What is the global market size of Military Robots Market?

Military Robots Market size was valued at USD 19.08 billion in 2021 and is poised to grow from USD 20.63 billion in 2022 to USD 38.79 billion by 2030, growing at a CAGR of 8.2% in the forecast period (2023-2030).

Who are the key vendors in the Global Military Robots Market?

The global Military robots market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Lockheed Martin Corporation', 'General Dynamics Corporation', 'BAE Systems plc', 'Northrop Grumman Corporation', 'Boeing Company', 'iRobot Corporation', 'QinetiQ Group plc', 'AeroVironment, Inc.', 'SAAB AB', 'Elbit Systems Ltd.', 'Boston Dynamics, Inc.', 'FLIR Systems, Inc.', 'Raytheon Company', 'Turkish Aerospace Industries Inc.', 'Leonardo S.p.A.', 'Rheinmetall AG', 'Thales Group', 'Textron Inc.', 'Kongsberg Gruppen ASA', 'Roboteam Ltd'

What is the key driver of Global Military Robots Market?

The convergence of technologies such as artificial intelligence, real-time data monitoring, and the Internet of Things (IoT) has increased demand for military robots in modern warfare, thereby assisting the market.

What is the key market trend for Global Military Robots Market?

Expanding Human Augmentation and Robotics to Aid Growth

Which region accounted for the largest share in Global Military Robots Market?

Based on region global military robots market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. The European Military robots market is expected to grow at the fastest CAGR during the forecast period. Russia, Germany, the United Kingdom, Italy, France, and the rest of Europe are all examined in this regional market study (Sweden, Norway, Denmark, and so on). One of the most important growth drivers for the European military robot industry is the increased use of unmanned aerial vehicles (UAVs) for surveillance. As a result of the COVID-19 crisis, many countries have agreed to reduce their total defence budgets. According to industry analysts, defence departments will focus more on sectors of high value to national security, while budgets for research and non-critical sectors will be reduced temporarily. Unlike other countries, some European countries have increased their projected defence spending during this period.

Military Robots Companies

Military Robots Market Competitive Landscape

Top Players in the Global Military Robots Market

Northrop Grumman Corporation (US)
Thales Group (France)
Clearpath Robotics Inc. (Canada)
QinetiQ (UK) AeroVironment, Inc. (US)
Elbit Systems Ltd. (Israel)
Raytheon Technologies (US)
BAE Systems (UK)
Saab AB (Sweden)
Lockheed Martin Corporation (US)
General Dynamics Corporation (US)
Milrem Robotics (Estonia)
Leonardo (Italy)
Textron Inc. (US)
Kongsberg Gruppen (Norway)

FAQs

Military Robots Market size was valued at USD 18.03 Billion in 2022 and is poised to grow from USD 19.89 Billion in 2023 to USD 43.58 Billion by 2031, growing at a CAGR of 10.3 % in the forecast period (2024-2031).

The key players in the global military robots market is emphasizing on introducing advanced autonomous vehicles that provide superior features and can be used without much complexity. The market leaders are also engaging in partnerships, collaborations, and mergers & acquisitions. With this they are not only expanding their presence in the global market but also advancing the development of military robots. Furthermore, many players and startups are collaborating with government facilities to invest in various research and development related to the design and production of military robots and how they can be fully utilized in various challenging situations. 'Northrop Grumman Corporation (US) ', 'Thales Group (France) ', 'Clearpath Robotics Inc. (Canada) ', 'QinetiQ (UK) AeroVironment, Inc. (US) ', 'Elbit Systems Ltd. (Israel) ', 'Raytheon Technologies (US) ', 'BAE Systems (UK) ', 'Saab AB (Sweden) ', 'Lockheed Martin Corporation (US) ', 'General Dynamics Corporation (US) ', 'Milrem Robotics (Estonia) ', 'Leonardo (Italy) ', 'Textron Inc. (US) ', 'Kongsberg Gruppen (Norway) '

Lately investments in research and development of next-generation robots that can be used in different combats and non-combat has grown substantially. Many governments are showing immense interest in utilizing the benefits that are provided by the robots in the military sector and have started investing in autonomous military systems. Even with robust emphasis on unmanned aerial vehicles, researchers are still looking for better use and sea-based vehicles have developed immensely. These factors are fueling the growth of the robots market.

Research and development activities are increasing in the military segment globally to improve underwater acoustic communication and optical communication technology. Constant research is also being conducted to improve the current robots used in the military. For example, in January 2021, Combat Capabilities Development Command of the US ARL collaborated with universities in North Carolina. The goal of the partnership was to increase research in bio-hybrid robotics. ARL plans to infuse living tissues with cold metal for creating robots that will have the versatility of living creatures.

North America is dominating the military robots market with maximum share. This is mainly due to their growing focus on improving security measures in different industries like government, defense, commercial, and critical infrastructure, boosting the adoption of robots. The increasing adoption of automation and robotics technology throughout industries is also boosting the demand for security robots. With market leaders like Boeing and Lockhead leading the market, the region is investing more in advanced research, development, and manufacturing in the military robots sector. North American military robot market companies are playing a vital role in shaping the future of aerospace and defense technology with military aircraft to space exploration.

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What is the global market size of Military Robots Market?

Who are the key vendors in the Military Robots Market?

What is the key driver of Military Robots Market?

What is the key market trend for Military Robots Market?

Which region accounted for the largest share in Military Robots Market?

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