Unleashing the Future: The Strategic Landscape of Military Robots Market Dynamics

April 19, 2024

October 26^th,2023/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Military Robots Market.

The Military Robots Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The Global Military Robots Market was estimated at US$ 15.6 Billion in 2021 and is expected to grow at a CAGR of 10.5% during 2022-2028 to reach US$ 26.5 Billion in 2028. Increasing military budgets across the globe have significantly contributed to the growth of military robots in the market.

Segments Analysis

By Application Type

"Intelligence, surveillance, and reconnaissance (ISR) account for the largest market share in 2021"

The market is bifurcated into combat support, explosive ordnance disposal (EOD), firefighting, intelligence, surveillance and reconnaissance (ISR), mine clearance, search and rescue, transportation, and others. Intelligence, surveillance, and reconnaissance (ISR) account for the largest market share in 2021 and will remain the biggest market for military robots in the forecast period.

AUVs, UGVs, USVs, UAVs, and ROVs are widely utilized in ISR applications. Moreover, increasing UAV adoption by the military globally is increasing the demand for military robots is expected to intensify.

By Platform Type

"Land robots account for the largest market share in 2021"

The market is segmented into airborne, land, and marine robots. Land robots account for the largest market share in 2021, increasing the demand for military robots in warfare. Due to the rising demand for land robots in counter-IED operations, warfare platforms are replaced by unmanned systems.

At the same time, marine robots are expected to experience the highest growth during the forecast period. The high growth is mainly attributed to the rising use of marine robots in detection, anti-submarine warfare, mine countermeasures, undersea surveillance, security, and inspection.

Regional Analysis

"North America will likely maintain its supremacy in the market throughout the forecast period"

North America will likely maintain its supremacy in the market throughout the forecast period. The high military investment by the United States government is expected to facilitate the adoption of military robots in the defense sector of the US, which in turn is expected to contribute to the growth of the market in the North American region over the forecast period. Concurrently, Europe is expected to witness the fastest growth in the market during the forecast period.  The key factors responsible for the swift growth are the continuous up-gradation in the European military and defense sector by upgrading warfare platform technologies. Major countries, including the U.K., Germany, and France, are investing a huge amount in the up-gradation and advancement of the military sector by introducing robotics and related platforms in defense.

Request a Sample here:

https://www.stratviewresearch.com/Request-Sample/2913/military-robots-market.html#form

Features of the Report

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Military Robots Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

Contact: Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176

 

Author : Emily