Overview and Scope
The micro tactical ground robot (MTGR) platform is a unique, lightweight all-terrain tactical robot with outstanding indoor and outdoor agility. It is designed primarily to aid military, law enforcement, and public safety agencies in a wide range of conflict situations.
Sizing and Forecast
The micro tactical ground robot market size has grown rapidly in recent years. It will grow from $4.46 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to military modernization, counter-terrorism operation, urban warfare needs, increase in law enforcement applications, budget allocations..
The micro tactical ground robot market size is expected to see rapid growth in the next few years. It will grow to $8.46 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to humanitarian and disaster response, investment in r&d, rise in law enforcement applications, security and surveillance needs, urbanization challenges.. Major trends in the forecast period include miniaturization and portability, increased autonomy, multi-mission capabilities, enhanced sensor technology, interoperability and connectivity..
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Segmentation & Regional Insights
The micro tactical ground robot market covered in this report is segmented –
1) By Mode of Operation: Tethered, Tele-operated, Semi-autonomous, Autonomous
2) By Platform: Airborne, Land-Based, Naval
3) By Application: Intelligence, surveillance, and reconnaissance, Law enforcement, Explosive ordinance disposal, Chemical, biological, radiological, nuclear and explosives (CBRNE) and hazardous material (HAZMAT), Other Applications
North America was the largest region in the micro tactical ground robot market in 2023. The regions covered in the micro tactical ground robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in defense expenditure is expected to propel the growth of the micro tactical ground robot market going forward. The defense budget is the amount of the federal budget devoted to defense, which pays for personnel, training, and medical expenses, in addition to the maintenance and acquisition of weapons and equipment. The increased defense spending can lead to increased investment in military technology, such as micro tactical ground robots, which can lead to increased demand for such robots. For instance, in April 2022, according to a report published by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, global military spending surpasses $2 trillion. Total global military spending increased by 0.7% in real terms in 2021, reaching $2113 billion. In 2021, spending will rise for the seventh consecutive year. Russia upped its military budget by 2.9% to $65.9 billion in 2021 as it strengthened its forces along the Ukrainian border. China is expected to spend $293 billion on its military forces in 2021, a 4.7% increase over the previous year. Therefore, an increase in defense expenditure is driving the growth of the micro tactical ground robot market.
Key Industry Players
Major companies operating in the micro tactical ground robot market are adopting a strategic partnership approach to expand capabilities. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in March 2022, Heven Drones, an Israel-based drone manufacturer partnered with Roboteam, an Israel-based provider of unmanned ground vehicles (UGVs). The partnership between Heven Drones H100 Robo and Roboteam’s Micro Tactical Ground Robot (MTGR) has given rise to the inaugural flying robot, optimizing the time-to-lift capabilities for both ground and aerial robots. Representing a groundbreaking synergy, it marks the premier joint product where land and ground robots seamlessly cooperate, according to a joint press release. The partners are currently investigating further applications to enhance efficiency in various scenarios for both land and air robots.
The micro tactical ground robot market report table of contents includes:
1. Executive Summary
2. Micro Tactical Ground Robot Market Characteristics
3. Micro Tactical Ground Robot Market Trends And Strategies
4. Micro Tactical Ground Robot Market – Macro Economic Scenario
5. Global Micro Tactical Ground Robot Market Size and Growth
….
31. Global Micro Tactical Ground Robot Market Competitive Benchmarking
32. Global Micro Tactical Ground Robot Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Micro Tactical Ground Robot Market
34. Micro Tactical Ground Robot Market Future Outlook and Potential Analysis
35. Appendix
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