The Global Market for Defense Robotics is Projected to Reach US$11 Billion by 2022
Increased Complexity in the Global
Security Landscape Drives the Market for Defense Robotics, According to a New
Report by Global Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry trends, growth drivers, market
share, size and demand forecasts on the global Defense Robotics market. The global market for Defense Robotics is projected to
reach US$11 billion by 2022, driven
by increased complexity in the global security landscape, growing military spending
and emphasis on reducing human casualties in military operations by governments
worldwide.
Defense
robotics, or military robotics, refers to the unmanned systems designed to
execute military functions without the need for on-site presence of personnel.
Thanks to full-fledged efforts of governments in the U.S., Israel, UK, France
and Russia, defense robotics have achieved significant progression from
experimental, remote-operated surveillance machines to autonomous technologies
capable of executing combat operations. These advanced systems come with unique
attributes such as fatigueless functioning, high precision, support for any
type of terrain, continued functioning despite damaging bomb/weapon attacks,
and ability to fit into spaces not possible with mechanical systems or humans,
which fully recommend their deployment in military applications.
The
market for defense robotics continues to expand at a rapid pace with a number
of factors contributing to the increased adoption of these advanced
technologies. Growing concerns over human casualties in military operations and
sustained focus on reducing warfield deaths through advanced strategies are
creating a strong business case for military robotics. Ongoing expansion in
global defense spending and drive towards military modernization programs among
governments, worldwide, are favoring the market. At the same time, rising
emphasis on robotic solutions in C4ISR functions
and battlefield combat operations are consistently fuelling the market
momentum. Further, progressive improvements in underlying technologies and
functional scope of robotic systems are paving way for wider proliferation of
defense robotics. Defense robotics are being deployed in various forms
including unmanned aerial vehicles (UAVs), unmanned marine vehicles (UMVs) and unmanned ground
vehicles (UGVs). UAVs, the pilot-less aircraft, constitute the most widely used
form of defense robotics. The U.S. has been a pioneer in the development of
military UAVs, and currently holds a large fleet of UAVs supplementing its
military operations in Afghanistan, Iraq & Syria, and other parts of the
world.
A
growing number of countries are making investments on robotic solutions in the
wake of rising terrorist and border encroachment activities. Future growth in
the market will be directed by advancements in sensing technology, computer
programming, communication capabilities, and material science, which will help
defense robotics refine their functionality, performance, efficiency and
effectiveness to attract wider audience. Advancements in key parameters such as
integration, interoperability, commonality and affordability, and full-scale
warfield readiness will also play an important role in global adoption of
defense robotics.
As
stated by the new market research report on Defense Robotics, The United States represents the largest market worldwide. Trailing a
CAGR of 7.1% over the analysis period, Asia-Pacific ranks as the fastest
growing market, driven by growing defense spending in China, India, South
Korea, Taiwan and Singapore. Especially poised to benefit growth in the region is
China’s rapid pace of military modernization which is forecast to overtake even
the military technological advantage of the U.S. China’s rapidly expanding military
prowess is creating a military technology competition among the neighboring
countries, a trend that will directly benefit demand for defense robotics.
Major
players in the market include AeroVironment Inc., BAE Systems plc, Boeing
Company, Boston Dynamics, Clearpath Robotics Inc., Elbit Systems Ltd., Endeavor
Robotics, General Atomics, General Dynamics Corporation, Israel Aerospace
Industries (IAI), Lockheed Martin Corporation, Northrop Grumman Corporation, Oceaneering
International Inc., QinetiQ Group plc, Saab AB, Textron Inc., and Thales Group.
The
research report titled “Defense Robotics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections of revenues for all major geographic markets such as the US,
Europe, Asia-Pacific, Middle East, and Rest of World. The report analyzes the global
market for Defense Robotics by Platform – UAV, UMV, and UGV.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San
Jose CA 95138, USA, All Rights Reserved.
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