military robots market

Military Robots Market2020 - 2027

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The global military robots market is projected to beworth USD 52.16 Million by 2027, according to acurrent analysis by Emergen Research.

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The global military robots market is projected to be worth USD 52.16 Million by 2027, according to a current analysis by

Emergen Research. The military robots market observes rapid growth attributed to its increasing demand in intelligence,

surveillance, and reconnaissance (ISR) in the military & defense sector. The number of war field casualties’ may be

considerably reduced by deploying surveillance and reconnaissance robots to fetch the area layout and associated hostile

elements. Robots possess the ability to endure harsh terrain, triangulate enemy sites, sense toxic atmospheres, remotely

detonate & defuse bombs, and accomplish numerous other missions that may be perilous to humans.

An increased defense budget is a significant factor in fueling the market growth. The overall military expenditure, in 2019,

has risen to about USD 11.92 trillion, a change of 3.6% from 2018, and the highest annual spending increase since 2010. In

the US, in 2019, military spending rose by 5.3% to an overall USD 732.00 billion, which is equivalent to 38.0% of worldwide

military spending. The US Department of Defense (DoDs) appropriated USD 6.00 billion for ISR operation.

Key players in the market Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Cobham PLC, BAE Systems, Qinetiq, General Dynamics Corporation, Northrop Grumman Corporation, and Israel Aerospace Industries Ltd., among others.

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Market Summary

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Some Key Highlights From the Report

1. In February 2019, Endeavor Robotics was bought by FLIR Systems for worth USD 385.0 million. The deal is intended to strengthen the growing unmanned systems business of FLIR to cater to the US military’s robot deployment plan.

2. Land robots are likely to grow at the fastest rate in the forecast period. It assists soldiers in locating the patrolling or ambushing enemies, thereby saving lives. UAVs enable troops to explore suspected bombs. These robots find widespread deployment by armed services for usages such as battles, EOD, and firefighting.

3. Military robots deployed for transportation improve logistics efficiency and similarly aid movement of soldiers. Military robots assist soldiers in conveying battlefield materials alike assist in picking up causalities.

4. Europe is projected to grow at the fastest rate in the forecast period attributed to the growing deployment of military robots owing to increasing advancement and deployment of technologies by the European nations comprising Germany, the UK, and France in the defense sector.

Market Summary

Emergen Research has segmented the global Pectin on the basis of product type, form type, end user and region:

Platform Outlook (Revenue, USD Billion; 2017-2027)Land

WheeledLeggedTrackedWearable

AirborneUnmanned Aerial Vehicle (UAV)Unmanned Combat Aerial Vehicle (UCAV)

NavalUnmanned Surface Vehicles (USVs)Autonomous Underwater Vehicles (AUVs)Remotely Operated Underwater Vehicles (ROVs)

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Market Summary

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Emergen Research has segmented the global Pectin on the basis of product type, form type, end user and region:

Operation Mode Outlook (Revenue, USD Billion; 2017-2027)Human-ControlledAutonomous

Application Outlook (Revenue, USD Billion; 2017-2027)Intelligence, Surveillance, and Reconnaissance (ISR)Combat SupportSearch and RescueTransportationExplosive Ordnance Disposal (EOD)Mine ClearanceFirefighting

Market Summary

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MARKET

SEGMENTATION

Parameter Details

Market Size Estimation Period 2020-2028

Base Year Considered 2020

Historical Data 2017-2019

Forecast Period 2021-2028

Quantitative Units Revenue in USD million & CAGR from 2020 to 2028

Segments Covered Types, Application, End-Users, Regions & more.

Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil

Report CoverageRevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Customization Scope 10 hours of free customization & expert consultation

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Regional Share Dynamics

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