Global Autonomous Military Weapons Market to Reach $26.17 Billion by 2029, Growing at 10.3% CAGR

What industry-specific factors are fueling the growth of the autonomous military weapons market?
The growth of the autonomous military weapons market is driven in part by their ability to conduct risky operations with precision. Weapon autonomy is instrumental in reducing the exposure of military personnel to perilous tasks or any immediate, life-threatening dangers. Furthermore, the heightened speed of decision-making responses and the constant visual contact with the target can significantly improve accuracy. The system also provides access to a wider information base with greater precision and predictability regarding certain functions. This not only relieves people from mundane, repetitive tasks but also allows access to environments beyond the reach of remote control technologies. Countries like the USA, China, and Russia are making substantial investments in weaponized artificial intelligence (AI) and are striving to achieve dominance in this field. For instance, as reported by the GAO, a US-based independent agency, a racially prejudiced gunman killed 10 people in Buffalo, New York, in May 2022. Over the past decade, the number of investigations into domestic terrorism incidents have risen by 357%. The second-most common type of incidents reported was violent extremism motivated by anti-government or anti-authority sentiments, which resulted in 15 fatalities. The ability to strike the target without human intervention and to reduce the risks to human lives will boost the autonomous military weapons market.

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What Is the projected market size and growth rate for the autonomous military weapons market?
The market size of autonomous military weapons has seen accelerated growth lately. The market projection suggests it will surge from a value of $16.08 billion in 2024 to $17.71 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 10.2%. This substantial growth during the historic period can be associated with factors such as earlier conflicts and military strategies, investment in research and development, past regulatory achievements, budget allocation, and a mix of successes and failures.

The market size for autonomous military weapons is predicted to expand rapidly in the ensuing years. The expected growth is to $26.17 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. The projected growth during the forecast period is due to factors such as the adoption by non-state actors, variations in supply chain dynamics, public opinion and advocacy, shifts in geopolitics, and competition and innovation within the industry. Key trends anticipated during the forecast period comprise public acceptance and perception, partnerships and alliances, rising geopolitical conflicts, ethical considerations, and cost effectiveness.

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What new trends are reshaping the autonomous military weapons market and its opportunities?
Prominent firms active in the autonomous military weapons market are concentrating on the creation of cutting-edge products like unmanned ground vehicles (UGV) to deliver reliable services to their clients. These UGVs are terrestrial vehicles that operate without the need for a human controller. For example, in February 2023, BAE Systems Australia, an Australian firm that offers a variety of defense and security services, introduced the STRIX hybrid VTOL uncrewed air system. This system is capable of executing air-to-ground strikes by transporting explosives for targeted assaults on terrestrial objectives, thus upgrading combat abilities. Additionally, the STRIX is engineered for intelligence, surveillance, and reconnaissance (ISR) assignments, facilitating real-time data accumulation and enhancing situational comprehension. It can serve as a "loyal wingman", performing in coordination with manned aircraft to provide additional support and firepower.

What major market segments define the scope and growth of the autonomous military weapons market?
The autonomous military weapons market covered in this report is segmented -

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

Subsegments:
1) By Autonomous: Unmanned Aerial Vehicles (UAVs), Autonomous Ground Vehicles (AGVs), Naval Autonomous Systems, Lethal Autonomous Weapons Systems (LAWS)
2) By Semi-Autonomous: Remote-Controlled Weapons, Human-In-The-loop Systems, Targeting Systems With Autonomous Features

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Which region dominates the autonomous military weapons market?
Asia-Pacific was the largest region in the autonomous military weapons market in 2024. Western Europe is expected to be the fastest-growing region in the autonomous military weapons market share during the forecast period. The regions covered in the autonomous military weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the autonomous military weapons industry growth?
Major companies operating in the autonomous military weapons market include China North Industries Group Corporation Limited, Aviation Industry Corporation of China, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus Group Inc., Kalashnikov Concern LLC, China Aerospace Science and Technology Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., Rostec State Corporation, BAE Systems plc, L3Harris Technologies Inc., Thales Group, Textron Inc., Kawasaki Heavy Industries Ltd., Rheinmetall AG, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Saab AB, Kongsberg Gruppen ASA, Rafael Advanced Defense Systems Ltd., Bharat Electronics Limited, Palantir Technologies Inc., Kratos Defense & Security Solutions Inc., Denel SOC Ltd., Anduril Industries Inc., Savunma Teknolojileri Mühendislik ve Ticaret A.S.

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What Is Covered In The Autonomous Military Weapons Global Market Report?

• Market Size Forecast: Examine the autonomous military weapons market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the autonomous military weapons market for a structured understanding.
• Key Players Overview: Analyze major players in the autonomous military weapons market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the autonomous military weapons market.
• Segment Contributions: Evaluate how different segments drive overall growth in the autonomous military weapons market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the autonomous military weapons market.
• Industry Challenges: Identify potential risks and obstacles affecting the autonomous military weapons market.
• Competitive Landscape: Review strategic developments in the autonomous military weapons market, including expansions, agreements, and new product launches.

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