Press release
Bomb Disposal Robot Market Poised for 13& Growth, Set to Hit $13.19 Billion by 2029
How Is the Bomb Disposal Robot Market Projected to Grow, and What Is Its Market Size?The market size for bomb disposal robots has seen rapid growth in the past few years. It is projected to rise from $11.99 billion in 2024 to $13.61 billion in 2025, with a compound annual growth rate (CAGR) of 13.5%. The historical growth can be credited to factors like heightened security concerns, rising demand for versatile functionality, advances in military modernization, escalating geopolitical conflicts, and increased military spending.
In the coming years, the market size for bomb disposal robots is anticipated to experience expedited growth. The market is set to expand to $22.36 billion in 2029, featuring a compound annual growth rate (CAGR) of 13.2%. The growth projection for this period can be linked to factors such as escalating global terrorism, rising territorial disputes, an increased focus on public safety, a commitment to reducing risks faced by human operators, and the inclusion of combat support. Key trends projected for this period involve technological advancements, partnerships with unmanned systems, progression in robotics technology, incorporation of sensor systems, and expansion of autonomous capabilities.
What Are the Key Drivers Behind the Growth of the Bomb Disposal Robot Market?
The anticipated increase in terrorist activities is projected to boost the expansion of the bomb disposal robot market. Terrorism refers to the unauthorized use of force and threats, predominantly against innocent civilians, to accomplish political or ideological goals. This increase in terrorist activities is ascribed to elements like political instability, socioeconomic inequities, radical ideologies, the spreading of highly advanced communication technologies, and transnational disputes. Bomb disposal robots play a crucial role in managing terrorist attacks, as they facilitate the secure and accurate management of explosive devices, reducing the danger to human lives and ensuring successful threat mitigation in potentially hazardous situations. To exemplify, in March 2023, the Global Terrorism Index 2023 showed that terrorist attacks had become more fatal, with the average number of fatalities per attack in 2022 increasing to 1.7 from 1.3 in 2021, as per the report issued by Australia-based research and education organization, the Institute for Economics & Peace. Thus, the rising incidence of terrorism is propelling the growth of the bomb disposal robot market.
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Who Are the Major Industry Players Fueling Bomb Disposal Robot Market Expansion?
Major companies operating in the bomb disposal robot market are Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Rheinmetall AG, Smiths Detection, Bharat Electronics Limited, QinetiQ, AeroVironment Inc., ECA Group, Clearpath Robotics, AB Precision Limited, Roboteam, PIAP, ReconRobotics, Icor Technology, Aunav, RE2 Robotics, Robotex Inc., Stratom Inc., TELEROB, Allen-Vanguard Corporation
Who Are the Major Industry Players Fueling Market Expansion?
Significant players in the bomb disposal robot sector are directing their efforts towards producing innovative offerings, such as mobile bomb disposal robots, that improve mobility, safety, and versatility in military operations, allowing operators to undertake intricate tasks while keeping safe. These portable bomb disposal robots are remote-controlled devices engineered for safe detection, defusal, or disposal of explosives in dangerous settings, and are utilized by the military, law enforcement agencies, and emergency response teams for activities such as bomb clearance, surveillance, and handling of hazardous materials. As an illustration, in June 2024, Teledyne Technologies Incorporated, a firm based in the US that manufactures electronic components, instruments, and communication products, introduced the SUGV 325, a new mobile and modular robot. This model has a heightened mobility, reaching speeds up to 7 mph, and offers an extendable IOP-compliant open architecture for personalized payloads. Integrated with advanced sensors, robust construction, and a control system for multiple robots, the SUGV 325 enhances situational awareness and adaptability, making it the perfect fit for a range of military uses.
How Is the Segmentation of the Bomb Disposal Robot Market Defined?
The bomb disposal robot market covered in this report is segmented -
1) By Type: Small, Large
2) By Mode Of Operation: Automated, Human-Operated
3) By Application: Public Security Bureau, Army
Subsegments:
1) By Small Bomb Disposal Robots: Tactical Small Bomb Disposal Robots, Lightweight Reconnaissance Robots, Portable Bomb Detection Robots
2) By Large Bomb Disposal Robots: Heavy-Duty Bomb Disposal Robots, Remote-Controlled Large Robots, Multi-Purpose Explosive Ordnance Disposal (EOD) Robots
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What Is the Leading Region in the Bomb Disposal Robot Market?
North America was the largest region in the bomb disposal robot market in 2024. The regions covered in the bomb disposal robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Bomb Disposal Robot Global Market Report?
- Market Size Analysis: Analyze the bomb disposal robot Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the bomb disposal robot market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall bomb disposal robot market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the bomb disposal robot market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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