published Date SEP 2018

Military Robot Market is expected to reach USD 20 Billion by 2023 | CAGR of 10%

Growing military expenditure on autonomous systems, improvement in ISR and target acquisition through utilization of robots, and adoption of UAVs and UGVs are some of the factors driving the military robot market globally.

August 9th, 2018: The military robot market is expected to reach over USD 20 billion by 2023, as per a new report published by Mordor Intelligence, LLP. The market is expected to grow mainly due to growing adoption of autonomous systems for military operations globally.

Remote controlled robots or autonomous robots built for military operations like search and rescue, surveillance, and transportation are known as military robots. The military robots are sophisticated and technologically advanced and use technologies such as LIDAR, GPS, and fiber optics tether.

In recent years, aerial drones have gained significant popularity in the defense sector. In order to further enhance and increase the capabilities of a military drone, several nations are investing and enhancing their R&D facilities. Military drones are becoming a vital part of each country’s defense forces. Drones are highly beneficial when it comes to disarming bombs, situational awareness, and provide aid to soldiers on the battleground. These robots are programmed depending on their tasks. Also, the land-based robots can perform tasks similar to humans which has increased the interest among defense forces across the globe as they can be deployed in critical situations to protect human life. This factor is poised to propel the market for military robots in the coming years.

The US military is anticipated to have more robot soldiers than human soldiers by 2025. The US is also rapidly expanding and modernizing its weapons and combat ground and aerial vehicles to gain a military edge over Russia and China. The US, Russia, China, India, Israel and few countries in Europe have all entered into the race to develop advanced robot soldiers, and AI-based unmanned ground, sea and airborne vehicles which have resulted in an increase in military spending over the past few years. For instance, as of June 2018, WASP, a lightweight, robust, low altitude remote-controlled Unmanned Aerial System is used by the US for surveillance and reconnaissance and is manufactured by AeroVironment, Inc. and the Defence Advanced Research Projects Agency (DARPA). Other than ISR missions, these advanced robots are being used for search and rescue operations, combat support, mine clearance, firefighting and to disarm traps, fireworks, improvised explosive devices, and other dangerous objects in closed areas, buildings, and vehicles.

To know more about the coverage of the Military Robot Market report, click the below link:

 https://www.mordorintelligence.com/industry-reports/military-robot-market

Key Insights from the Military Robot Market Report:

  • North America dominates the military robot market in 2017 and accounts for a market share of more than 40%.
  • Asia-Pacific and Middle-East region is expected to open several opportunities for market players over the forecast period.
  • Major players in the market include Northrop Grumman Corporation, Lockheed Martin Corporation, ENDEAVOR ROBOTICS, General Dynamics Corporation, and Israel Aerospace Industries Ltd. among others.

Mordor Intelligence, LLP has segmented the military robot market based on platform, mode of operation and regional coverage.

Military Robot Market by Platform

  • Land
  • Marine
  • Airborne

Military Robot Market by Mode of Operation

  • Human Operated
  • Autonomous

Military Robot Market by Region

North America

  • United States
  • Canada

Europe       

  • United Kingdom
  • Germany
  • France
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific

South America      

  • Brazil
  • Rest of South America

The Middle East and Africa      

  • UAE
  • Saudi Arabia
  • Israel
  • Rest of Middle East & Africa

Get a free overview on Military Robot Market Report (2018-2023)

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