MILITARY ROBOTS MARKET ANALYSIS

Military Robots MarketSize and Trends

The global military robots market size was valued at US$ 21,111.7 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.33% from 2023 to 2030. The global military robots market will witness substantial growth in the near future and major growth drivers of the market include government investment, increased expenditure on military, and increasing adoption of advanced technologies. Increasing demand for automated systems is a key factor driving the development of the military robotics market. Another major driver is the demand for sophisticated unmanned systems to combat foreign attacks.

Figure 1: Global Military Robots Market Share (%), By Region, 2022

Global Military Robots Market Trends:

Increasing research activities is a major trend

Research activities are increasing in military segment around the world to enhance underwater acoustic communication as well as optical communication technology. For instance in January 2021, the Combat Capabilities Development Command of the U.S. Army Research Laboratory partnered with universities in North Carolina for the development of studies in bio-hybrid robotics. ARL plans to fuse living tissues with cold metal in order create robots that could gain the versatility and agility of living creatures. This trend is expected to continue in the global military robots market over the forecast.

Growing innovations in technologies is a growing trend in the market

Due to technological innovations, armed forces are focusing more on unmanned systems, and as a result, the number of unmanned systems that are deployed on the battlefield has increased in recent years. Moreover, many countries are considering these unmanned systems as the future of modern warfare and are striving on maintaining a fleet of these systems for their armed forces. This is for reducing the human casualties and for improving surveillance and intelligence capabilities. Thus, this trend is expected of fuel growth of the global military robots market over the forecast period.