Global Military Robots and Electro-optic Infrared Systems Market - Forecasts to 2018

Global Military Robot market will grow at a CAGR of 10.26 percent and Global Military Electro-optic Infrared Systems market to grow at a CAGR of 6.01 percent over the period 2013-2018.

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California, United States (PRWEB) April 21, 2014

According to the Reportstack's latest report on Global Military Robots Market 2014-2018, one of the major drivers in this market is the increase in international conflicts, as a result of which the demand for military robots is expected to increase. Further, the report states that one of the major challenges that vendors face is the rapid technological changes taking place in the market, as a result of which the profit margins of the vendors are reducing because they need to invest more to upgrade their systems. An analyst from TechNavio’s team said: “Outdated defense technology can cripple armies and pose a challenge to homeland security. To keep abreast with emerging technologies and changing environments, the Defense sector is investing heavily in R&D to make military robots more versatile and efficient. For instance, there has been an increase in the demand for military robots that require low maintenance. Therefore, with the increase in R&D, the demand for advanced military robots is also increasing.”

The key players in Global Military Robot Market are BAE Systems plc, General Dynamics Corp., Israel Aerospace Industries Ltd., SAAB AB, AAI Corp., ASV Ltd., Atlas Elektronik GmbH, Bluefin Robotics Corp., Boston Dynamics Inc., Eca Robotics, Elbit Systems Ltd., Kongsberg Maritime AS, Rafael Advanced Defense Systems Ltd., RemotecUK Ltd., Rheinmetall AG,R obotic FX Inc., Samsung Group.

Global Military Electro-optic Infrared Systems Market 2014-2018 report says that the growth of the Global EO/IR Systems market is driven by several factors, of which an increase in the international conflicts is the major driver. For instance, over the past few years, there has been an increase in the number of international conflicts, such as the Syrian civil war and the Lebanon conflict. This rising tension across borders has led to an increase in the demand for EO/IR systems globally. Further, the report states that one such challenge is the rapid technological changes taking place in the market. Because of these changes, vendors have to invest more to upgrade their current EO/IR systems. This reduces the profit margins of the vendors. An analyst from TechNavio’s team said: “The Global Defense industry is investing extensively in R&D. In an attempt to improve the existing technology, vendors are developing systems that can help augment endurance and efficiency of weapons in hostile atmospheric conditions. For instance, there is an increase in the demand for EO/IR systems that require low maintenance and do not get overheated when used heavily.”

The key players mentioned in Global Military Electro-optic Infrared Systems Market are: BAE Systems plc, Israel Aerospace Industries Ltd., Raytheon Co., General Dynamics Corp., Thales SA ,DRS Technologies , Elbit Systems Ltd., EOIR Technologies Inc., FLIR Systems, Harris Corp.,L3 Wescam ,Lockheed Martin Corp., Northrop Grumman Corp., Theon Sensors SA, Ultra Electronics Holding.

The studies were conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The reports contain a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Reportstack:
Reportstack is one of the leading distributors of market research reports in the world today. Reportstack provides access to over 50,000 company profiles and their strategic information like SWOT analysis, deals and partnerships analysis, merger & acquisition activity and new product launches. Reportstack is also a leader in the field of Military, Aerospace and Defense Market Research Reports.

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Reportstack Market Research
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