Military Robots Market Size By Platform, By Payload, By Application, By Geographic Scope And Forecast


Posted April 9, 2021 by jennysmith22119

Military RobotsMarket was valued at USD 18.33 Billion in 2018 and is projected to reach USD 47.27 Billion by 2026,growing at a CAGR of 12.58% from 2019 to 2026.

 
Military Robots Market Size And Forecast
Military RobotsMarket was valued at USD 18.33 Billion in 2018 and is projected to reach USD 47.27 Billion by 2026,growing at a CAGR of 12.58% from 2019 to 2026.

The risingadoption of Artificial Intelligence (AI) powered robots for military purposesand an increase in terrorist activities around the globe are the factors thatare propelling the growth of the market. In addition, the rising militaryspending of the countries from Asia Pacific regions, such as India & China,and the increasing need for advanced monitoring, targeting & intelligencecollection systems in the military owing to the presence of life-threateningoperations has boosted the demand for military robots. The Global MilitaryRobots Market report provides a holistic evaluation of the market. The reportoffers a comprehensive analysis of key segments, trends, drivers, restraints,competitive landscape, and factors that are playing a substantial role in themarket.

GlobalMilitary Robots Market Definition
Military robotsalso called Unmanned Ground Vehicles (UGVs) or Unmanned Aerial Vehicles (UAVs)are automated robots or remote-controlled mobile robots designed for militarypurposes, from transport to search & rescue operations. Dirty, dangerous,repetitive jobs and several hazardous tasks, such as breaking enemy barriers& detecting chemical weapons are carried out by remotely controlledmilitary robots as it takes away the risk of a soldier’s life.

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These robots arecontrolled by soldiers and are programmed to perform as instructed. Themilitary robots come in a range of shapes & sizes that depends on the kindsof jobs the robot is built to carry out. It uses various advanced technologiessuch as sensors, GPS, LIDAR, and fiber optics tether that allow them to gatherinformation from their surroundings, some sort of locomotion, and a powersource.

GlobalMilitary Robots Market Overview
In the report,the market outlook section mainly encompasses fundamental dynamics of themarket which include drivers, restraints, opportunities, and challenges facedby the industry. Drivers and Restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market.

The risingadoption of Artificial Intelligence (AI) powered robots for military purposesand an increase in terrorist activities around the globe are the factors thatare propelling the growth of the market. In addition, the rising militaryspending of the countries from Asia Pacific regions, such as India & China,and the increasing need for advanced monitoring, targeting & intelligencecollection systems in the military owing to the presence of life-threateningoperations has boosted the demand for military robots.

For instance,India has recently signed a deal with the US for 22 predators ‘ Guardian dronesthat will make a major contribution in surveillance across the Indian Ocean.Furthermore, increasing investments by the government for the development ofmulti-mission robots and a growing trend of replacement of human soldiers withadvanced robots to decrease casualties are the factors that are expected tosupport the growth of the market. On the other hand, the high cost of therobots and the threat of system failure on the battlefield are the leadingreasons that are hindering the growth of the market.

Verified MarketResearch narrows down the available data using primary sources to validate thedata and use it in compiling a full-fledged market research study. The reportcontains a quantitative and qualitative estimation of market elements thatinterest the client. The “Global Military Robots Market” is mainly bifurcatedinto sub-segments that can provide classified data regarding the latest trendsin the market.

GlobalMilitary Robots Market: Segmentation Analysis
The GlobalMilitary Robots Market is segmented on the basis of Platform, Payload,Application, and Geography.

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MilitaryRobots Market, By Platform
• Airborne
• Land-Based
• Naval

Based onPlatform, the market is bifurcated into Airborne, Land-Based, and Naval.

MilitaryRobots Market, By Payload
• Radar
• Camera
• Video Screens
• Weapons
• Others

Based onPayload, the market is bifurcated into Radar, Camera, Video Screens, Weapons,and Others.

MilitaryRobots Market, By Application
• Intelligence,Surveillance and Reconnaissance (ISR)
• Search and Rescue
• Combat Support
• Transportation
• Explosive Ordnance Disposal (EOD)
• Mine Clearance
• Firefighting
• Others

Based on theApplication, the market is bifurcated into Intelligence, Surveillance andReconnaissance (ISR), Search and Rescue, Combat Support, Transportation,Explosive Ordnance Disposal (EOD), Mine Clearance, Firefighting, and Others.

MilitaryRobots Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis ofregional analysis, the Global Military Robots Market is classified into NorthAmerica, Europe, Asia Pacific, and the Rest of the world.

KeyPlayers In Military Robots Market
The “GlobalMilitary Robots Market” study report will provide a valuable insight with anemphasis on the global market including some of the major players such as Boston Dynamics, Northrop GrummanCorporation, Lockheed Martin Corporation, Thales Group, Clearpath RoboticsInc., Energid Technologies Corporation, Recon Robotics, QinetiQ, Saab AB, andBAE Systems.

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Last Updated April 9, 2021