Military Robots Global Market Set to Skyrocket to $30.84 Billion By 2032 with an Impressive CAGR 8.7% | BAE Systems, Aerovironment Inc, Irobot, Boston Dynamics, Thales Group

"The Business Research Company recently released a comprehensive report on the Global Military Robots Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 in the historic period can be attributed to military modernization, counter-terrorism and asymmetric warfare, safety of human troops, global conflicts.

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 growth in the forecast period can be attributed to autonomous system, swarm robotics, urban warfare, cross-domain integration. Major trends in the forecast period include artificial intelligence, human-robot collaboration, miniaturization and portability, counter-drone technology.

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Market Drivers and Trends:

The market growth can be attributed to the increasing adoption of land-based military robots by various countries for border security. 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 system also uses a wireless camera to continuously monitor the border. Based on the fact that autonomous military systems can cut down costs, improve effectiveness, enable more broad military operations, and most importantly, help keep security personnel out of harm, various countries are adopting military robots for border security. The increasing adoption of military robots by various countries, therefore, is expected to drive the military robot market growth.

Multi-mission robots are designed to carry out multi-domain operations in the military. 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. For instance, the 710 Kobra is a heavy-duty, multi-mission robot designed by American robot maker iRobot Defense & Security (now Endeavor Robotics Holdings) to provide increased safety and mission effectiveness for soldiers, first responders, and security personnel.

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Major Key Players of the Market:

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

Military Robots Market 2024 Key Insights:

• 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%.
• Rising Adoption Of Land-Based Military Robots For Border Security Boosts Market Growth
• Multi-Mission Robots Enhance Military Operations With Enhanced Flexibility And Security
• North America was the largest region in military robots market in 2023

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