The Latest research study released by Absolute Markets Insights Military Robotics Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. In terms of revenue, the military robots market revenue was valued at US$ 17340. 00 Million in 2022 and is expected to grow at a CAGR of 13. 5% during the forecast period of 2022 – 2030. Some of the Major Companies covered in this Research are: Lockheed Martin, Northrop Grumman, BAE Systems, SAAB, Boston Dynamics, Thales Group, General Dynamics, Israel Aerospace Industries, Turkish Aerospace Industries, Endeavor Robotics, IRobot Corporation, QinetiQ Group and Roboteam amongst others.
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Military Robotics Market:
- By Type
- By Payload
- LCD Screens
- By Application
- Warfield operations
- Image Capturing and Surveillance
- Metal/mine detections
- Pick and Place
- By End User
- Armed Forces
- Homeland Securities
- By Geography
- North America
- U. S
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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Military robots are autonomous or mobile-controlled robots that are specifically designed for military applications. Whether its land, marine or air, military robots have always substantiated its effectiveness on the combat-grounds. With the assistance provided by these robots in combat operation, the world is revising its military module by robot genesis. Military Robotics market is currently undergoing groundbreaking progressive advancement, which is changing the nature of the modern-day warfare through its benefaction. With numerous weaponries offered, military robots are turning out to be more efficient and reliable for war based activities.
The heavy artillery airborne drones equipped with sensors and camera offers an irreplaceable power to armies. For instance, Elbit Hermesan, is an Israeli standard size multi-payload unmanned aerial vehicle designed for tactical long endurance military operation. It has an endurance of more than 20 hours, with mission of investigation, surveillance and communications relay across the military troop. With growing demand, it is expected that military organizations are likely to spend 70 billion on drones, owing to the benefits offered by these robots in hazardous and extreme environments.
The military robotics market is primarily driven by various factors that include progression in the payload of the military robots. The advancement in the payload has made the robots more technically advanced and efficient. Advance sensors, cameras and weaponry has made the robots more resourceful during the dark hours. Additionally, terrestrial robots are also becoming a major part of the army. These robots are intended to aid emergency services in search and rescue operations, performing tasks such as shutting off valves, opening doors and operating powered equipment in environments where humans cannot survive. For instance, the Battlefield Extraction-Assist Robot (BEAR) designed by the U. S. army is a terrestrial robot used for extraction of wounded soldiers from the battlefield with no risk to human life. It is used as a powerful hydraulic carrier to carry humans and other heavy objects over long distances and rough terrain such as stairs.
Despite the offerings and assistance offered by the military robots, it is difficult for human soldiers to work alongside robots, which is likely to restrain military robotics market growth. For instance, the U. S. Department of Defense issued a directive to ban development and usage of autonomous and semi-autonomous weapons for 10 years in 2012. However with advancements, the capabilities of the military robots have improved drastically. Mechanical endurance has surpassed human counterparts in war, making response time and calibration on faster targeting, which in turn is improving efficiency. Apart from this, military robots also assist armies during weather calamities where human life might be at risk. It has the ability to serve in case of disasters, where human intended approach is almost impractical.
The military robotics market is expected to gain momentum in Asia Pacific region, followed by Europe and Middle East & Africa. Asia pacific military robotics market is expected to grow at a CAGR of 14. 6% over the forecast period, owing to the fact that the region is enriched with technological solution. Countries like Japan and China are shifting their attention to attain fully automated army which will reduce human casualties. Militaries are focusing on the development of various new military robot technologies that can be helpful for their armies during the war. With increase in demand many research & development companies are investing in the military portfolio.
Military Robotics Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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