies intend to jointly develop partnerships with the Israeli industry, government, and academic institutions in the city of Beersheba to explore research and development projects in cloud computing, data analytics, and cyber technologies. Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=245516013 However, these companies have marginal contributions to the overall global military robots market, as compared to Northrop Grumman (U.S.). They are focusing on strategies such as contracts and agreements to strengthen their competitive positions in the global military robots market, with special focus on the emerging markets of the world.AeroVironment and its developmental activities play a major role in shaping the dynamics of the military robots market.
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