The Business Research Company Global Autonomous Military Weapons Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, April 27, 2022 /EINPresswire.com/ — The ability to perform dangerous tasks with precision has contributed to the growth of the global military autonomous weapons market. Autonomy in arms keeps soldiers away from dangerous tasks or any imminent risk to human life. According to the Autonomous Military Weapons Market Insight, increased reaction speed in decision making and eyes on target will potentially increase accuracy. It has access to a greater amount of information, greater precision and greater predictability for certain functions freeing humans from boring or repetitive tasks while allowing access to environments inaccessible to remote control technologies. Major countries like the United States, China, and Russia are investing heavily in artificial intelligence (AI) for weapons and vying for superiority in this segment. For example, Russia is investing $719 million until 2021 in AI research and development for weapons. The ability to hit the target without human intervention along with the minimization of risk to human life has increased the demand for the autonomous military weapons market.
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The global military autonomous weapons market size is expected to grow from $12.04 billion in 2021 to $13.30 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The Autonomous Military Weapons market analysis shows that the growth of the market is mainly due to companies resuming their activities and adapting to the new normal while recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working, and the closure of business activities which resulted in operational difficulties. The market is expected to reach $19.75 billion in 2026 with a CAGR of 10.4%.
The major players covered in the global military autonomous weapons industry are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael and STM.
The global TBRC Autonomous Military Weapons market report is segmented by Type into Autonomous, Semi-Autonomous, by Product into Missiles, Rockets, Guided Bombs, Target Pods, Others, by Land, Airborne, Naval Platform.
Global Military Autonomous Weapons Market Report 2022 – By Type (Autonomous, Semi-Autonomous), By Product (Missiles, Rockets, Guided Bombs, Target Pods), By Platform (Land, Airborne, Naval) – Market Size , Global Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the Military Autonomous Weapons Market, forecasts the size and growth of the Military Autonomous Weapons Market globally. Market, Global Autonomous Military Weapons Market Segments, Geographies, Autonomous Military Weapons Market Trends, Autonomous Military Weapons Market Drivers, Constraints, Revenues, Key Competitor Profiles and Market Shares.
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