The military robots market size is projected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. Drivers for this market include the increasing use of robots in areas affected by chemical, biological, radiological and nuclear (CBRN) attacks, the increased use of robots for mine countermeasures and the increasing use of UAVs in life-threatening missions.
Contracts are among the key strategies adopted by the leading market players to strengthen and sustain their position in the military robots market.
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In June 2020, FLIR Systems, Inc. announced that the US Army and Navy had ordered more than 160 of the company’s Centaur UGVs, as well as related spares and accessories. In April 2020, FLIR Systems, Inc. announced that the US Marine Corps had ordered more than 140 of the company’s Centaur UGVs, as well as spares.
Key players in the military robots market include FLIR Systems, Inc. (US), BAE Systems (UK), Saab AB (Sweden), QinetiQ (UK), Lockheed Martin Corporation (US), General Dynamics Corporation are some of the winners in the market. These players have a high market share and offer technologically advanced military robots.
FLIR Systems, Inc. is a key supplier of land and airborne military robots to the US Department of Defense. In March 2019, the company completed the acquisition of Endeavor Robotic Holdings, Inc., a leading developer of battle-tested, tactical unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets and increased its product portfolio. In December 2019, FLIR Systems secured a contract worth USD 109 million from the US Army for the supply of 350 Kobra unmanned ground vehicles for Explosive Ordnance Disposal and other such hazardous applications.
AeroVironment, Inc. develops a series of lightweight battery-powered and solar-powered vehicles. It offers innovative UAS and tactical missile system solutions for Intelligence, Surveillance and Reconnaissance (ISR), and communications. The company provides small UAVs, namely, Raven, Wasp AE, Puma, and Shrike, for ISR and communications, including time tactical reconnaissance, tracking, combat assessment, and geographic data. In April 2020, AeroVironment secured a contract worth USD 11 million from the US Navy and US Marine Corps for the supply of Puma 3AE small unmanned aircraft systems for persistent situational awareness and force protection.
Military Robots Market by Type (Land, Marine, Airborne), Application, System, Deployment Method, Range, End User (Defense, Homeland Security), Mode of Operation, Propulsion and region - Global Forecast to 2025
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