(MENAFN- GlobeNewsWire - Nasdaq) Dublin, May 17, 2024 (GLOBE NEWSWIRE) -- The "Global Military Robots market Report by Platform, Application, Mode of Operation, and Region 2024-2032" report has been added to ResearchAndMarkets's offering.
The global military robots market size reached US$ 19.2 Billion in 2023. Looking forward, the market is projected to reach US$ 46.3 Billion by 2032, exhibiting a growth rate (CAGR) of 10.27% during 2023-2032.
The market is primarily being driven by an alarming increase in terrorism across the globe. In line with this, the growing requirement for efficient military robots that can perform hazardous tasks and can be deployed in life-threatening situations to minimize the casualties of soldiers is further facilitating the demand for military robots. Significant advancements in robotics and automation technologies are acting as another major growth-inducing factor. For instance, the integration of artificial intelligence (AI) has enabled the production of military robots with advanced monitoring, targeting and information gathering systems.
Governments of both emerging and developed nations are investing significantly to improve their existing security infrastructure. Initiatives are continually being undertaken to equip air, marine and land forces with advanced security solutions, such as wheeled, tracked and legged robots, wearable robots, Remotely Operated Underwater Vehicles (ROVs) and Unmanned Combat Aerial Vehicle (UCAV). Other factors, including increasing investments in the defense sector and the implementation of various military modernization programs, are projected to drive the market in the coming years.
Key Questions Answered in This Report
What was the size of the global military robots market in 2023? What is the expected growth rate of the global military robots market during 2024-2032? What are the key factors driving the global military robots market? What has been the impact of COVID-19 on the global military robots market? What is the breakup of the global military robots market based on the platform? What is the breakup of the global military robots market based on the application? What is the breakup of the global military robots market based on mode of operation? What are the key regions in the global military robots market? Who are the key players/companies in the global military robots market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 147 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $19.2 Billion |
| Forecasted Market Value (USD) by 2032 | $46.3 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
Companies Featured
Bae Systems Boston Dynamics Cobham Plc Elbit Systems Ltd. Endeavor Robotics (iRobot) General Dynamics Corporation Lockheed Martin Corporation Northrop Grumman Corporation Qinetiq Saab AB
Key Market Segmentation
Breakup by Platform:
Land Robots Wheeled Tracked Legged Wearable Marine Robots Unmanned Surface Vehicles (USVs) Autonomous Underwater Vehicles (AUVs) Remotely Operated Underwater Vehicles (ROVs) Airborne Robots Small UAV Strategic UAV Tactical UAV Unmanned Combat Aerial Vehicle (UCAV)
Breakup by Application:
Intelligence, Surveillance and Reconnaissance (ISR) Search and Rescue Combat Support Transportation EOD Mine Clearance Firefighting Others
Breakup by Mode of Operation:
Human Operated Autonomous
Breakup by Region:
North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
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Global Military Robots Market
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