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Home » Reports » Military Robots Market By Platform Airborne Land Based Naval By Payload Sensor Radar Camera Video Screens Weapons Others By Application Intelligence Surveillance And Reconnaissance Isr Pick N Place Firefighting Rescue And Search Explosive Ordnance Disposal And Others Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Military Robots Market By Platform (Airborne, Land-Based, Naval); By Payload (Sensor, Radar, Camera, Video Screens, Weapons, Others); By Application (Intelligence, Surveillance and Reconnaissance (ISR), Pick n Place, Firefighting, Rescue and Search, Explosive Ordnance Disposal and Others) - Global Demand Analysis & Opportunity Outlook 2024

Published On : 02:41 AM, 17th July, 2018 REP-ID-396 Category: ICT & Electronics

Military Robots Market Overview

Military robots are autonomous robots or remote control mobile robots especially designed for military applications, search operation, rescue operation and even for attack. These robots are operated by soldiers and are programmed to perform according to the given instruction. They have been proved as an essential tool for military operations. Military robots can perform those operations which are impossible for a soldier. These robots are highly advanced and are able to transform, receive and forward information. Some military robots are equipped with arms and weapons for attack application.

Market Size & Forecast

Global military robots market is anticipated to flourish at a robust compound annual growth rate (CAGR) of 9.0% over the forecast period 2017-2024. The global military robot market stood at valuation of around USD 1,300.4 Million in 2016 and is expected to reach at a valuation of about USD 2,571.8 Million by the end of 2024. Increasing terrorist activities across the globe and increasing investment in defense sector are some major factors which are expected to foster the growth of global military robots market. In terms of region, North America is slated to account for a leading share of 38.1% in the terms of revenue by 2024 in the military robots market. The growth in the region is anticipated to be fostered by the increasing military expenditure to strengthen the army. Besides, positive GDP growth coupled with advancement in military robots is also expected to impel the growth of military robots market in the North America region. Likely, U.S. and Canada are the prominent market in the region.

On the other hand, Europe is the second leading market for military robots and is expected to witness a robust growth during the forecast period. The market of military robots in Europe region is anticipated to flourish at highest compound annual growth rate (CAGR) over the forecast period. This growth of Europe region can be attributed to various factors such as rising adoption of robots and humanoids in defense sector and presence of robot industries in the region. Additionally, Asia-Pacific is expected to showcase lucrative growth over the forecast period i.e. 2017-2024. Further, the market is expected to garner USD 601.8 Million by 2024.

Market Segmentation

Our-in depth analysis of the global military robots market includes the following segments:

By Platform

  • Airborne
  • Land-Based
  • Naval

By Payload

  • Sensor
  • Radar
  • Camera
  • Video Screens
  • Weapons
  • Others

By Application

  • Intelligence, Surveillance and Reconnaissance (ISR)
  • Pick n Place
  • Firefighting
  • Rescue and Search
  • Explosive Ordnance Disposal
  • Others

By Region

Global military robots market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX, Turkey Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa, South Africa, Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Global military robots market

Growth Drivers & Challenges

Global military robots market is driven by some of the major factors such as increasing investment in defense & military sectors and technological advancement of military robots. Increasing terrorism activities all over the globe is one of the major factors which has forced all nations to strengthen their military and defense sector which is further anticipated to impel the demand for military robots in defense sector. In addition to this, military robots have numerous advantages such as lifesaving, firefighting ability and various other advantages.

Innovation and technology is expected to be unleashed in upcoming years. The adoption of automation technologies and robotics in defense sector is rising to perform various tasks. Further, growing adoption of robotics and automation technology in defense applications is expected to drive the growth of global military robots market in future. Governments of many countries are highly investing in development of advanced technologies such as artificial intelligence (AI) and Nano robotics to increase their promising applications for defense sector. Further, increasing investments by governments to adopt advanced military robots is also anticipated to foster the growth of global military robots market during the forecast period. Although, robots are lifesaving machines in warzone and in other defense applications, but here are chances of capturing and hacking of these military robots. Further, the military robots are yet not that effective and reliable in warzone. Moreover, limitations such as lack of ability to choose target between enemy and civilians is obstructing the use of combat military robots.

Key Players

  • Boston Dynamics
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • General Dynamics Corp.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Thales Group
  • AeroVironment
  • Clearpath Robotics
  • Boeing
  • Energid Technologies
  • Recon Robotics
  • Other Key Players

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global military robots market is segmented as follows:

  • By Platform Market Size & Y-O-Y Growth Analysis
  • By Payload Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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