According to IMARC Group’s latest report, titled “Military Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global military robots market grew at a CAGR of around 12% during 2014-2019 and is expanding at a CAGR of more than 10% by 2025.
Military robot is a human-operated or automated mechanical device used to perform Intelligence, Surveillance and Reconnaissance (ISR) activities on land, water and air. These robots are specifically designed for military functions and are equipped with sensors, video and thermal cameras, microphones, two-way radios, GPS, Light Detection and Ranging (LIDAR) systems, and fiber optics tethers to transform, receive and forward information to various endpoints. They are also used for numerous operations, including search and rescue, combat support, transportation, mine clearance, firefighting, etc.
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The growing number of terrorist activities, along with the increasing adoption of automation trends in the military sector is primarily driving the military robots market. Additionally, the escalating need for efficient military robots that can be employed in life-threatening situations to minimize the casualties of soldiers is further propelling the demand for military robots. Several technological advancements in robotics and automation technology, coupled with the integration of artificial intelligence (AI), have enabled the production of military robots with advanced monitoring, targeting, and information gathering features. Furthermore, the rising investments by several government bodies to improve and equip air, marine and land forces with high-end security solutions are also bolstering the market growth.
Competitive Landscape With Key Players:
The competitive landscape of the military robots market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bae Systems
- Saab AB
- Boston Dynamics
- Lockheed Martin Corporation
- Endeavor Robotics (iRobot)
- General Dynamics Corporation
- Cobham Plc
- Elbit Systems Ltd.
- Northrop Grumman Corporation
Key Market Segmentation:
The report has segmented the global military robots market on the basis of platform, application, mode of operation and region.
Breakup by Platform:
- Land Robots
- Marine Robots
- Unmanned Surface Vehicles (USVs)
- Autonomous Underwater Vehicles (AUVs)
- Remotely Operated Underwater Vehicles (ROVs)
- Airborne Robots
- Small UAV
- Strategic UAV
- Tactical UAV
- Unmanned Combat Aerial Vehicle (UCAV)
Breakup by Application:
- Intelligence, Surveillance and Reconnaissance (ISR)
- Search and Rescue
- Combat Support
- Mine clearance
Breakup by Mode of Operation:
- Human Operated
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Industry Trends
- Market Drivers and Success Factors
- Structure of the Global Market
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
- The Impact of COVID-19 on the Global Market
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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