Albany, NY -- (SBWIRE) -- 03/21/2018 -- The global micro tactical ground robots market is experiencing a significant rise in its valuation, thanks to the increasing usage of micro tactical ground robots in the defense and military sector. The rising trend of automation is also fueling the demand for micro tactical ground robots across the world.
The worldwide market for micro tactical ground robots is expected to witness a significant rise over the period from 2017 to 2025, growing at a CAGR of 17.30%. The opportunity in this market is likely to increase from a US$1.57 bn in 2016 to US$6.36 bn by the end of 2025.
Demand for Micro Tactical Ground Robots to Remain High for Explosive Ordinance Disposal
Intelligence, surveillance, and reconnaissance services, law enforcement, explosive ordinance disposal, and chemical, biological, radiological, nuclear and explosives (CBRNE) and hazardous materials (HAZMAT) are the main application areas of micro tactical ground robots across the world. The demand for these robots has been higher in the explosive ordinance disposal segment. Analysts expect this scenario to remain same over the next few years, thanks to the increasing usage of these robots for ensuring public safety by detecting and diffusing explosives in public places and vehicles.
Among other application areas, the intelligence, surveillance and reconnaissance services segment is likely to report an increasing uptake of micro tactical ground robots in the near future among urban warfare units and special-forces to enhance situational awareness of certain place. Apart from this, these robots are also expected to find significant application in the CBRNE and HAZMAT segment due to increasing oil exploration and mining activities across the world.
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Continued Dominance of North America
The Middle East and Africa, North America, Europe, Latin America, and Asia Pacific have emerged as the key regional markets for micro tactical ground robots. Among these, North America surfaced as the leading market in 2016 with a share of 45%, boosted by the heightened usage of these robots by the U.S. for warfare. Going forward, this regional market is likely to retain its dominant position over the next few years, owing to the rising adoption of military robotics, thanks to the increasing expenditure of the U.S. government on defense. The advancements in robotics technology that fosters the manufacture of unmanned ground vehicles to a larger number is also projected to propel the North America micro tactical ground robot market.
Europe currently sits at the second position in the global micro tactical ground robots market and is anticipated to maintain it over the forthcoming years, on the grounds of the increasing usage of these robots to detect and diffuse a number of explosives. The law enforcement service has emerged as an attractive application segment in this region, which is likely to boost its share in the overall market over the next few years. Along with this, the augmenting deployment of these robots in surveillance and reconnaissance operations is also expected reflect positively on this regional market in the near future. With U.K. ministry of defense being a major buyer of micro tactical ground robots, the market's prospect in Europe is projected to enhance substantially in the years to come.
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Roboteam, iRobot Corp., QinetiQ, Boeing Co., Thales S.A., Robotnik Automation, Northrop Grumman, Clearpath Robotics, ReconRobotics Inc., and Perrone Robotics are the key vendors of micro tactical ground robots across the world.