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Reconnaissance Robots Market Size –USD 21.14 Billion in 2019, Market Growth - CAGR of 11.9%, Market Trends –Increased defense budget

VANCOUVER, BC, CANADA, April 13, 2022 /EINPresswire.com/ -- The Global Reconnaissance Robots Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing.

The Global Reconnaissance Robots Market is projected to be worth USD 52.16 Million by 2027, according to a current analysis by Emergen Research. The Reconnaissance Robots market observes rapid growth attributed to its increasing demand in intelligence, surveillance, and reconnaissance (ISR) in the military & defense sector. The number of war field casualties’ may be considerably reduced by deploying surveillance and reconnaissance robots to fetch the area layout and associated hostile elements. Robots possess the ability to endure harsh terrain, triangulate enemy sites, sense toxic atmospheres, remotely detonate & defuse bombs, and accomplish numerous other missions that may be perilous to humans. After 9/11, the ISR operations active in Iraq and Afghanistan emphasized counter-terrorism and counter-insurgency, and the military had the freedom to operate drones unregulated in these nations.

Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.

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Some Key Highlights from the Report

In February 2019, Endeavor Robotics was bought by FLIR Systems for worth USD 385.0 million. The deal is intended to strengthen the growing unmanned systems business of FLIR to cater to the US military’s robot deployment plan.

Land robots are likely to grow at the fastest rate in the forecast period. It assists soldiers in locating the patrolling or ambushing enemies, thereby saving lives. UAVs enable troops to explore suspected bombs. These robots find widespread deployment by armed services for usages such as battles, EOD, and firefighting.

Reconnaissance Robots deployed for transportation improve logistics efficiency and similarly aid movement of soldiers. Reconnaissance Robots assist soldiers in conveying battlefield materials alike assist in picking up causalities.

Europe is projected to grow at the fastest rate in the forecast period attributed to the growing deployment of Reconnaissance Robots owing to increasing advancement and deployment of technologies by the European nations comprising Germany, the UK, and France in the defense sector.

The study churns out some real-time data and offers enough information on the estimated market size, growth, and share to the stakeholders, field marketing personnel and product owners planning to multiply profitability and reduce costs. Importantly, the market intelligence research dives deep into customer preferences, spending capacity and production volume with the aim to ensure unmatched customer delight. A thorough assessment of trends from the yesteryears and future discussed in the report can help business owners identify tweaks that might be needed to the existing business strategy.

The report covers the following companies- Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Cobham PLC, BAE Systems, Qinetiq, General Dynamics Corporation, Northrop Grumman Corporation, and Israel Aerospace Industries Ltd., among others.

The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Reconnaissance Robots market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.

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Emergen Research has segmented the global Reconnaissance Robots market on the basis of product, end-use, and region.

Platform Outlook (Revenue, USD Billion; 2017-2027)

Land

Wheeled

Legged

Tracked

Wearable

Airborne

Unmanned Aerial Vehicle (UAV)

Unmanned Combat Aerial Vehicle (UCAV)

Naval

Unmanned Surface Vehicles (USVs)

Autonomous Underwater Vehicles (AUVs)

Remotely Operated Underwater Vehicles (ROVs)

Operation Mode Outlook (Revenue, USD Billion; 2017-2027)

Human-Controlled

Autonomous

Application Outlook (Revenue, USD Billion; 2017-2027)

Intelligence, Surveillance, and Reconnaissance (ISR)

Combat Support

Search and Rescue

Transportation

Explosive Ordnance Disposal (EOD)

Mine Clearance

Firefighting

Others

The study segments the Reconnaissance Robots industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.

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Key point summary of the report:

The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

Regional Outlook of Reconnaissance Robots Market:

North America (U.S.) (Canada) (Mexico)

Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)

Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)

Latin America (Brazil) (Rest of LATAM)

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