DUBLIN--(BUSINESS WIRE)--The "Military Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global military robots market size reached US$ 15.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 29.7 Billion by 2027, exhibiting a CAGR of 11.57% during 2021-2027.
Companies Mentioned
- Bae Systems
- Boston Dynamics
- Cobham Plc
- Elbit Systems Ltd.
- Endeavor Robotics (iRobot)
- General Dynamics Corporation
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Qinetiq
- Saab AB
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A military robot refers to a human-operated or automated mechanical device that is used for Intelligence, Surveillance and Reconnaissance (ISR) activities on land, water and air. The robots are specifically configured for military functions and are equipped with global positioning systems (GPS), Light Detection and Ranging (LIDAR) systems and fiber optics tethers to transform, receive and forward information to various endpoints.
They are also used for operations involving search and rescue, combat support, transportation, mine clearance and firefighting. Some of the commonly used military robots, such as Unmanned Security Vehicles (USVs), are equipped with sensors, video and thermal cameras, microphones and two-way radios. They provide backup against heavy artillery and can also be used to rescue injured soldiers or troops from the battlefield.
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
1. What was the size of the global military robots market in 2021?
2. What is the expected growth rate of the global military robots market during 2022-2027?
3. What are the key factors driving the global military robots market?
4. What has been the impact of COVID-19 on the global military robots market?
5. What is the breakup of the global military robots market based on the platform?
6. What is the breakup of the global military robots market based on the application?
7. What is the breakup of the global military robots market based on mode of operation?
8. What are the key regions in the global military robots market?
9. Who are the key players/companies in the global military robots market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Military Robots Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Platform
7 Market Breakup by Application
8 Market Breakup by Mode of Operation
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/bdb12c
