HOME Research Insight Long-Term Contracts and Acquisitions are Among the key Strategies Adopted by the Leading Players to Catalyze their Growth in the Military Robots Market

Long-Term Contracts and Acquisitions are Among the key Strategies Adopted by the Leading Players to Catalyze their Growth in the Military Robots Market

The military robots market is led by Lockheed Marin Corporation (US), Northrup Grumman Corporation (US), ENDEAVOR ROBOTICS (US), Boeing (US), Elbit System Ltd. (Israel), QinetiQ (UK), etc. These companies are expected to continue their dominance till 2022.

Contracts is the key strategy adopted by the players to grow in the military robots market. This strategy accounted for a share of 55% of the total growth strategies adopted by the military robots market players between 2014 and 2017.

Top two players of the military robots market

Northrop Grumman Corporation (US) is a major player in the military robots market. The company focuses on gaining contracts through extensive R&D activities. The company has a wide product portfolio that consists of robots for land, airborne, and marine platforms. The company’s innovative next-generation products and strategic investments are expected to help Northrop achieve robust growth in the international market in the future. Its strong R&D capabilities have resulted in each of its key business segments. The company is a prime contractor of high-priority defense and government service technology programs in the US. In 2016, Northrop Grumman Corporation received a contract from the Defense Advanced Research Projects Agency (DARPA) and the Office of Naval Research for a full-scale demonstration program of next-generation unmanned systems for maritime ISR and strike capabilities for small-deck naval surface vessels. Northrop Grumman Corporation conducts most of its business with the US Government, principally the Department of Defense (DOD) and the intelligence community.

Lockheed Martin Corporation (US) is a leading supplier of unmanned systems including Intelligence, Surveillance and Reconnaissance (ISR) systems for tactical and strategic missions. The company delivers products and services developed through contracts. For example, in 2016, Lockheed Martin received a contract from the US Army to provide Sensor Systems - Aerial Intelligence, Surveillance and Reconnaissance (SS-AISR) task order on the R2-3G indefinite delivery, indefinite quantity. In the same year, the company received a contract from the Ministry of Defence (UK) to support the Desert Hawk 3 program and establish the small Unmanned Aerial System (UAS) as a Core Defence Capability.

It is also important to note that companies such as Elbit Systems Ltd. (Israel), Thales Group (France), Saab AB (Sweden), and QinetiQ (UK) have made significant contribution to the overall military robots market. These companies are expected to witness significant growth in the coming years, owing to strategies of long-term contracts and acquisitions adopted by them in the recent years.

Related Reports:

Military Robots Market by Platform (Land, Marine, Airborne), Application (ISR, Search and Rescue, Combat Support, Transportation, EOD, Mine Clearance, Firefighting), Mode of Operation (Human Operated, Autonomous), and Region - Global Forecast to 2022

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