Press release
Military Robots Market Report 2023 - By Future Scope, Research Methodology, Drivers, Regional Insights And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Military Robots Global Market Report 2023 identifies increasing adoption of land-based military robots by various countries for border security as the major driver for the Military Robots market's growth in the forecast period. Border security robots that are based on hybrid wireless sensor networks were introduced to address concerns about national security. The primary objective of the border patrol robots is to save the lives of security personnel deployed for border surveillance. Border patrol systems that utilize the PIR sensor for human detection and a metal detector for explosive detection can accurately detect border intrusions with minimum human involvement.
The global military robots market size will grow from $18.8 billion in 2022 to $20.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military robots market size is expected to grow from $28.42 billion in 2027 at a CAGR of 8.7%.
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Major competitors in the Military Robots market are Lockheed Marin Corporation, Northrup Grumman Corporation, General Dynamics Corporation, BAE Systems, Aerovironment, Inc.
A key trend in the Military Robots market includes multi-mission robots. Unlike humans, robots do not suffer from physical and mental exhaustion. With continuous advances in electronic component technology and miniaturization, the operational flexibility of robots has increased tremendously. They exhibit greater resistance to the impact of bombs and weapons, ensuring greater security. Today's robots are equipped with mission-specific tasks and individual munitions. The payloads that these robots carry may be integrated in line with the mission requirements.
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The Military Robots market is segmented -
• By Platform: Land, Marine, Airborne
• By Application: ISR, Search and Rescue, Combat Support, Transportation, EOD, Mine Clearance, Firefighting
• By Payload: Sensors, Cameras, LCD Screens, Weapons, Radar, Others
• By End User: Armed Forces, Homeland Securities
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Military Robots market.
The Business Research Company's "Global Military Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Military Robots Market Include:
1. Executive Summary
2. Military Robots Market Characteristics
3. Military Robots Market Trends And Strategies
4. Military Robots Market - Macro Economic Scenario
5. Military Robots Market Size And Growth
…………………………….
26. Africa Military Robots Market
27. Military Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Robots Market
29. Military Robots Market Future Outlook and Potential Analysis
30. Appendix
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