Military Robots Market Size, Growth, Analysis, Outlook By 2021 - Trends, Opportunities and Forecast To 2027
A detailed analysis of the military robots market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.
As the economies around the world are focusing on bolstering their defense and military operations on account of rising cross border conflicts and geo-political tensions, demand for top-notch military solutions is enormously increasing. This has instigated the adoption of military robotic systems owing to their ability to provide advanced combat services for defense and homeland security. Considering the significance of these robots for defense applications, military robots market is estimated to witness a meritorious growth over the ensuing years.
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Land-based military robots had held a substantial share in the overall market during 2020 and is expected to grow exponentially over the upcoming years. This can be credited to emerging technological competencies in military and defense forces. For example, the Unmanned Ground Vehicles (UGVs) that are a combination of advanced computer technology, processors and AI are majorly used for performing military operations in place of human soldiers in chemical, biological and hazardous environments.
With increasing focus on developing military robots in Asia Pacific especially in India and China, the region is estimated to register a steady growth over the following years. This can be credited to rising defense budgets in these countries along with the urge to enhance security due to growing cross-border conflicts. In addition, the governing bodies are extending partnership with various prominent players which is driving the industry growth further. Quoting an instance, in 2019, the U.S. government announced partnership with Government of India for developing and deploying small air-launch UAVs for defense operations.
The recent COVID-19 crisis has slowed down the industrial operations and reduced the development opportunities. in the field of robotics. As a result, various economies across the world have reduced the funding towards the defense industry and have increased investment in healthcare services. In 2021, various government organizations are expected to concentrate on manufacturing and deploying indigenously developed unmanned aerial, naval and ground systems for reducing dependencies on foreign companies. This is expected to stabilize the market growth for some time. However, with situation going back to normalcy and operations getting restored the industry will grow significantly over the ensuing years.
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As various industry players across North America are inclined on partnering with government authorities for providing homeland and border security, demand for military robust is significantly increasing in the region. For instance, in 2019, FLIR systems stated that the heavy common ground robot of the U.S. Army has reached its full-rate production within a year of awarding the production contract to the company. Besides, global players in the region are focusing on developing semi-automated or AI-based automated unmanned systems for military applications like combat and search & rescue support. This is favoring the business growth in the region further.
Besides, key players operating in the military robots market such as Lockheed Martin Corporation, BAE Systems, Leonardo S.p.A., FLIR Systems, Inc., Northrop Grumman Corporation, IAI, Boeing, Kratos Defense & Security Solutions, Inc., etc. are also focusing on strategic mergers, collaborations and new product development to gain strong foothold in the market. For instance, in 2021, FLIR Systems, Inc. received another USD 30.1 million contract from the United States Army for continuing sustainment support for Man Transportable Robotic System Increment II as well as Common Robotic System-Heavy ground robot programs.
Major Key Points from Table of Content:
Chapter 5 Military Robots Market, By Platform (Revenue & Shipment)
5.1 Key trends by platform
5.2 Aerial
5.2.1 Military robots market estimates and forecast, 2016 – 2027
5.3 Naval
5.3.1 Military robots market estimates and forecast, 2016 – 2027
5.4 Land-based
5.4.1 Market estimates and forecast, 2016 – 2027
Chapter 6 Military Robots Market, By Mode of Operation (Revenue & Shipment)
6.1 Key trends by mode of operation
6.2 Automated
6.2.1 Military robots market estimates and forecast, 2016 – 2027
6.3 Human-operated
6.3.1 Market estimates and forecast, 2016 – 2027
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