Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Military Robots Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This provides strategists, marketers and senior management with the critical information they need to assess the market.
The global military robots market will grow from $18.8 billion in 2022 to $20.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The military robots market is expected to grow from $28.42 billion in 2027 at a CAGR of 8.7%.
Major players in the military robots market are Lockheed Marin Corporation, Northrup Grumman Corporation, General Dynamics Corporation, BAE Systems, Aerovironment, Inc, Irobot, Boston Dynamics, Thales Group, Elbit Systems Ltd, and Turkish Aerospace Industries Inc.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The military robots market consists of sales of military robots such as military transportation robots, search and rescue military robots, firefighting military robots, and mine clearance military robots. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The military robots refer to robots specially designed for military applications. These are remotely controlled military robots for tasks such as transport, search, rescue, gunfire or attack, airborne and underwater surveillance, image capturing, bomb disposal, carrying wounded military personnel, and detecting mines.
North America was the largest region in military robots market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the military robots market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The main platforms in military robotics are land, marine, and airborne. Unmanned Ground Vehicles (UGVs) are the common name for land or home robots (UGVs). Wheeled or tracked robots are the most frequent, but footed robots with two or more legs are also prevalent (humanoid or resembling animals or insects).
The different payloads include sensors, cameras, LCD screens, weapons, radar, and others and are used in ISR, search and rescue, combat support, transportation, EOD, mine clearance, and firefighting. The various sectors include the armed forces and homeland security.
The market growth can be attributed to the increasing adoption of land-based military robots by various countries for border security. Border security robots that are based on hybrid wireless sensor networks were introduced to address concerns about national security. The primary objective of the border patrol robots is to save the lives of security personnel deployed for border surveillance.
Border patrol systems that utilize the PIR sensor for human detection and a metal detector for explosive detection can accurately detect border intrusions with minimum human involvement.
The system also uses a wireless camera to continuously monitor the border. Based on the fact that autonomous military systems can cut down costs, improve effectiveness, enable more broad military operations, and most importantly, help keep security personnel out of harm, various countries are adopting military robots for border security. The increasing adoption of military robots by various countries, therefore, is expected to drive the military robot market growth.
The decline in the defense budget in developed economies across the globe acts as a restraint on the industry. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, the global military burden - defined as global military spending as a share of global gross domestic product (GDP) - fell by 0.1 percentage points, from 2.3% in 2020 to 2.24% in 2021, as a result of a sharp economic recovery.
US military expenditures totalled $801 billion in 2021, a 1.4% decrease from 2020. The cost of the US military decreased slightly from 3.7% of GDP in 2020 to 3.5% in 2021. The decline in the defense budget in some developed economies across the globe is expected to hamper the military robot market.
Multi-mission robots are designed to carry out multi-domain operations in the military. Unlike humans, robots do not suffer from physical and mental exhaustion. With continuous advances in electronic component technology and miniaturization, the operational flexibility of robots has increased tremendously.
They exhibit greater resistance to the impact of bombs and weapons, ensuring greater security. Today's robots are equipped with mission-specific tasks and individual munitions. The payloads that these robots carry may be integrated in line with the mission requirements. For instance, the 710 Kobra is a heavy-duty, multi-mission robot designed by American robot maker iRobot Defense & Security (now Endeavor Robotics Holdings) to provide increased safety and mission effectiveness for soldiers, first responders, and security personnel.
The countries covered in the military robots market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Military Robots Market Characteristics
3. Military Robots Market Trends And Strategies
4. Military Robots Market - Macro Economic Scenario
4.1 COVID-19 Impact On Military Robots Market
4.2 Ukraine-Russia War Impact On Military Robots Market
4.3 Impact Of High Inflation On Military Robots Market
5. Military Robots Market Size And Growth
5.1. Global Military Robots Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Military Robots Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Military Robots Market Segmentation
6.1. Global Military Robots Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Land
- Marine
- Airborne
6.2. Global Military Robots Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- ISR
- Search and Rescue
- Combat Support
- Transportation
- EOD
- Mine Clearance
- Firefighting
6.3. Global Military Robots Market, Segmentation By Payload, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Sensors
- Cameras
- LCD Screens
- Weapons
- Radar
- Others
6.4. Global Military Robots Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Armed Forces
- Homeland Securities
7. Military Robots Market Regional And Country Analysis
7.1. Global Military Robots Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Military Robots Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/zboi7j
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
