The global military robots market is anticipated to grow at a CAGR of 10.5% during the forecast period. The introduction of robotics has transformed the military and defense sector across the globe with smart functionalities. Robotics aid to augment human capabilities for responding to potential threats without harming human soldiers such as neutralizing bombs. The increasing investment in robotics technologies for the military is expected to propel the market growth during the forecast period. According to the National Defense Industrial Association, the army is ramping up investments in robotic systems that could keep troops out of harm’s way and serve as force multipliers on future battlefields. In addition, funding rose from $17 million in the fiscal year 2015 to $379 million requested for 2021.
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Furthermore, the growing demand for underwater drones across the globe for various applications such as defense and security is a key factor pushing players to launch innovative products and expand their product line to cater to the customer’s needs. For instance, in May 2022, Larsen & Toubro launched a new range of submarine drones to meet Indian Navy requirements. Submarine-launched unmanned aerial vehicles (UAVs) are a relatively new concept with few nations across the globe having the capability to operate such systems. They are also a complex design and development project given that the drone will need to navigate through water before taking to the air for flight. Moreover, in June 2022, Israeli company Spear launched a new drone that launches from a submarine and loiters providing surveillance. A company stated the drone is designed for undetectable, underwater launch and uses an “autonomous” artificial intelligence-based system. The company also said the drone can also be embedded with point-to-multipoint networking, meaning after the submarine releases the UAV, the aerial system can communicate with forces operating nearby.
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Market Coverage
- Segment Covered-
o By Type
o By Mode of Operation
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including AeroVironment, Inc., BAE Systems Plc, Boston Dynamics, Inc., Clearpath Robotics Inc., Cobham Ltd., Elbit Systems Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Military Robots Market Report Segment
By Type
- Land
- Marine
- Air-Borne
By Mode of Operation
- Human Operated
- Autonomous
By Application
- Mine Clearance
- Firefighting
- Search & Rescue
- Transportation
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Combat Support
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