MILITARY ROBOTS MARKET TO REACH USD 50.2 BILLION BY 2027 | CAGR 11.8% — FORENCIS RESEARCH

  • According to the new market research report “Military Robots Market by Component (Hardware (Sensors, cameras, Motors, Weapons, Others), Software, Services), by Platform (Ground-Based, Airborne, Naval), by Operation Mode (Autonomous, Human-Operated), by Application (Military Transportation, Search and Rescue Operations, Fire Fighting, Mine Clearance, Surveillance and Reconnaissance, Combat Support, Others), By Region (North America, Asia-Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2019 to 2027)”, the global military robots market is estimated to reach USD 50.2 Billion by 2027 at a CAGR of around 11.8% during the review period.
  • Military robots is expected to grow at a high growth rate during the forecast period. Military robots are often intended to enhance soldiers’ existing capabilities while keeping them out of harm way as much as possible.
  • These robots are commonly used for rescuing wounded soldiers, operating in dangerous situations, and carry heavy military equipment
  • Increasing popularity of artificial intelligence (AI) and robotics in military applications and growing demand for targeting and advance monitoring in military applications is expected to grow the market during the forecast period
  • Moreover, advancement in robotics technology will become an opportunity for the military robots markets during the projected years
  • However, the high cost of robots and stringent technology-sharing regulations are expected to restrain the market and low adoption rate in under developing economies can become a challenge for the military robots market during upcoming years
  • North America
  • Europe
  • FLIR Systems, Inc.:
  • BAE Systems:

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