MILITARY ROBOTS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Military Robots Market Analysis:

The estimated market size for military robots is USD 22.78 billion in 2023, with an expected increase to USD 31.90 billion by 2028, resulting in a Compound Annual Growth Rate (CAGR) of 6.97% during the forecast period (2023–2028).

The demand for military robots is directly linked to the procurement and upgrade of aerial, terrestrial, and naval platforms, and is significantly influenced by the annual defense budget of nations. The COVID-19 pandemic had a moderate impact on the market due to disruptions in defense supply chains and production outputs in 2020. However, the market has since improved due to the streamlining of supply chain activities, leading to growth in the military robots market.

The changing nature of warfare and the value placed on war casualties have favored the deployment of robots in modern conflicts. Previous wars have raised concerns about casualties, leading most governments to invest in new unmanned systems to maintain a fleet of Unmanned Aerial Vehicles (UAVs), Unmanned Underwater Vehicles (UUVs), and Unmanned Ground Vehicles (UGVs) for critical missions.

Countries are collaborating on advanced robotics technologies to develop new vehicles that can overcome challenges and support ground troops in future warfare. Additionally, major players in the industry are supported by government bodies that make substantial investments, enabling them to spend more on Research and Development (R&D) and continuously innovate, introducing more efficient and advanced technologies.

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