"We Envision Growth Strategies Most Suited
to Your Business"
The global military robots market size is expected to reach USD 25.66 billion by 2027. The increasing demand for unmanned military systems among military organizations will have an outstanding impact on the global market, mentioned in a report, titled “Military Robots Market Size, Share & COVID-19 Impact Analysis, By Platform (Airborne, Land, Naval), By Mode of Operation (Semi-Autonomous and Autonomous), By Mode of Propulsion (Manual, Electric, and Hybrid), By Application (Intelligence, Surveillance, and Reconnaissance, Search and Rescue, Combat Support, Transportation, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 13.87 billion in 2019 and is expected to exhibit a CAGR of 10.15% between 2020 to 2027.
Funding for Autonomous Air and Ground Robots by DARPA to Boost Business
The US Defense Advanced Research Projects Agency (DARPA) announced a federal grant of US$ 316,000 to study gamers’ brain waves and eye movements at the University at Buffalo Artificial Intelligence Institute. This initiative will consequently enhance the capabilities of autonomous air and ground robots. The aim of study includes 250 aerial and ground robots, working in highly complex situations. For instance, if there is a sudden loss of visibility, robots need to be able to effectively correspond and adapt to challenges such as that. The researchers through the study hope to incorporate AI that can guide the actions of groups of 250 robots on the ground and in the air, thus giving the ability to autonomously navigate unpredictable environments. In addition, the increasing contracts and agreements between major companies and prominent defence organizations for robots will enable speedy expansion of the market. For instance, in March 2019, QinetiQ was awarded with a contract for up to USD 152 million from the U.S Army to produce a new small ground robot.
To get a detailed report summary and research scope of this market, click here:
High Initial Costs to Hinder Market Growth
Military robots are integrated with advanced programming software to perform different tasks in a row. This involves high costs associated with manufacturing and programming of such robots, thus resulting in reduced demand. Moreover, small companies are unable to invest in such robots due to their complicated design and manufacturing costs, thus impeding the market growth. In addition, these robots perform a repetitive task that enables enemies to track the movements, which further restricts the growth of the military robots market.
Launch of Technologically Advanced Military Robots by Main Companies to Boost Market
The main companies in the market are focused on upgrading their robots to cater to different military applications. The prominent companies are integrating robots with advanced technology such as artificial intelligence, IoT, and big data, to improve their capabilities. The allocation of funds in the defense sector by governments of many countries will enable speedy expansion of the market. In addition, the increasing concentration on emerging technologies such as artificial intelligence and nanotechnology by major companies can have an excellent effect on the market growth.
The Report Lists the Key Companies in the Market:
Further Report Findings:
The Global Market is Segmented into:
Value (USD billion)
By Mode of Operation
By Mode of Propulsion