Autonomous Military Weapons Market Size and Forecast 2020-2030: COVID-19 Growth and Change

The Business Research Company offers "Autonomous Military Weapons Market Global Report 2020-30: COVID-19 Growth and Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global autonomous military weapons market is expected to decline from $11.51 billion in 2019 to $10.97 billion in 2020 at a compound annual growth rate (CAGR) of -4.69%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to reach $10.09 billion in 2023 at CAGR of -2.75%.

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The autonomous military weapons market consists of sales of autonomous military weapons, which when activated, search, detect, evaluate the threat, track and attack enemy targets and work based on sophisticated algorithms without further intervention by a human operator. It requires the integration of several core elements like a mobile combat platform such as drone aircraft, ship, or ground vehicle, various types of sensors to scrutinize the surroundings, processing systems to classify objects discovered by the sensors, and algorithms directing the platform to initiate attack when an allowable target is detected. The market consists of revenue generated by the companies manufacturing autonomous military weapons by the sales of these products.

The ability to perform dangerous tasks with precision contributed to the growth of autonomous military weapons market. Autonomy in weapons enables to keep army personnel away from dangerous tasks or any imminent risk to human life. Besides this, increased reaction speed in decision making and eyes on the target will potentially increase accuracy. It has access to larger amount of information, greater accuracy and greater predictability for certain functions freeing humans from dull or repetitive tasks along with permitting access to environments that are inaccessible to remote control technologies. Major countries such as the USA, China and Russia are significantly investing in artificial intelligence (AI) for weapons and are competing for superiority in this segment. For instance, Russia is investing $719 million until 2021 in the AI research and development for weapons. The ability to hit the target without human involvement along with minimizing risk to human life increased the demand for the autonomous military weapons market.

Autonomous Military Weapons Market Segmentation: -
By Type
Missiles
Rockets
Guided Bombs
Target Pods
Others

By Platform
Land
Airborne
Naval

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Few Points From Table Of Content
1. Executive Summary
2. Autonomous Military Weapons Market Characteristics
3. Autonomous Military Weapons Market Size And Growth
4. Autonomous Military Weapons Market Segmentation
5. Autonomous Military Weapons Market Regional And Country Analysis
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25. Autonomous Military Weapons Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Autonomous Military Weapons Market
27. Autonomous Military Weapons Market Trends And Strategies
28. Autonomous Military Weapons Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Autonomous Military Weapons Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Autonomous Military Weapons Market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, STM.

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