Market for military robots will swell to $24.2 billion by 2025, study saysNews
November 16, 2020
NORTHBROOK, Ill. The global market for military robots is projected to grow from $14.5 billion in 2020 to $24.2 billion by 2025, at a CAGR [combined annual growth rate] of 10.7% over the study period, according to market research from MarketsandMarkets, "Military Robots Market - Global Forecast to 2025."
The main factors driving the global military-robot market include increasing use of robots in areas affected by chemical, biological, radiological and nuclear (CBRN) attacks; additional use of robots for mine countermeasures; and the increased use of unmanned aerial systems (UASs) in inaccessible or life-threatening situations.
The study also predicts that European use of military robots will increase faster than that of other regions, due in part to trends in Europe including increased deployment of UASs for surveillance and reconnaissance, the use of land and marine robots for applications such as explosive ordnance disposal, and large amounts of mine-clearing operations.
For additional information, visit the MarketsandMarkets website.