According to the research report titled ‘Global Military Robots Market Size study, by Platform (Land Robots, Marine Robots and Airborne Robots), by Application (Intelligence, Surveillance, and Reconnaissance (ISR), Search and Rescue, Combat Support. Transportation. EOD. Mine clearance. Firefighting and Others), by Mode of Operation (Human operated and Autonomous) and Regional Forecasts 2020-2027’, available with Market Study Report, global military robots market was worth USD 21.4 billion in 2019 and is projected to expand at 12.92% CAGR to be remunerated at USD 56.6 billion by the year 2027.
 

Global military robots market growth is primarily driven by rising demand for advanced surveillance, targeting, and intelligence gathering mechanisms in the military. Moreover, government spending in military and defense will also contribute to the overall market outlook.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3002301/
 

According to Statista, the United States spent USD 466.76 billion on its military in 2000, and this expenditure has increased to USD 718.69 billion in 2019. As per the Artificial Intelligence and National Security, Russian defense modernization agenda released in 2008 intends to robotize 30% of its military equipment by 2025.
 

It is to be noted that military robots are capable of managing a wider range of military combat operations, such as mine clearing, search & rescue, targeting, transportation, and others, as an alternative to human soldiers.
 

Military robots are stationed in high-risk areas to assess the situation in real time at accident scenes. These robots come in a variety of sizes and shapes depending on the requirement and application. Countries with large military powers, such as the United States and Russia, have modernized their armed forces and introduced arms that use robotics, thereby stimulating the market outlook.
 

Despite the promising trajectory of worldwide military robots industry, hefty cost of the robots, and strict regulations regarding technology-sharing are anticipated to hamper the business expansion over the study period.
 

Citing the regional terrain, Europe presently holds major portion of global military robots market share, attributable to surging demand across military owing to rapid advancements and acceptance of defense technologies in the region.
 

Key players in worldwide military robots market sphere are Thales Group, Aerovironment Inc., Israel Aerospace Industries Ltd. (IAI), Elbit Systems Ltd., General Dynamics Corporation, Cobham Ltd., Endeavor Robotics (iRobot), QinetiQ, Lockheed Martin Corporation, and Northrop Grumman Corporation.