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Military Robots Market to Witness 10.3% CAGR by 2031 | SkyQuest Technology

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Westford, USA, Aug. 21, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Military Robots Market will attain the value of USD 43.58 billion by 2031, with a CAGR of 10.3% during the forecast period (2024-2031). The growing trend of combining humans and robots on the battlefield is expected to accelerate the development of unmanned military systems. Robots can perform tasks faster and more accurately, reducing the number of people killed during combat. Also, the development of multi-purpose robots could impact the military robot market share. Using a robot with advanced electrical components allows soldiers to make strategic decisions during combat.

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Browse in-depth TOC on ” Military Robots Market ”  

  • Pages – 157
  • Tables – 311
  • Figures – 81

 Military Robots Market Overview:

Report CoverageDetails
Market Revenue in 2023USD 19.89 billion
Estimated Value by 2031USD 43.58 billion
Growth RatePoised to grow at a CAGR of 10.3%
Forecast Period2024–2031
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredType, Platforms and Region
Geographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the world
Report HighlightsUpdated financial information / product portfolio of players
Key Market OpportunitiesExpanding Applications Beyond Combat 
Key Market DriversIncreasing Demand for Advanced Defense Systems    

Autonomous Segment to Dominate Due to Augmentation of Superior Aerial Robots

Autonomous segment is dominating the market. The autonomous segment is anticipated to develop notably inside the coming years due to the augmentation of superior aerial robots ready with missiles and weapons used for reconnaissance without endangering pilots. Further, the usage of technology including mild detection and varying (LiDAR), fiber optics, and 3D imaging included into autonomous robots is riding the market.
   
ISR Segment to Drive Market Due to Increased ISR Activities

The ISR segment is also expected to be the fastest growing segment during the forecast period. The increase is attributed to increased ISR activities in North America and Asia. The security forces of major countries in these regions rely heavily on Unmanned Aerial Vehicles (UAVs) and Unmanned Ground Vehicles (UGVs) for Unmanned Vehicles (USVs).

North America is Dominating Due to Large Number of Suppliers of Electronic Components
North America is dominating the market during the forecast period due to the large number of suppliers of electronic components. The government is keen to deliberately invest in research and development activities.

Asia-Pacific is expected to grow rapidly in the coming years. It is China’s main investment in military activities involving air, land and maritime defense. China and India are emphasizing investments in emerging technologies such as artificial intelligence and nanotechnology that will fundamentally transform military robot capabilities.
  
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Drivers

  • Increasing Demand for Advanced Defense Systems
  • Technological Advancements and Innovations

Restraints

  • High Development and Maintenance Costs
  • Ethical and Legal Concerns

Prominent Players in Military Robots Market  
The following are the Top Military Robots Companies

  • Northrop Grumman Corporation (US)
  • Thales Group (France)
  • learpath Robotics Inc. (Canada)
  • QinetiQ (UK)
  • AeroVironment, Inc. (US)
  • Elbit Systems Ltd. (Israel)
  • Raytheon Technologies (US)
  • BAE Systems (UK)
  • Saab AB (Sweden)
  • Lockheed Martin Corporation (US)
  • General Dynamics Corporation (US)
  • Milrem Robotics (Estonia)
  • Leonardo (Italy)
  • Textron Inc. (US)
  • Kongsberg Gruppen (Norway)
  • Israel Aerospace Industries (IAI) (Israel)
  • Rheinmetall AG (Germany)
  • ECA Group (France)
  • Rafael Advanced Defense Systems Ltd. (Israel)
  • Roboteam (Israel)
  • STM (Turkey)

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Key Questions Answered in Military Robots Market Report

  • How big is the Global Military Robots Market?
  • What are the key drivers of Global Military Robots Market size?
  • Who are the key players in the Global Military Robots Market?
  • Which is the fastest growing region in the Global Military Robots Market?
     
     

This report provides the following insights:

  • Analysis of key drivers (increasing demand for advanced defense systems, technological advancements and innovations), restraints (high development and maintenance costs, ethical and legal concern), opportunities (expanding applications beyond combat, emerging markets and defense modernization), influencing the growth of Military Robots Market.
  • Market Dynamics: Comprehensive information about the various products offered by the dominant players in the Military Robots Market.
  • Product Development/Innovation: An overview of emerging trends, R&D activities and product launches in the Military Robots Market. 
  • Market Growth: Detailed information on profitable growing industries. 
  • Market Trends: Complete information about new products, emerging geographical areas and recent developments in the market.
  • Competitive Analysis: An in-depth analysis of the market segments, growth strategies, revenue analysis, and products of the key market players.

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About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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