Military Robots Global Market Report 2024

“Military Robots Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on military robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for military robots? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The military robots market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Platform: Land; Marine; Airborne
• 2) By Payload: Sensors; Cameras; LCD Screens; Weapons; Radar; Others
• 3) By Application: ISR; Search and Rescue; Combat Support; Transportation; EOD; Mine Clearance; Firefighting
• 4) By End User: Armed Forces; Homeland Securities
• Companies Mentioned: Lockheed Marin Corporation; Northrup Grumman Corporation; General Dynamics Corporation; BAE Systems; Aerovironment Inc
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Military robots are specialized robotic systems designed for various applications within the military context. These robots are remotely controlled and serve a wide range of functions, including transportation, search and rescue, surveillance, combat, and various other tasks.

The primary platforms in military robotics include land, marine, and airborne systems. Unmanned Ground Vehicles (UGVs) are commonly used on land and come in various forms, such as wheeled or tracked robots, as well as legged robots with two or more legs, which can resemble humans or animals. These robots are equipped with different payloads, including sensors, cameras, LCD screens, weapons, radar systems, and more. They find applications in areas such as intelligence, surveillance, reconnaissance (ISR), search and rescue missions, combat support, transportation of goods, explosive ordnance disposal (EOD), mine clearance, and firefighting. The key sectors utilizing military robots are the armed forces and homeland security.

The military robots market research report is one of a series of new reports from The Business Research Company that provides military robots market statistics, including global market size, regional shares, competitors with a military robots market share, detailed military robots market segments, market trends and opportunities, and any further data you may need to thrive in the military robots industry. This military robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The military robots market size has grown strongly in recent years. It will grow from $20.39 billion in 2023 to $22.11 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed during the historic period in the field of military robots can be attributed to several key factors, including military modernization efforts, the need for counter-terrorism and responses to asymmetric warfare, the pursuit of improving the safety of human troops, and the involvement of military robots in addressing global conflicts and security challenges.

The military robots market size is expected to see strong growth in the next few years. It will grow to $30.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The expected growth in the forecast period within the realm of military robots can be attributed to several factors, including the development of autonomous systems, the emergence of swarm robotics, increased relevance in urban warfare scenarios, and the integration of military robots across different domains. Noteworthy trends anticipated during the forecast period encompass advancements in artificial intelligence, enhanced collaboration between humans and robots, the miniaturization and portability of robotic systems, and the development of counter-drone technologies to address evolving threats in the field of military robotics.

The growth of the military robot market can be attributed to the increasing adoption of land-based military robots by various countries for border security. These border security robots, which are based on hybrid wireless sensor networks, were introduced to address concerns about national security. The primary objective of these border patrol robots is to save the lives of security personnel deployed for border surveillance. These systems utilize PIR sensors for human detection and metal detectors for explosive detection, ensuring accurate detection of border intrusions with minimal human involvement. Additionally, they incorporate wireless cameras for continuous border monitoring. Recognizing that autonomous military systems can reduce costs, enhance effectiveness, enable broader military operations, and, most importantly, keep security personnel out of harm's way, numerous countries are adopting military robots for border security. The increasing adoption of military robots by various countries is expected to drive the growth of the military robot market.

The rise in terrorist attacks is anticipated to fuel the growth of the military robot market in the coming years. Terrorist attacks involve violent acts or threats of violence aimed at creating fear and intimidation to achieve political, religious, or ideological goals. These attacks can be carried out by individuals or groups and may target people, property, or infrastructure. Military robots play a crucial role in both preventing and responding to terrorist attacks, helping minimize casualties and damage. They serve various functions, including surveillance and reconnaissance, search and rescue, communication relay, remote engagement, and information gathering, leading to increased demand for military robot adoption. For example, according to ReliefWeb in March 2023, terrorist attacks became more lethal in 2022, resulting in an average of 1.7 fatalities per attack, up from 1.3 deaths per attack in 2021. Therefore, the increasing incidence of terrorist attacks is driving the growth of the military robots market.

The decline in defense budgets in developed economies around the world poses a restraint on the industry. For instance, according to the Stockholm International Peace Research Institute (SIPRI) in April 2022, the global military burden, defined as global military spending as a share of global gross domestic product (GDP), decreased by 0.1 percentage points, from 2.3% in 2020 to 2.24% in 2021, due to a strong economic recovery. US military expenditures totaled $801 billion in 2021, marking a 1.4% decrease from 2020. The cost of the US military also slightly declined from 3.7% of GDP in 2020 to 3.5% in 2021. The decline in defense budgets in certain developed economies worldwide is expected to impede the growth of the military robot market.

Multi-mission robots are designed to perform a wide range of tasks in military operations. Unlike humans, robots do not suffer from physical and mental fatigue. With continuous advancements in electronic component technology and miniaturization, the operational flexibility of robots has significantly increased. They exhibit greater resistance to the impact of bombs and weapons, ensuring enhanced security. Modern robots come equipped with mission-specific capabilities and can carry individual munitions tailored to specific mission requirements. For example, the 710 Kobra is a robust, multi-mission robot designed by iRobot Defense & Security (now Endeavor Robotics Holdings), an American robotics manufacturer. It is intended to enhance the safety and effectiveness of soldiers, first responders, and security personnel.

Major companies operating in the military robots market are adopting a strategic partnership approach to leverage their expertise and resources, share risks and costs, and gain access to new markets. Strategic partnerships involve companies harnessing each other's strengths and resources to achieve mutual benefits and success. For instance, in February 2021, Paramount Group, a South Africa-based aerospace company, entered into a partnership with Sarcos Technology and Robotics Corporation, a US-based developer of robotics and microelectromechanical systems. This strategic partnership is significant as it brings together two leading companies in the development and production of exoskeletons and military robots. It is expected to expedite the development and adoption of these technologies in the Middle East and Africa, potentially impacting various industries and sectors.

In September 2022, Amazon.com Inc., a US-based e-commerce company, acquired Cloostermans for an undisclosed amount. Through this acquisition, Amazon aims to enhance its capabilities in robotics and automation, thereby improving the efficiency and productivity of its warehouse operations. Cloostermans is a Belgium-based manufacturer of mechatronics solutions and military robots.

Major companies operating in the military robots market include Lockheed Marin Corporation, Northrup Grumman Corporation, General Dynamics Corporation, BAE Systems, Aerovironment Inc., Irobot, Boston Dynamics, Thales Group, Turkish Aerospace Industries Inc., QinetiQ, Cobham PLC, Saab AB, Endeavor Robotics, Clearpath Robotics, Boeing, Energid Technologies, Recon Robotics, FLIR Systems Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Baykar, Textron Inc., ECA Group, IAI, Milrem Robotics, Nexter Robotics, Oshkosh Corporation, Rheinmetall AG, Roboteam, RUAG Group, Sarcos Robotics, Shark Robotics, ST Engineering, Telerob, Turkish Aerospace Industries

North America was the largest region in military robots market in 2023. North America is expected to be the fastest growing region in the global military robots market during the forecast period. The regions covered in the military robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the military robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The military robots market consists of sales of military robots such as military transportation robots, search and rescue military robots, firefighting military robots, and mine clearance military robots. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.