June 15th, 2022
Military Robots Market
The Military Robots Market is projected to expand at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Military Robots Market includes growing application of military robots in combat and rescue operations, harsh weather conditions and rising demand for underwater drones and Unmanned Ariel Vehicles for inspection & surveillance activities. According to the Military Robots Market Analysis, the increasing Government’s expenditure on Defense budget across the world, is further propelling the market growth, as per report published by SIPRI, India’s military expenditure increased to USD 76.6 billion, and India became the third largest military spender in the world in FY2021. In addition, the extensive integration of technologies such as Artificial Intelligence and IoT to military robots and changing modern warfare along with growing uncertainty due to the on-going Russia Ukraine War, are expected to increase the Military Robots Market size in the coming years.
However, the growth of Military Robots Market is hindered due to strict technology transfer regulations, high cost for developing military robots and communication problems associated with Autonomous Underwater vehicles (AUVs).
The prominent players operating in the market are Elbit Systems Ltd., Aerovironment, Inc., Thales Group, Qinetiq, Cobham plc, Endeavor Robotics, General Dynamics Corporation, Israel Aerospace Industries LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Elbit Systems Ltd., and Bae Systems among others.
Platform: Segment Analysis
Based on Platform, the land robots’ segment is anticipated to grow at a faster CAGR over the forecast period due to increasing use of land robots by Border Security Forces at battlefield and growing number of terrorism attacks across the globe.
Application: Segment Analysis
Based on the Application, the mine clearance segment is expected to grow at a significant CAGR during the forecast period due to emerging need to minimize the risk of unexploded ordnance and other dangerous objects in mine clearance operations along with growing demand for Remotely Operated vehicles (ROVs) and land robots across the world.
Regional: Segment Analysis
Based on the region, Europe is anticipated to grow at a remarkable CAGR over the forecast period. The increasing integration of advanced technologies by the militaries of Germany, France, and United Kingdom along with the presence of key manufacturers, are some of factors responsible for the growth of Military Robots Market in Europe. As per the World Robotics Report, out of 700, around 307 Companies are present in Europe, which manufactures advanced robots.
Global Military Robots Market by Platform
· Land robots
· Marine Robots
· Unmanned Surface Vehicle (USV)
· Autonomous Underwater Vehicle
· Remotely Operated vehicle
· Airborne Robots
· Small UAV
· Tactical UAV
· Strategic UAV
· Unmanned Combat Aerial Vehicle (UCAV)
Global Military Robots Market by Application
· Intelligence, Surveillance and Reconnaissance (ISR)
· Search and Rescue
· Combat Support
· Explosive Ordnance Disposal (EOD)
· Mine Clearance
Global Military Robots Market by Mode of Operation
· Human Operator
· Fully Autonomous
Global Military Robots Market by Region
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Add Gmiresearch to your subscriptions feedGmiresearch