Robotic refueling system in the short term which is of two years is going to have low impact in the market. However, over the next five years with the advent of autonomous mining activities is expected to have medium impact in the robotic refuelling system market and its impact is expected to grow over the next ten years. Security concerns is expected to have medium impact in the robotic refuelling systems market growth in the short term. However, by mid and high term, its impact is expected to decrease allowing the robotic refuelling system market to grow more independently.
The North America Robotic Refueling System Market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
Robotic refueling system market in North America is expected to grow from US$ 3.67 Mn in 2018 to US$ 94.73 Mn by the year 2027 with a CAGR of 43.7% from the year 2019 to 2027.
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As per the America First Energy Plan, the government of the country would be embracing gas and shale oil revolution to bring prosperity and jobs to the majority of Americans. On the other hand, in July 2017, the US Army Aviation and Missile Research, Development and Engineering Center revealed AR3P (Autonomous and Robotic Remote Refueling Point) project. Under this, the US Army is performing tests on robotic refueling stations for the helicopters which can refuel helicopters avoiding soldier’s intervention.
These factors are expected to offer broad growth opportunities in the Biotechnology industry and this is expected to cause the demand for Robotic Refueling System in the market.
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