Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

GlobalData : Global military recruitment problems poised to be overcome with unmanned ground vehicle and other robotic systems, finds GlobalData

09/16/2021 | 01:22pm EDT
16 Sep 2021
Global military recruitment problems poised to be overcome with unmanned ground vehicle and other robotic systems, finds GlobalData
Posted in Aerospace, Defense & Security

In an exclusive interview with GlobalData, a leading data and analytics company, at the DSEI conference, Mr Jüri Pajuste, Research and Development (R&D) Director at Milrem Robotics, highlighted that the unmanned ground vehicle (UGV) market is still relatively small, but global military recruitment problems will create a capability gap, which UGV's and other robotic systems are poised to fill.

William Davies, Associate Defense Analyst at GlobalData, comments: 'Recruitment is becoming harder for militaries, with the British Army reporting that infantry units are experiencing up to a 30% shortfall in soldiers in recent years. This is leading to a search for robotics to meet traditional needs, and current systems under development like Milrem's Themis have multiple functions including transport, ordnance disposal and combat capabilities.'

Mr Pajuste, a reserve Captain in the Estonian Army, acknowledges that UGV's are not as widely fielded as possible, but that in the next five to 10 years early adaptors including Estonia and Russia will find more applications for UGV's within their forces.

Davies continues: 'Milrem is at the forefront of the European joint procurement program, which is aiming to standardize a UGV design across a number of European countries. The prototype is based on the 'Themis', a UGV produced by Milrem Robotics. The program is called the integrated Modular Unmanned Ground System (iMUGS), with Estonia as the lead country.'

GlobalData's latest report, 'Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026', reveals that the projected Estonian defense budget will reach US$1.12bn by 2026, and that military UGV's will be a top defense segment for the country in the next five years - with an expectation of growth at over 22% during the period.

Davies adds: 'The technology faces problems in that current UGV's are not widely fielded, and that, in many cases, militaries do not have long term plans in place for how to integrate them into their forces. Whilst Milrem sees Europe as its home market, it also considers South East Asia and the Middle East to have growth potential, according to Mr Pajuste.'


GlobalData plc published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 17:21:05 UTC.

© Publicnow 2021
All news about GLOBALDATA PLC
10/15GLOBALDATA : Google going the Apple way with the Pixel 6 smartphones to ride 5G services m..
10/15GLOBALDATA : Arcutis may face challenges when marketing roflumilast despite commercial adv..
10/14GLOBALDATA : It's raining tech unicorns in India with increasing digital adoption, says Gl..
10/14GLOBALDATA : Netherlands on track to phase out coal power by 2030, says GlobalData
10/14GLOBALDATA : New low-cost start-up Bonza Airlines set to fill void in Australia's domestic..
10/14GLOBALDATA : China emerges as powerhouse for AI unicorns, says GlobalData Thematic Researc..
10/14GLOBALDATA : New investments flow to support Tata's ambition of making EVs mainstream in I..
10/14GLOBALDATA : Japan to account for about 25% of Asia-Pacific thyroid function tests market,..
10/14GLOBALDATA : Covaxin success in 2-18 age group in India will depend on capability to meet ..
10/13GLOBALDATA : Plaque psoriasis population to reach over 16.8 million by 2030 in the 7MM inf..
More news
Sales 2021 192 M 263 M 263 M
Net income 2021 27,9 M 38,3 M 38,3 M
Net Debt 2021 50,8 M 69,8 M 69,8 M
P/E ratio 2021 62,5x
Yield 2021 1,30%
Capitalization 1 652 M 2 273 M 2 270 M
EV / Sales 2021 8,88x
EV / Sales 2022 8,18x
Nbr of Employees 3 472
Free-Float 30,8%
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 5
Last Close Price 1 400,00 GBX
Average target price 1 592,50 GBX
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Sally Kate Miranda Johnson Chief Financial Officer
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
S&P GLOBAL INC.35.04%106 932
RELX PLC22.01%58 033
MSCI INC.37.97%50 791
EQUIFAX INC.36.88%32 159