10-Jun-2024 | Zion Market Research
Zion Market Research has published a new report titled “Military Robotics Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global military robotics market was approximately USD 12.21 billion in 2023 and is expected to generate around USD 24.15 billion by 2032, at a CAGR of around 8.00% between 2024 and 2032.
Robots are extremely used in hazardous environments to decrease the risk associated with human operators and engineering equipment. The advancements in robotic systems are used to substitute humans to perform hazardous activities in extreme conditions. These factors are expected to drive the global military robotics market in the years ahead. The nature of warfare has been changing significantly over the last few years, and technology plays a major role in building the tactics of warfare. Military robots have been developed to handle a wide range of combat operations. Robots in the army can be used as a backup in heavy artillery fires and decrease the number of fatalities. Military robots can map high-risk areas by identifying various threats in a precise manner. Armed forces across the world do not depend completely on human soldiers and are using small robots that can remain invisible to the enemy.
Browse the full “Military Robotics Market By Type (Land, Marine, And Airborne), By Payload (Sensors, Cameras, LCD Screens, Weapons, Radar, And Others), By Application (Warfield Operations, Firing, Image Capturing And Surveillance, Metal/Mine Detections, Pick And Place, And Others), By End-User (Armed Forces And Homeland Securities), And Region: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/military-robotics-market
Based on type, the global military robotics market includes land, marine, and airborne. Land robots accounted for a major share in 2023, due to the increasing demand for land robots, as they are extensively used by armed services for firefighting, EOD, battles, and conveyance to achieve economies of scale.
On the basis of payload, the market includes radar, cameras, sensors, weapons, LCD screens, and others. The sensors segment contributed the highest revenue share in 2023 and is expected to grow at the highest rate over the forecast timeframe. This growth can be attributed to the widespread use of sensors in various robots. Cameras are expected to grow significantly in the upcoming years, owing to the increasing demand for cameras to monitor various activities of robots.
Based on application, the global military robotics market includes firing, pick and place, Warfield operations, metal/mine detections, image capturing and surveillance, and others. Metal/mine detections held a major market share in 2023, due to the increasing casualties of troops during wars. Warfield operations are expected to grow substantially in the future, owing to the increasing demand for battlefield operations and border surveillance.
By end-users, the global military robotics market is bifurcated into armed forces and homeland securities. Armed forces held a major market share in 2023, due to the increasing demand for military robotics by armed forces to perform combat operations.
North America held a major share of the global military robotics market in 2023, due to the rising number of technological advancements and increasing incidences of armed conflicts or war against terrorism. Furthermore, the presence of major manufacturers and end-users of military robots, due to the threat faced by the country and its participation in the war against terrorism in countries like Afghanistan, Syria, Iraq, etc., is also expected to drive the North American military robotics market in the upcoming years. Asia Pacific's military robotics market is anticipated to show the highest CAGR over the forecast time period, owing to the increased spending in the defense sector by developing countries in the region.
Some key players operating in the global military robotics market include BAE Systems, Israel Aerospace Industries, Northrop Grumman, Thales Group, Lockheed Martin, General Dynamics, SAAB, Turkish Aerospace Industries, Endeavor Robotics, QinetiQ Group, and Roboteam.
This report segments the global military robotics market into:
Global Military Robotics Market: Type Analysis
Global Military Robotics Market: Payload Analysis
Global Military Robotics Market: Application Analysis
Global Military Robotics Market: End-User Analysis
Global Military Robotics Market: Regional Analysis
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