Latest defence industry robot news
The military robots market is huge.
In 2017 it was valued at $16.79bn and is forecast to reach $30.83bn by 2022.
Researchers analyse the market based on platform, application, mode of operation and region.
Based on platform, the land robots segment is expected to grow at a highest CAGR during the forecast period. Within the platform category, military robots market have been segmented into land robots, marine robots, and airborne robots. The rapid growth heer is due to increasing adoption of land based military robots by various countries for border security and battlefield engagements, as well as to tackle terrorist attacks.
Based on application, the military robots market has been segmented into intelligence, surveillance, and reconnaissance (ISR), search and rescue, combat support, transportation, EOD, mine clearance and firefighting and Others. The mine clearance segment is projected to witness the highest growth during the forecast period.
Land robots and ROVs (Remotely Operated vehicles) are used for mine clearance operations that minimize the risk of unexploded ordnance and other dangerous objects. The rising threat from IED across the worldwide is one of the major factors expected to drive the growth of the mine clearance market.
In terms of region, the European military robot market is projected to grow at the highest CAGR during the forecast period, followed by the Asia Pacific and North America In the European region, the increasing demands of military robot by military due to rapid advancements and adoption of military technologies in the region.
Nearly 26 nations in Europe currently have active UAV and robotic programs, including the UK, Russia, France and Germany. Other key factors driving the growth of the Europe market are increasing investments and development of advanced ground robots for transportation, surveillance, and combat applications.