PUBLISHER: Orion Market Research | PRODUCT CODE: 1215724
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215724
Title:Global Military Robots Market Size, Share & Trends Analysis Report by Type (Land, Marine, and Air-Borne), By Mode of Operation (Human Operated and Autonomous), and By Application (Mine Clearance, Firefighting, Search & Rescue, Transportation, Intelligence, Surveillance and Reconnaissance, Combat Support, Explosive Ordnance Disposal, and Others) Forecast Period (2022-2028).
The global military robots market is anticipated to grow at a CAGR of 10.5 % during the forecast period. Explosive ordnance disposal (EOD) robots are gaining popularity in identifying and disarming risky traps and improvising explosive objects, and fireworks. EOD robots can be integrated into bomb detection systems in closed areas, vehicles, or building complexes. Thus propelling the various organization to adopt strategic initiatives such as agreements and partnerships to deploy EOD robots, which is the major factor driving the market growth. For instance, in September 2021, L3Harris Technologies has been contracted to provide T7 robots to replace the US Air Force's (USAF) existing explosive ordnance disposal (EOD) system. The T7 is setting the new standard for large EOD robots and has received outstanding technical and usability ratings from the air force.
The global military robots market is segmented based on the type, mode of operation, and application. Based on the type, the market is segmented into land, marine, and airborne. Based on the mode of operation, the market is bifurcated into human-operated and autonomous. Based on the application, the market is augmented into mine clearance, firefighting, search & rescue, transportation, intelligence, surveillance and reconnaissance, combat support, explosive ordnance disposal, and others. Among the application, the search and rescue segment is expected to accelerate overall market growth during the forecast period as it supports rescuing human soldiers from emergencies. The implementation of robotics has provided search and rescue robots to search, track, and rescue soldiers from multiple different environments such as chemical, nuclear, radiological, and biological. It can be operated from a command center to rescue soldiers from battlefields without confronting any more risk.
Geographically, the global military robots market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to hold a considerable share of the market during the forecast period. Developing countries such as India, China, and Japan are manufacturing robots to nurture and create robotics businesses. The All India Robotics Association (AIRA), a Hyderabad-based trade body of the robotics industry in India, has announced the launch of the manufacture of indigenously built defense robots, in January 2022.
The major companies serving the global military robots market include AeroVironment, Inc., BAE Systems Plc, Boston Dynamics, Inc., Clearpath Robotics Inc., Cobham Ltd., Elbit Systems Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, General Atomics unveiled a new drone that can carry 16 Hellfire missiles and take off from a dirt road or even an aircraft carrier.
Research Methodology
The market study of the global military robots market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: