The Military Robots Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Military Robots Global Market Report 2024, The military robots market size has grown strongly in recent years. It will grow from $20.39 billion in 2023 to $22.11 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to military modernization, counter-terrorism and asymmetric warfare, safety of human troops, global conflicts.
The military robots market size is expected to see strong growth in the next few years. It will grow to $30.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to autonomous system, swarm robotics, urban warfare, cross-domain integration. Major trends in the forecast period include artificial intelligence, human-robot collaboration, miniaturization and portability, counter-drone technology.
The market growth can be attributed to the increasing adoption of land-based military robots by various countries for border security. Border security robots that are based on hybrid wireless sensor networks were introduced to address concerns about national security. The primary objective of the border patrol robots is to save the lives of security personnel deployed for border surveillance. Border patrol systems that utilize the PIR sensor for human detection and a metal detector for explosive detection can accurately detect border intrusions with minimum human involvement. The system also uses a wireless camera to continuously monitor the border. Based on the fact that autonomous military systems can cut down costs, improve effectiveness, enable more broad military operations, and most importantly, help keep security personnel out of harm, various countries are adopting military robots for border security. The increasing adoption of military robots by various countries, therefore, is expected to drive the military robot market growth.
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The military robots market covered in this report is segmented –
1) By Platform: Land; Marine; Airborne
2) By Payload: Sensors; Cameras; LCD Screens; Weapons; Radar; Others
3) By Application: ISR; Search and Rescue; Combat Support; Transportation; EOD; Mine Clearance; Firefighting
4) By End User: Armed Forces; Homeland Securities
The military robots market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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