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The military robots market is projected to grow by USD 8.19 billion with a CAGR of 8.15% during the forecast period 2021 to 2026.
This military robots market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers military robots market segmentation by product (airborne military robots, naval military robots, and land-based military robots) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The military robots market report also offers information on several market vendors, including AeroVironment Inc., Applied Research Associates Inc., BAE Systems Plc, Bayonet Ocean Vehicles, Cobham Ltd., Ekso Bionics Holdings Inc., Elbit Systems Ltd., General Dynamics Corp., General Robotics Ltd., Israel Aerospace Industries Ltd, L3Harris Technologies Inc., Lockheed Martin Corp., Milanion Ltd, M-Tecks Robotics, Northrop Grumman Corp., QinetiQ Ltd., Robo-Team Defense Ltd., Saab AB, Teledyne Technologies Inc., and Thales Group among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the military robots market. During the COVID-19 pandemic, the military robots market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Military Robots Market Driver
The strengthening of border surveillance and patrolling is one of the key factors driving the military robots market growth. Vendors such as Elbit Systems, BAE Systems, and Saab offer border surveillance and patrolling products. For instance, Elbit Systems offers Border Surveillance System (BSS), which provides real-time regional surveillance, early warning, and targeting and border-patrol mission management. These vendors continued to develop new products in 2020, despite the challenges encountered due to the outbreak of the COVID-19 pandemic globally. Therefore, such developments and the strengthening of border surveillance and patrolling systems will drive the growth of the market during the forecast period.
Key Military Robots Market Trend
The development of multi-mission robots is one of the key military robots market trends fueling the market growth. Military robots are increasingly designed to carry out multiple missions. Advances in technology and the miniaturization of electronic components have facilitated the operational flexibility of robots. Unlike humans, robots do not suffer physical and mental exhaustion. They are designed for greater endurance, including from the impact of bombs and weapons. Present-day robots are thus equipped with mission-specific modules and munitions to carry out a variety of tasks. A few of the major players in the market in focus have recently launched new multi-mission robots in the defense sector. For instance, in October 2020, General Dynamics launched Tracked Robot 10-Ton, or TRX, a new medium-class robotic combat vehicle. Therefore, the development of such robots will enhance the growth of the market during the forecast period.
Key Military Robots Market Challenge
Increased skepticism toward automated weapons systems is one of the key factors challenging the military robots market growth. All modern-day robots are not fully autonomous and require a considerable degree of human intervention to carry out their tasks. Advances in AI and related domains are enabling robots to mimic human actions, and manufacturers have been seeking ways to empower robots with decision-making skills. However, this has raised concerns about safety and accountability. If armed robots are developed to be fully autonomous, the risks of malfunction pose a serious threat to people. The concept of machine learning also raises questions about the decision-making abilities of robots, as they may not be foolproof. Thus, deploying fully autonomous armed military robots is a challenge and has become a much-debated topic.
This military robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global military robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the military robots market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the military robots market encompasses successful business strategies deployed by the key vendors. The military robots market is fragmented, and the vendors are deploying growth strategies such as contract acquisitions, product and aftermarket service quality, reliability, and cost to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the military robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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36% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for military robots market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Covert intelligence gathering will facilitate the military robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 had a positive impact on the regional market. Moreover, in the first half of 2021, lockdowns were removed due to the initiation of vaccination programs in North America, which resulted in the resumption of production activities and the restoration of supply chains for military robots. Hence, the regional demand for military robots is expected to grow during the forecast period.
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The military robots market share growth in the airborne military robots segment will be significant during the forecast period. For instance, the Bug is a lightweight and heavy-duty drone that can operate in uncompromising weather conditions and can be used as a datahub and listening device on a battlefield. In October 2020, Thales Group announced the launch of AirMaster C, the latest airborne surveillance radar, which has a 30% lower size, weight, and power than the other radars in its class. Such new product launches will drive market growth in the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the military robots market size and actionable market insights on the post-COVID-19 impact on each segment.
Military Robots Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.15% |
Market growth 2022-2026 |
$8.19 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.86 |
Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, China, India, Russia, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
AeroVironment Inc., Applied Research Associates Inc., BAE Systems Plc, Bayonet Ocean Vehicles, Cobham Ltd., Ekso Bionics Holdings Inc., Elbit Systems Ltd., General Dynamics Corp., General Robotics Ltd., Israel Aerospace Industries Ltd, L3Harris Technologies Inc., Lockheed Martin Corp., Milanion Ltd, M-Tecks Robotics, Northrop Grumman Corp., QinetiQ Ltd., Robo-Team Defense Ltd., Saab AB, Teledyne Technologies Inc., and Thales Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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