The autonomous military weapons market consists of sales of autonomous military weapons, which when activated, search, detect, evaluate the threat, track and attack enemy targets and work based on sophisticated algorithms without further intervention by a human operator.
The global autonomous military weapons market is expected to decline from $11.51 billion in 2019 to $10.97 billion in 2020 at a compound annual growth rate (CAGR) of -4.69%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to reach $10.09 billion in 2023 at CAGR of -2.75%.
