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Military Robotics Autonomous Systems Market Trends

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

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Military Robotics Autonomous Systems Market Trends

The dual trend of advancing autonomy levels and prioritizing modular, scalable systems is propelling the industry forward. This evolution is driven by the continuous launch of innovative technologies. The focus on enhancing autonomy, from semi-autonomous to fully autonomous capabilities, aligns with the demand for adaptable and resilient systems. This trend, in line with frequent product launches, fuels the market's growth by addressing diverse military requirements with cutting-edge and versatile autonomous solutions.

For instance, in 2023, the United States military's covert X-37B robotic spaceplane embarked on its seventh mission, achieving a successful launch atop a SpaceX Falcon Heavy rocket. Notably, this mission represents the inaugural deployment of the X-37B aboard the Falcon Heavy, showcasing the versatility and adaptability of the spacecraft's launch capabilities. This launch marks a significant step in the United States’s expanding military landscape.

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.