Global Military Robots Industry Research 2024: Market to Reach $46.3 Billion by 2032 from $19.2 Billion in 2023, Driven by Rising Geopolitical Tensions, Investments and Modernisation Programs

Research and Markets

17 May 2024 at 6:55 am·3-min read

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Global Military Robots Market

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.com'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

For more information about this report visit https://www.researchandmarkets.com/r/1od64e

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.

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Global Military Robots Market

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Global Military Robots Industry Research 2024: Market to Reach $46.3 Billion by 2032 from $19.2 Billion in 2023, Driven by Rising Geopolitical Tensions, Investments and Modernisation Programs

Latest stories

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