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Military Robotics Autonomous Systems Market Size

Report ID: GMI7952
Published Date: Jan 2024
Report Format: PDF

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Military Robotics Autonomous Systems Market Size

Military Robotics Autonomous Systems Market was valued at USD 9.8 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 & 2032, propelled by technological advancements, with a particular focus on artificial intelligence (AI). The integration of AI capabilities enhances decision-making processes, mission effectiveness, and the adaptability of autonomous systems. As AI continues to advance, its application in military robotics contributes to the expansion of the market, meeting the evolving demands for innovative and intelligent solutions in defense and security operations.

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The government is actively involved in R&D initiatives and launching the latest autonomous vehicles with the latest upgrades, thereby driving market growth. For instance, in 2023, the US military unveiled its intention to deploy thousands of AI-enabled autonomous vehicles by 2026 through the 'Replicator' initiative. This strategic plan is designed to expedite the incorporation of small, intelligent, and cost-effective military platforms into its operations.

The military robotics autonomous system industry is experiencing robust growth fueled by heightened defense budgets and escalating demand for unmanned systems. Increased allocations in defense spending empower the development and adoption of cutting-edge autonomous technologies. The growing need for unmanned systems, driven by their effectiveness and versatility in diverse operational scenarios, further propelled market expansion. This convergence of financial support and operational demand positioned the military robotics autonomous system market on a trajectory of sustained growth.

Military Robotics Autonomous Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Military Robotics Autonomous Systems Market Size in 2023:	USD 9.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	10%
2032 Value Projection:	USD 24.7 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	250
Segments covered:	Product, Operation, Application
Growth Drivers:	Rapid advancements in robotics, artificial intelligence (AI), and sensor technologies The use of autonomous systems in military operations helps reduce the risk to human lives Increasing geopolitical tensions and security threats around the world Military robots excel in surveillance and reconnaissance tasks, providing real-time data and intelligence to military forces
Pitfalls & Challenges:	Deployment of autonomous systems in military operations raises ethical concerns Developing and deploying advanced autonomous systems for military use can be expensive

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Companies are launching advanced UAVs and fostering strategic partnerships to stay competitive and enhance operational efficiencies. For instance, in 2021, MSI-Defence Systems Limited (MSI-DSL) and autonomous system developer Milrem Robotics jointly introduced a highly mobile, unmanned kinetic Counter-Unmanned Aerial Vehicle (C-UAV), showcasing advanced capabilities in defense technology.

Though the military robotics autonomous system industry experiences robust growth, regulatory complexities, ethical considerations, and cybersecurity concerns encounter barriers to growth. Negotiating intricate regulations, navigating ethical dilemmas, and fortifying against cyber threats are essential for sustained progress. Addressing these challenges with strategic solutions will ensure compliance and build trust and confidence, fostering a conducive environment for the positive and secure evolution of autonomous technologies in defense applications.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for military robotics autonomous systems reached USD 9.8 billion in revenue in 2023 and is projected to expand at over 10% CAGR between 2024 and 2032 driven by the ongoing technological advancements, with a particular focus on AI solutions.

The UAVs (unmanned aerial vehicle) segment accounted for more than 36% share of the military robotics autonomous systems market in 2023 and is estimated to record high demand through 2032 owing to the growing demand in modern warfare.

North America accounted for more than 31% revenue share of the military robotics autonomous systems industry in 2023 and is expected to exhibit robust growth between 2024 and 2032 attributed to the robust technological infrastructure and strategic investments.

Some of the leading industry players are BAE Systems, Elbit Systems Ltd., General Dynamics Corporation, iRobot Corporation, L3Harris Technologies, Lockheed Martin Corporation, Northrop Grumman, QinetiQ, Teledyne FLIR LLC, and Thales Group.