Military Robots Market Competitive Analysis, Segmentation and Opportunity Assessment; 2017 – 2027
Research Reports
Jan 18, 2021
The global military robots market size was valued at USD 21.14 Billion in 2019 and is forecasted to reach USD 52.16 Billion by 2027 at a CAGR of 11.9%.
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. After 9/11, the ISR operations active in Iraq and Afghanistan emphasized counter-terrorism and counter-insurgency, and the military had the freedom to operate drones unregulated in these nations.
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.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key Highlights From The Report
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.
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.
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.
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.
Key participants include 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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Platform Outlook (Revenue, USD Billion; 2017-2027)
Land
Wheeled
Legged
Tracked
Wearable
Airborne
Unmanned Aerial Vehicle (UAV)
Unmanned Combat Aerial Vehicle (UCAV)
Naval
Unmanned Surface Vehicles (USVs)
Autonomous Underwater Vehicles (AUVs)
Remotely Operated Underwater Vehicles (ROVs)
Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
Human-Controlled
Autonomous
Application Outlook (Revenue, USD Billion; 2017-2027)
Intelligence, Surveillance, and Reconnaissance (ISR)
Combat Support
Search and Rescue
Transportation
Explosive Ordnance Disposal (EOD)
Mine Clearance
Firefighting
Others
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