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Military Robots Market Huge Growth Opportunities with Latest Trends and Emerging Technology 2027 | what is the key Application of Military Robots?


Military Robots Mark

iCrowdNewswire   Jan 7, 2021  4:57 PM ET

Market Size – USD 21.14 Billion in 2019, Market Growth – CAGR of 11.9%, Market Trends –Increased defense budget

An increase in defence budget is a prominent factor in fuelling the military robots market growth. The overall global military expenditure, in 2019, attributed to a value of USD 11.92 trillion. In the United States, in the same year, military expenditure rose by 5.3% to a value of USD 732.00 billion, which is equal to 38.0% of the global military spending. The U.S. Department of Defence (DoDs) accounted for USD 6.00 billion for ISR operation.

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Market Drivers

The military robots market is expected to account for USD 52.16 Million in 2027. The military robots market witnessed robust growth owing to its rising demand in surveillance, intelligence, and reconnaissance (ISR) in the military & defence industry.

Regional Outlook

On the basis of region, North America witnessed largest market share of over 50% of the military robots market in 2019. North America accounted for the largest market share in 2019 owing to military robot development and deployments like unmanned ground vehicles, unmanned aerial vehicles, and unmanned surface vehicles by the U.S. defence sector. These are currently being utilised for several applications, like border security, crowd monitoring & control, search & rescue operations, and surveillance. The increase in budget allocation and defence expenditure are important to the growth of the market.

Key participants include Endeavor Robotics, Elbit Systems Ltd., Lockheed Martin Corporation, Thales Group, Cobham PLC, BAE Systems, Qinetiq, General Dynamics Corporation, Northrop Grumman Corporation, and Israel Aerospace Industries Ltd., among others.

Military robots deployed for transportation improve logistics efficiency and similarly aid movement of soldiers. Military robots assist soldiers in conveying battlefield materials alike assist in picking up causalities.

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Platform Outlook (Revenue, USD Billion; 2017-2027)

Land

Wheeled

Legged

Tracked

Wearable

Airborne

Unmanned Aerial Vehicle (UAV)

Unmanned Combat Aerial Vehicle (UCAV)

Naval

Unmanned Surface Vehicles (USVs)

Autonomous Underwater Vehicles (AUVs)

Remotely Operated Underwater Vehicles (ROVs)

Operation Mode Outlook (Revenue, USD Billion; 2017-2027)

Human-Controlled

Autonomous

Application Outlook (Revenue, USD Billion; 2017-2027)

Intelligence, Surveillance, and Reconnaissance (ISR)

Combat Support

Search and Rescue

Transportation

Explosive Ordnance Disposal (EOD)

Mine Clearance

Firefighting

Others

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Military Robots Market Segmentation & Impact Analysis

    4.1. Military Robots Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increased defense budget

                    4.2.2.2. The development of multi-mission robots

                    4.2.2.3. Rising deployment in harsh and hazardous environment

                    4.2.2.4. Substitution of robots by human soldiers leading to reduced casualties

          4.2.3. Market restraints analysis

                    4.2.3.1. Strict regulatory norms

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Military Robots Market By Platform Insights & Trends, Revenue (USD Million)

    5.1. Platform Dynamics & Market Share, 2019 & 2027

          5.1.1. Land

                    5.1.1.1. Wheeled

                    5.1.1.2. Legged

                    5.1.1.3. Tracked

                    5.1.1.4. Wearable

          5.1.2. Airborne

                    5.1.2.1. Unmanned Aerial Vehicle (UAV)

                    5.1.2.2. Unmanned Combat Aerial Vehicle (UCAV)

          5.1.3. Naval

                    5.1.3.1. Unmanned Surface Vehicles (USVs)

                    5.1.3.2. Autonomous Underwater Vehicles (AUVs)

                    5.1.3.3. Remotely Operated Underwater Vehicles (ROVs)

Continue…

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Keywords:    Military Robots Market Size, Military Robots Market Segmentations, Military Robots Market Applications, Military Robots Market Types, Military Robots Market Share, Military Robots Market Trends, Military Robots Market Analysis, Military Robots Market Outlook

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