Automated Weapon System Market will reach at $23.30 billion in 2032, to Witness Huge Growth by 2029 -BAE Systems, Saab AB, Israel Aerospace Industries, Northrop Grumman, General Dynamics Corporation, Lockheed Martin Corporation, Aerovironment, Boston Dyna

The global autonomous military weapons market is expected grow from $ 12.14 billion in 2021 to $23.30 billion in 2032 at a compound annual growth rate (CAGR) of 11.4%. 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 $ 29.75 billion in 2032 at a CAGR of 10.4%.

The main types of autonomous military weapons are autonomous and semi-autonomous. Autonomous weapons are the weapons that choose and engage targets without the need for human involvement. The different products include missiles, rockets, guided bombs, target pods, others and involve various platforms such as land, airborne, naval.

Key Players Mentioned in the Automated Weapon System Market Research Report: BAE Systems, Saab AB, Israel Aerospace Industries, Northrop Grumman, General Dynamics Corporation, Lockheed Martin Corporation, Aerovironment, Boston Dynamics, Thales Group

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Asia Pacific was the largest region in autonomous military weapons market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The ability to perform dangerous tasks with precision contributed to the growth of the 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 a 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 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.

Automated Weapon System Market

Radar-guided, Homing Missiles, Stationary Sentry Guns, Combat Drone.

Application as below

Airborne, Naval, Ground Based

The global market for Automated Weapon System is segmented on the basis of product, type. All of these segments have been studied individually. The detailed investigation allows assessment of the factors influencing the Automated Weapon System Market. Experts have analyzed the nature of development, investments in research and development, changing consumption patterns, and growing number of applications. In addition, analysts have also evaluated the changing economics around the Automated Weapon System Market that are likely affect its course.

The regional analysis section of the report allows players to concentrate on high-growth regions and countries that could help them to expand their presence in the Automated Weapon System market. Apart from extending their footprint in the Automated Weapon System market, the regional analysis helps players to increase their sales while having a better understanding of customer behavior in specific regions and countries. The report provides CAGR, revenue, production, consumption, and other important statistics and figures related to the global as well as regional markets. It shows how different type, application, and regional segments are progressing in the Automated Weapon System market in terms of growth.

Automated Weapon System Market Report Scope

ESTIMATED YEAR 2022

BASE YEAR 2021

FORECAST YEAR 2029

HISTORICAL YEAR 2020

UNIT Value (USD Million/Billion)

The Automated Weapon System report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)
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Key questions answered in the report:

Which are the five top players of the Automated Weapon System market?
How will the Automated Weapon System market change in the next five years?
Which product and application will take a lion's share of the Automated Weapon System market?
What are the drivers and restraints of the Automated Weapon System market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Automated Weapon System market throughout the forecast period?
Note - To provide a more accurate market forecast, all our reports will be updated prior to delivery considering the impact of COVID-19.

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