PUBLISHER: The Business Research Company | PRODUCT CODE: 1274594
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274594
“Micro Tactical Ground Robot Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on micro tactical ground robot market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for micro tactical ground robot? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The micro tactical ground robot market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the micro tactical ground robot market are The Boeing Company, Clearpath Robotics Inc., iRobot Corporation, Northrop Grumman Corporation, Perrone Robotics Inc., QinetiQ Group Plc., ReconRobotics Inc., Robo-Team Ltd., Robotnik Automation S.L.L., Thales SA, BAE Systems Plc., Elbit Systems Ltd., Cobham Ltd., Endeavor Robotics Inc., and General Dynamics Corporation.
The global micro tactical ground robot market is expected to grow from $3.91 billion in 2022 to $4.46 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The micro tactical ground robot market is expected to reach $7.37 billion in 2027 at a CAGR of 13.3%.
The micro tactical ground robot market consists of revenues earned by entities by providing tactical services such as urban warfare, special operations, public safety missions, and other services that are used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The micro tactical ground robot market also includes sales of the chassis frames, power supply components, and situational awareness sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The micro tactical ground robot (MTGR) platform is a unique, lightweight all-terrain tactical robot with outstanding indoor and outdoor agility. It is designed primarily to aid military, law enforcement, and public safety agencies in a wide range of conflict situations.
North America was the largest region in the micro tactical ground robot market in 2022. The regions covered in micro tactical ground robot report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main modes of operation for micro tactical ground robots are tethered, tele-operated, semi-autonomous, and autonomous. Tethered refers to a wire (cable) that connects an object to enable quick data or power transfer. The platforms included are airborne, land-based, and naval, which are used for several applications, such as intelligence, surveillance, and reconnaissance; law enforcement, explosive ordinance disposal, chemical, biological, radiological, nuclear, and explosives (CBRNE) and hazardous material (HAZMAT), and others.
An increase in defense expenditure is expected to propel the growth of the micro tactical ground robot market going forward. The defence budget is the amount of the federal budget devoted to defence, which pays for personnel, training, and medical expenses, in addition to the maintenance and acquisition of weapons and equipment. The increased defense spending can lead to increased investment in military technology, such as micro tactical ground robots, which can lead to increased demand for such robots. For instance, in April 2022, according to a report published by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, global military spending surpasses $2 trillion. Total global military spending increased by 0.7% in real terms in 2021, reaching $2113 billion. In 2021, spending will rise for the seventh consecutive year. Russia upped its military budget by 2.9% to $65.9 billion in 2021 as it strengthened its forces along the Ukrainian border. China is expected to spend $293 billion on its military forces in 2021, a 4.7% increase over the previous year. Therefore, an increase in defense expenditure is driving the growth of the micro tactical ground robot market.
Product innovations are a key trend for gaining popularity in the micro tactical ground robot market. Major companies operating in the micro tactical ground robot market are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, Elbit Systems Ltd., an Israel-based defense electronics firm involved in a wide range of defense, homeland security, and commercial programs, introduced COPAS-L, a new electro-optical (EO) payload for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR). The new product has compact dimensions and weighs just 40 kg, and it enables light platforms with AFV-level ISTAR capabilities and cameras with infrared lasers, such as light tactical vehicles, UGVs, and surface boats. This device is unique by its artificial intelligence video analytics, which enable Automatic Target Recognition and Classification, Video Motion Detection, and better image processing.
In May 2021, AeroVironment Inc., a US-based manufacturer of unmanned aircraft systems, acquired Telerob GmbH for $45.4 million. The acquisition represents a substantial increase to AeroVironment's portfolio of intelligent, multi-domain robotic systems, including tactical missile systems, unmanned ground vehicles, small and medium unmanned aircraft systems, and more. This deal brings together these companies' unmanned ground vehicles (UGV) and unmanned aircraft systems (UAS) to provide more comprehensive, integrated mission solutions in the air, near-space, ground, and maritime domains. Telerob GmbH is a Germany-based firm that designs, manufactures, and sells remote-controlled robots for use in security, emergency, military, industrial, and research applications.
The countries covered in the micro tactical ground robot market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The micro tactical ground robot market research report is one of a series of new reports from The Business Research Company that provides micro tactical ground robot market statistics, including micro tactical ground robot industry global market size, regional shares, competitors with a micro tactical ground robot market share, detailed micro tactical ground robot market segments, market trends and opportunities, and any further data you may need to thrive in the micro tactical ground robot industry. This micro tactical ground robot market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.