Robotic Warfare Market by Application, Capability (Unmanned Platforms & Systems, Exoskeleton & Wearables, Target Acquisition Systems, Turret and Weapon Systems), Mode of Operation, Domain (Land, Marine, Airborne) and Region - Global Forecast to 2028
The Robotic Warfare market is projected to grow from USD 29.3 Billion in 2023 to USD 39.5 Billion by 2028, at a CAGR of 6.1% during the forecast period. Technological advancements and increasing demand for robotic warfare systems and solutions like unmanned vehicles, target acquisition systems and others across the globe are driving the growth of the market.
“The Unmanned Platforms & Systems is projected to hold highest share of the market by Capability during the forecast period.”
Based on Capability, the Unmanned Platforms and systems segment of the Robotic Warfare market is projected to hold the highest share during the forecast period. The unmanned platforms and systems include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), Unmanned Surface Vessels (USVs) and other Unmanned Platforms and systems. The Unmanned Platforms and systems are developed using advance technologies like Artificial Intelligence and Cyber Security. These systems can also be deployed during cyber warfare , cybersecurity warfare or AI warfare to respond quickly by reducing the human interactions and casualties.
“The Autonomous segment is projected to grow at highest rate by Mode of Operation.”
Based on Mode of Operation, the Autonomous segment is projected to grow at highest rate during the forecast period. Autonomous systems and solutions are widely being developed and deployed by militaries across the globe. There is high demand to modernize military inventory based on autonomous systems. There is rise in need for development of autonomous military solutions to reduce soldier casualties and respond quickly in any warfare situations to drive the market growth.
“North America is expected to account for the largest market share in 2023.”
The Robotic Warfare market industry has been studied in North America, Europe, Asia Pacific, Middle East and Rest of the World. North America accounted for the largest market share for Robotic Warfare. North America is estimated to grow at CAGR of 5.5% during the forecast period. US leads the market in North America with a large number of companies and startups operating in the industry. The country is highly investing in robotic solutions through increasing the defense budget for robotic warfare market.
The break-up of the profile of primary participants in the ROBOTIC WARFARE market:
By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C Level – 35%, Director Level – 25%, Others-40%
By Region: North America –35%, Europe – 25%, Asia Pacific – 20%, Middle East – 15%, Rest of the World – 5%
Prominent companies include Elbit Systems Ltd. (Israel), Lockheed Martin Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany) and QinetiQ (UK).
Research Coverage:
The Research coverage covers the Robotic Warfare market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as capability, mode of operation, domain, and region. The study also includes an in-depth competitive analysis of the key players in market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Robotic Warfare market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Increasing development and deployment of robotic systems in modern warfare, Rise in robotic warfare by increasing use of advance technologies and innovations, Increase in use of robotic surveillance to counter), restraints (Effecting widespread of robotic warfare systems due to high cost, Ethical and Legal), opportunities (Development of Fully Autonomous System, Autonomous Training and Stimulation), and challenges (Technical Challenges, Cyber Security Concerns) influencing the growth of the authentication and brand protection market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Robotic Warfare market
Market Development: Comprehensive information about lucrative markets – the report analyses the Robotic Warfare market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Robotic Warfare market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the Robotic Warfare market