The new report by Expert Market Research titled, ‘Global Military Robots Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global military robots market, assessing the market based on its segments like platforms, mode of operations, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 8.1%
As terrorist attacks become more common, governments throughout the world are investing in advanced military robots to strengthen their defence capabilities at international borders. The increasing utilisation of robots for surveillance, intelligence, and reconnaissance activities will drive the healthy growth of the market. The increasing investments in research and development activities in order to upgrade ground robots will propel the growth of the market. Moreover, the growing focus of companies towards designing and developing mini robots capable of sending images and videos to the ground-based station for assisting troops to make real time decisions on battlefields will subsequently drive the growth of the global military robots market during the forecast period.
Industry Definition and Major Segments
Military robots are professional service robots that are deployed for military applications. The development of artificial intelligence and robotic technology, which includes the use of programming logic that allows a device to operate autonomously, has boosted the development of military robots that can handle military tasks accurately, quickly, and autonomously. Unlike humans, robots do not suffer from physical and mental exhaustion. Military robots are used for operations involving transportation, search and rescue, mine clearance, and combat support.
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The military robots market, on the basis of platform, can be segmented into:
• Land
• Marine
• Airborne
• Others
Based on mode of operation, the industry can be divided into:
• Human Operated
• Autonomous
The regional markets can be segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The increasing application of modern warfare techniques by defence forces, high demand to counter terrorism, and wide use of autonomous underwater vehicles (AUVs) in life threatening military missions will significantly contribute to the growth of the market. The development of fully autonomous unmanned ground vehicles (UGVs) and incorporation of advanced technologies in autonomous underwater vehicles (AUVs) will extend profitable opportunities to the military robots market players in the forecast period. Several countries are either evaluating the practicality of robotics in their land-based military forces or planning large-scale deployments in the future. Also, the implementation of various military modernisation programmes are expected to augment the market growth in forecast period.
Key Market Players
The major players in the market are Northrop Grumman, Lockheed Martin Corporation, AeroVironment Inc., FLIR Systems Inc., and Cobham Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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