Autonomous Military Weapons Market Size, Status, Regional Analysis and Outlook 2021

The Market Research on the “Global Autonomous Military Weapons Market 2021-2030”, now available with Market Insights Reports, Introduces systematic details in terms of market valuation, market size, revenue estimation, and geographical spectrum of the business vertical. The Autonomous Military Weapons market report offers an overview of top company profiles with the business value and demand status of the industry. The report also helps the user to understand the market in terms of its definition, segmentation, market potential, influential trends, and therefore the challenges that the market is facing.

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Market Overview: -

The global autonomous military weapons market is expected grow from $12.21 billion in 2020 to $13.3 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.31 billion in 2025 at a CAGR of 11%.

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 company’s manufacturing autonomous military weapons by the sales of these products.

The risk posed by autonomous weapons compelled the researchers and designers to decide against manufacturing them, hampering the growth of the market. For instance, in 2018, around 240 organizations involved in artificial intelligence and nearly 3,100 individuals vowed not to be involved in development of autonomous weapon systems. Moreover, in 2017, about 137 CEOs of companies in artificial intelligence urged the UN to ban lethal autonomous weapons. The strong objection from around the world to manufacture autonomous military weapons is a hindrance for the market growth.

Scope: -

Markets Covered: 1) By Type: Autonomous; Semi-autonomous 2) By Product: Missiles; Rockets; Guided Bombs; Target Pods; Others 3) By Platform: Land; Airborne; Naval

Companies Mentioned: Lockheed Martin; Raytheon; AVIC; CASC; Rafael

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

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.

The report has 150+ tables and figures browse the full report description and TOC:

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Autonomous Military Weapons Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Autonomous Military Weapons Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Key Questions Answered in this report:

- What is the growth potential of the Autonomous Military Weapons market?
- Which regional market will emerge as a pioneer in the years to come?
- What growth opportunities might arise in the Autonomous Military Weapons industry in the years to come?
- What are the most significant challenges that the Autonomous Military Weapons market could face in the future?
- Who are the leading companies on the Autonomous Military Weapons market?
- What are the main trends that are positively impacting the growth of the market?
- What growth strategies are the players considering to stay in the Autonomous Military Weapons market?

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides US and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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