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Military Robots Market Size

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

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Military Robots Market Size

Military Robots Market size 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. The increasing need for automation and autonomy in modern warfare is driving the market. Military robots can perform a wide range of tasks, from reconnaissance and surveillance to bomb disposal and combat, reducing the risks to human soldiers and improving mission success rates. The growing emphasis on minimizing casualties and the need for advanced technology to gain a strategic advantage on the battlefield are boosting the demand for these robots.

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The military robots market refers to the global industry involved in the development, production, and deployment of autonomous or remotely controlled robotic systems designed for military & defense applications. These robots play a crucial role in enhancing the effectiveness and safety of military operations.

Military Robots Market Report Attributes
Report Attribute	Details
Base Year:	2022
Military Robots Market Size in 2022:	USD 13.4 Billion
Forecast Period:	2022 to 2032
Forecast Period 2022 to 2032 CAGR:	8.5%
2032 Value Projection:	USD 30 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	530
Segments covered:	Mode of operation, platform, application, and region
Growth Drivers:	Enhanced situational awareness Advancements in autonomy and Artificial Intelligence (AI) Increasing focus on urban warfare and dealing with asymmetric threats Ongoing technological advancements
Pitfalls & Challenges:	Ethical and legal concerns Initial investments and maintenance expenses

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Ethical and legal concerns represent a significant restraint in the military robots industry. Debates and regulations about the responsible use of autonomous weapons, adherence to international laws and norms, and accountability for robot actions have slowed down the wide deployment of military robots.

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.