The global military robots market size is expected grow from $16.88 billion in 2021 to $18.80 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The military robot market is expected to reach $26.18 billion in 2026 at a CAGR of 8.6%.
What is the Global Military Robots Market?
The global military robots market consists of sales of robots designed for military applications. The market consists of revenue generated by the establishments by the sales of remotely controlled military robots that are designed for tasks such as transport, search, rescue, gunfire/attack, airborne and underwater surveillance, image capturing, bomb disposal, carry wounded military personnel, and detect mines.
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What drives the Global Military Robots Market?
The market growth can be attributed to the increasing adoption of land-based military robots by various countries for border security. Border security robots that are based on hybrid wireless sensor networks were introduced to address concerns about national security. The primary objective of the border patrol robots is to save the lives of security personnel deployed for border surveillance. Border patrol systems that utilize the PIR sensor for human detection and a metal detector for explosive detection, can accurately detect the border intrusion with minimum human involvement. The system also uses a wireless camera to continuously monitor the border. Based on the fact that autonomous military systems can cut down costs, improve effectiveness, enable more broad military operations, and importantly help keep security personnel out of harm, various countries are adopting military robots for border security. The increasing adoption of military robots by various countries, therefore, is expected to drive the military robot market growth.
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https://www.thebusinessresearchcompany.com/report/military-robots-global-market-reportGlobal Military Robots Market Segments
The global military robots market is segmented:
By Platform: Land, Marine, Airborne
By Application: ISR, Search and Rescue, Combat Support, Transportation, EOD, Mine Clearance, Firefighting
By Payload: Sensors, Cameras, LCD Screens, Weapons, Radar, Others
By End-User: Armed Forces, Homeland Securities
By Geography: The regions covered in the military robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Military Robots Global Market Report 2022provides market size and growth forecasts for the global military robots market, global military robots market share, military robots market segments and geographies, military robots market competitive landscape including leading competitors’ revenues, profiles and market shares. The military robots market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Military Robots Industry Playersinclude Lockheed Marin Corporation, Northrup Grumman Corporation, General Dynamics Corporation, BAE Systems, Aerovironment, Inc, Irobot, Boston Dynamics, Thales Group, Elbit Systems Ltd, and Turkish Aerospace Industries Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.