Rapid Investments & Initiatives on Military Robotics Systems Market
- The global military robots market is expected to reach USD 28 billion by 2026, registering a CAGR of 7.68% during the forecast period (2021-2026)
- Based on segmentation by platform, the land segment is expected to show the fastest growth (CAGR 13.1%) during the forecast period.
- By geography, the Asia-Pacific region is projected to witness the highest CAGR of 8.6% during the forecast period.
Read our related report on: Military Aircraft Market
How are the Global Investments Driving Military Robotics Systems Market?
- The Marine Group 5 UAS program worth USD 233.69 million to procure six MQ-9A Reaper Extended Range (ER) vehicles and supporting technologies. USD 16.88 million has also been requested for the RDT&E of this platform.
- Navy’s MQ-25 RDT&E program - USD 222.37 million - initial flights of an Engineering Development Model (EDM) controlled by the Unmanned Carrier Aviation (UCA) Mission Control System (UMCS) and the production and flight testing of the three remaining Engineering Development Models (EDMs) as well as continued development of the Ground Control Stations (GCS) software and hardware required for ship and shore installations.
- MQ-4C Triton - USD 160.15 million - for support costs such as training equipment, ground support equipment, and the progression to Baseline Early Operational Capability. However, in last year’s request, the FY 2023 funding was expected to reach USD 624.87 million, and the cost to complete procurement of the MQ-4C was estimated to be about USD 6.45 billion.
- Aerial Target Systems - USD 150.34 million - includes the procurement of 45 BQM-177A Subsonic Aerial Targets (SSATs), 14 GQM-163A Supersonic Sea Skimming Targets, and avionics upgrade kits for a range of target platforms.
Also read our associated report on: Military Exoskeleton Market
Progressions in Military Robotics Systems Market
Northrop Grumann Corporation:
In June 2021, Northrop Grumman completed the successful first flight of Japan’s Second RQ-4B Global Hawk. On the heels of the successful first flight of Japan’s RQ-4B Global Hawk in early April, Northrop Grumman Corporation recently completed additional successful flights for the second unmanned air vehicle (UAV) for Japan.
General Dynamics Corporation:
In June 2021, The US Navy has awarded a contract worth USD 72.8m to General Dynamics Mission Systems to retrofit five of the Block 0 Knifefish surface mine countermeasure unmanned underwater vehicle (SMCM UUV) systems. These systems consist of 10 Knifefish SMCM vehicles.
In June 2021, British Navy used Puma drones to support the landing operations of the Royal Marines Commando.
Elibit Systems Ltd
In March 2021, Elbit Systems announced today that it was awarded an approximately $300 million contract by a country in Asia to provide HermesTM 900 Unmanned Aircraft Systems (“UAS”). The contract will be performed over a period of five years.
Israel Aerospace Industries Ltd
In March 2021, KAI and IAI entered a collaboration agreement for Manned & Unmanned Teaming Systems. Korea Aerospace Industries (KAI) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understandings (MOU) for collaboration in which the companies will offer the Republic of Korea (ROK) military forces with unmanned Loitering Munitions systems. As part of the MOU, KAI and IAI are aiming to expand their long cooperation to market the loitering munitions to ROK Army requirements.