Military Robots Market Share Growth, CAGR Valuation Overview, Key Players By 2030
Market Overview:
Military Robots Market Share is expected to grow USD 24.2 Billion at a CAGR 10.7% by during the forecast period.
Military robots are self-contained or remotely operated devices for military purposes such as surveillance, search and rescue, and transportation. The changing nature of combat and the hefty expenses and military deaths encourage robot deployments in current fights. As a result of high army deaths in previous conflicts, several governments have invested in new robotic systems to maintain a fleet of UUVs, UAVs, and UGVs for important mission missions.
Military robotics and similar technology have grown more vital for defense forces worldwide. Military robot systems would prove to be a significant military advantage because they would require fewer war fighters, superior defense capabilities could be made available in previously inaccessible locations and reduced human losses by removing military personnel from dangerous missions.
The military robots market CAGR being pushed mostly by a worrisome rise in terrorism worldwide. The rising demand for effective military robots that can do dangerous duties and be deployed in life-threatening circumstances to reduce troop losses is easing the supply of military robots. Another key growth-inducing aspect is significant developments in robotics and automation technology. Artificial intelligence has, for example, enabled the development of military robots with improved monitoring, targeting, and information gathering systems.
Due to disruptions in defense supply networks and production outputs in 2020, the coronavirus pandemic moderately impacted the market focus. However, due to the simplification of supply chain operations, the industry has improved, assisting in expanding the Military Robots Market Share.
Key Players:
FLIR Systems Inc. (US), General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), Saab AB (Sweden)
Market Segmentation:
The global military robots market data has been divided into five sections payload, mode of operation, application, platform, and regional basis. With the payload section, the market is further divided into four sections sensor, radar, weapon, and others. With the mode of operation, the global market is further divided into two parts human-operated and autonomous. According to the application section, the market has been divided into ten sections mine clearance, firefighting, search & rescue, transportation, intelligence, surveillance and reconnaissance, combat support, explosive ordnance disposal, and others. The platform is divided into airborne, ground-based, and naval. On a regional basis, the Military Robots Market Share Trendis further divided into five sections Asia-Pacific, North America, South America, Europe, and Middle East & Africa.
Regional Analysis:
In recent years, key nations in the area, such as China, India, and Japan, among others, have quickly increased their defense spending. Countries have committed much of their military budget to develop and deploying unmanned systems within their armed forces to improve their combat and surveillance capabilities. For example, the Defense Acquisition Program Administration of South Korea reported in April 2021 that the exploratory development phase for the 666 Unmanned Surveillance Vehicle had been completed successfully.
During the projected period, the land segment is predicted to increase fastest. In situations and regions judged too risky, the ground forces are deploying advanced military robots, which can potentially result in the death or limitation of deployed personnel' capabilities. Several nations are either investigating the practicality of robots in their land-based military forces or planning large-scale deployments in the future.
Industrial News:
Due to numerous major military and technology organizations, the Military Robots Market Share Trend for military robots is fragmented. Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Elbit Systems Ltd, and BAE Systems PLC are some major competitors in the Military Robots Market Share.
Related reports:
Military Surveillance Drone Market: Information by Drone Type (Fixed Wing Drone, Rotary Blade Drone and Hybrid Drone), Payload (Electro-Optic/Infrared Sensor, Cameras, Electronic Intelligence, Maritime Patrol Radar and others), Technology (Hardware and Software) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2030
Tethered Drones Market Research Report By Type (Military Drones and Commercial Drones), By Component (Sensor, Controller system, Camera, Battery) By Application (Inspection and Monitoring, Law Enforcement, Surveying, and Mapping), and by Region - forecast till 2027
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