[298 Pages] The military robot market will exceed $ 34,618.14 million by 2030; Ground-based robot platform to experience growth of 8.8% CAGR; Standalone mode to increase 8.8% CAGR.
PORTLAND, ORAGON, UNITED STATES, September 23, 2021 /EINPresswire.com/ – According to a recent report published by Allied Market Research, titled “Military Robots Market by Application, Mode of Operation, and Platform: Global Opportunity Analysis and Industry Forecast, 2021-2030 ”, the global military robot market was valued at $ 17.55 billion in 2020 and is expected to reach $ 34.61 billion. by 2030, registering a CAGR of 7.4%.
Get a sample report with Industry Insights @
Asia-Pacific dominates the market in terms of revenue, followed by North America, Europe and LAMEA. The United States dominated the global military robot market share in the North America region in 2020, owing to the increase in R&D activities, technological developments of major players, rapid adoption of innovative technologies to manufacture reliable, precise and efficient stand-alone systems. North America is expected to experience significant growth during the forecast period, owing to the increasing adoption of military robots, its huge defense spending, and the presence of major defense equipment manufacturers such as BAE. Systems plc, Northrop Grumman Corporation, Raytheon Technologies Company, et al.
By Application, the market is categorized into Combat Support, Intelligence, Surveillance and Reconnaissance (ISR), Demining, Explosive Ordnance Disposal (EOD), and others. The combat support segment accounted for the highest revenue in 2020, due to the strong demand for a military robot by the defense forces to aid in combat operations around the world.
To get a discount, make a purchase request @
By mode of operation, the military robot market is divided into two categories: human-operated and autonomous. The human-driven segment accounted for the highest revenue in 2020, due to the high demand for human-driven robots, as it involves unmanned functionality and human intelligence capabilities.
By Platform, the military robot market is divided into airborne robots, ground robots, and marine robots. The ground robot segment accounted for the highest revenue in 2020 as they offer high efficiency, lethality and reliability in a combat situation.
Increased investments to develop autonomous systems across the globe and increased demand for underwater drones for defense and security applications are expected to drive the military robot market during the forecast period. However, the high cost of military drones and the communication issues associated with autonomous underwater vehicles (AUVs) are expected to hamper the growth of the market. In addition, increasing investment in robotic technologies in unmanned ground vehicles and increasing defense spending globally are expected to provide lucrative opportunities for the market in the future.
Request to customize this report @
COVID-19 impact assessment
The impact of COVID-19 on the military robot market is unpredictable and is expected to remain in effect until the fourth quarter of 2021.
The COVID-19 outbreak has forced governments around the world to implement strict containment measures and ban the import and export of non-essential items for most of 2020. This has resulted in a decline sudden availability of important raw materials.
Additionally, nationwide shutdowns have forced manufacturing facilities to partially or completely shut down operations.
The negative impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding the development of reliable and innovative autonomous military systems on a global scale.
Main conclusions of the study
By application, the combat support segment is expected to register significant growth during the forecast period.
By mode of operation, the autonomous segment is expected to show significant growth in the future.
By platform, the ground robot segment is expected to dominate the global military robot market, due to a higher CAGR than airborne and marine robots.
By region, Asia-Pacific is expected to register the highest CAGR during the forecast period.
The major players operating in the global military robot market are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Rheinmetall AG, SAAB AB, and Thales Group
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to be successful. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.