Automated Weapon System Market Analysis and Global Forecast to 2023

PUNE, India, 2017-Jul-14 — /EPR Network/ — Market Highlights: Automated weapon systems are military robots that are specifically deigned to engage with the military targets without any human intervention. These weapons are remote-controlled mobile machines designed for usage in the military applications.

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Global Automated Weapon System Market:

With the modernization of warfare, there has been a growing demand for drones over the years, which is among the major driving factors of the market. The drones or unmanned aircraft systems are smaller and cost-effective, as compared to their manned counterparts. They provide secure, reliable, and modernized digital communication with the help of various systems that are equipped with them. Moreover, these weapon systems are also integrated with sensors and GPS that aid in providing intelligence, surveillance, and reconnaissance (ISR) for military operations, which widens their demand. However, the risk of the cyber-attacks and defense budget cuts are the major factors that may hamper the growth of the market.

Key Players of Automated Weapon System Market:

  • Northrop Grumman Corporation (U.S.)
  • Lockheed Martin Corporation (U.S.)
  • Israel Aerospace Industries Ltd. (Israel)
  • Boston Dynamics (U.S.)
  • Aerovironment, Inc. (U.S.)
  • BAE Systems, Inc. (UK)
  • Turkish Aerospace Industries, Inc. (Turkey)
  • General Dynamics Corporation (US)
  • Saab AB (Sweden)
  • Thales Group (France)

Market Research Analysis:

Americas dominate the global automated weapon system market. Although, the US has been witnessing budget cuts and military downsizing since the last five years, their expenses in other sectors such as drones and unmanned vehicles (underwater and surface) have been relatively higher, which ultimately drives the growth of the market in Americas region. The APAC region is expected to contribute significantly mainly due to the increasing terrorism incidences and border threats in the region coupled with the growing military expenses by China, India, South Korea, and Japan.

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Target Audience:

  • Manufacturing Organizations
  • Defense authorities
  • Government as well as Independent Regulatory Authorities
  • Research Institutes / Education Institutes
  • Potential Investors

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