Visiongain Publishes Military Robotics Market Report 2021-2031
14 November 2020
Visiongain has published a new report on Military Robotics Market Report 2021-2031: Forecasts by Type (Autonomous, Remote Controlled), by Application (Search and Rescue, ISR, Combat Support, Mine Clearance, Firefighting, EOD, Transportation), by Platform (Airborne, Land, Marine) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global Military Robotics market was valued at US$ xx billion in 2021 and is projected to reach at a market value of US$ xx billion by 2031. The growth of this market can be attributed to focus on automation in the military operations, global armed forces focusing on improving ISR capabilities and growth of artificial intelligence application in military. With the utilization of AI in mission systems and unmanned systems, this will enable for enhanced decision making, development of intelligent and autonomous unmanned systems, improved analytics, better training and simulation. With the focus on automation in the military operations, it is expected that the military robotics market will grow during the forecast period.
One of the major factors contributing to the growth of the defense industry is the adoption of autonomous in their current operations. The increasing adoption of unmanned systems for various applications especially the defense sector proves to be a boon to the industry as it offers numerous capabilities such as automation, remote sensing capabilities, intelligence, surveillance, target acquisition, and reconnaissance (ISRT). With the focus of global armed forces on enhancing ISR capabilities, it is expected that the military robotics market will grow significantly during the forecast period.
Artificial Intelligence (AI) is one of the most disruptive technologies and is witnessing an increasing adoption in the defense sector. AI has gained a lot of attention from the military sector owing to its several advantages such as speed, accuracy, and least intervention of human in analyzing various combat tasks. This growth of artificial intelligence application in military is likely to support the growth of network centric warfare market.
COVID-19 Impact on Military Robotics Market
The COVID-19 outbreak has created a huge impact across the globe. Due to this pandemic, there has been a delay in implementing their modernization program. In addition to this, military budget may decrease as they will be investing more on developing medical capabilities to tackle the on-going pandemic.
The players operating in the military sector are highly focused on adopting robotics for military applications. Some of the companies profiled in the report include Lockheed Martin Corporation, Thales Group, BAE Systems, Qinetiq, General Dynamics Corporation, Endeavor Robotics, Saab AB,
Israel Aerospace Industries, Elbit Systems, and Cobham.
• For instance in 2018, AAI Corp., a subsidiary of Textron received a contract worth USD 12.75 million from US Defense of Department (DoD), to provide drone system, Intelligence, Surveillance and Reconnaissance (ISR).
• In September 2020, Ghost Robotics received a contract from the U.S. Air Force for robotic dogs. The robot dogs form part of the military's Advance Battle Management System (ABMS) that were used during an agile combat employment exercise between Sept 1-3 at Buckley Air Force Base, Colorado and Nellis Air Force Base, Nevada.
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