Market Size of Asia-Pacific Military Unmanned Vehicles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Military Unmanned Vehicles Market Analysis
The Asia-Pacific military unmanned vehicles market is expected to record a CAGR of 8.5% during the forecast period 2022-2031.
The impact of the COVID-19 pandemic on the Asia-Pacific military unmanned vehicles market was negligible as the investments by countries in the region toward the development and acquisition of new unmanned vehicles for combat and non-combat missions remained unaffected.
Due to the ongoing border tensions and geopolitical issues between neighboring countries in the region, the military expenditure of the countries has increased robustly over the past decade. The growing military spending is fueling the procurement and induction of unmanned systems and maintenance of the fleet of UAVs, UUVs, and UGVs for critical missions to reduce the casualties on the battlefield.
The growing emphasis on indigenous manufacturing of defense equipment in countries like China, India, and South Korea has led to regional players partnering with global players to enhance their local manufacturing of unmanned vehicle systems.
The companies are also investing in the integration of emerging technologies, like artificial intelligence (AI) and machine learning, into unmanned vehicles to introduce autonomous capabilities into existing remotely piloted vehicles and develop new autonomous unmanned vehicles.
