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Military Robots Market Share

Report ID: GMI2110
Published Date: Oct 2023
Report Format: PDF

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Military Robots Market Share

The military robots market is highly competitive owing to the presence of key players such as

BAE Systems
General Dynamics.
Lockheed Martin
Northrop Grumman Corporation
Thales Group

Increasing investments in facility centers & acquisitions by industry participants are expected to expand their foothold in the commercial industry. Similarly, significant spending on R&D to gain technological competitiveness and aggressive business strategies, such as technology launches, collaborations, and long-term agreements, to capture market share are positively impacting the global market growth.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for military robots was valued at USD 13.4 billion in 2022 and is anticipated to grow at a CAGR of over 8.5% between 2023 and 2032, favored by the increasing need for automation and autonomy in modern warfare.

The Intelligence, Surveillance, and Reconnaissance (ISR) segment is growing owing to advancements in sensor technology, enabling military robots to collect, process, and transmit critical information in real time.

Europe market for military robots will record strong CAGR through 2032 as European countries are actively investing in the development and deployment of advanced military robots, which are equipped with cutting-edge technologies, such as AI, ML, sensor systems, and autonomous navigation.

BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman Corporation, and Thales Group among others.