Global Military Robotic and Autonomous System (RAS) Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Military robotic and autonomous systems (RAS) refer to a broad category of technologies that involve the use of robotics and automation to perform tasks without direct human intervention. These systems are designed to operate independently or semi-independently, making decisions and executing actions based on pre-programmed instructions, artificial intelligence (AI), or sensor inputs.

Sizing and Forecast

The military robotic and autonomous system (ras) market size has grown steadily in recent years. It will grow from $18.62 billion in 2023 to $19.05 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to growing need for enhancing battlefield situational awareness, generating mass and scalable effects through human-machine teaming.

The military robotic and autonomous system (ras) market size is expected to see marginal growth in the next few years. It will grow to $20.45 billion in 2028 at a compound annual growth rate (CAGR) of 1.8%. The growth in the forecast period can be attributed to growing defense budget, rising demand for reducing human involvement in battlefield activities. Major trends in the forecast period include increasing innovations in the field of artificial intelligence (AI), innovations in military robotics, strategic investments in military robotic and autonomous system a competitive edge for leading companies.

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Segmentation & Regional Insights

The military robotic and autonomous system (ras) market covered in this report is segmented –

1) By Platform: Unmanned Aircraft Systems, Unmanned Ground and Robotic Systems, Unmanned Maritime Systems
2) By Operation: Remote Controlled, Semi-Autonomous, Fully Autonomous
3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Combat Operation, Target Acquisition, Logistics, Mine Clearance, Explosive Ordnance Disposal (EOD), and Chemical, Biological, Radiological, and Nuclear (CBRN), Infantry Support, Other Applications

North America was the largest region in the military robotic and autonomous system market in 2023. The regions covered in the military robotic and autonomous system (ras) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rise in the defense budget is expected to propel the growth of the military robotic and autonomous systems (RAS) market going forward. A defense budget refers to the financial plan and resources allocated to a country’s military forces for various purposes, such as research, development, acquisition, and sustainment of military equipment, technologies, and capabilities. The defense budget includes funding for the development, integration, and procurement of RAS technologies to enhance military capabilities and improve operational efficiency. For instance, in December 2022, according to the European Defense Agency, a Belgium-based defense agency, member states are spending a record amount of $53.4 billion(€52 billion) on the purchase of defense equipment, a rise of 16% in 2022 compared to 2020. Further, total European defense spending reached a new high of $228.6 billion(€214 billion) in 2022, up 6% from 2020 and continuing a seven-year trend of expansion. Therefore, the defense budget is driving the growth of the military robotic and autonomous systems (RAS) market.

Key Industry Players

Major companies operating in the military robotic and autonomous system (ras) market report are RTX Corporation, The Boeing Company, Lockheed Martin Corporation, Hanwha Group, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, SZ DJI Technology Co. Ltd., Thales Group, L3Harris Technologies Inc., Leonardo SpA, Elbit Systems Ltd., Teledyne Technologies Inc., Israel Aerospace Industries Ltd., Saab AB, General Atomics, Cobham Ltd., QinetiQ Group PLC, iRobot Corporation, Kratos Defense & Security Solutions Inc., AeroVironment Inc., Exail Technologies- Groupe Gorge, Anduril Industries Inc., Parrot Drone SAS, Skydio Inc., Boston Dynamics, Milrem Robotics, Auterion AG, AutoNaut Ltd., Saildrone Inc.

The military robotic and autonomous system (ras) market report table of contents includes:

1. Executive Summary
2. Military Robotic and Autonomous System (RAS) Market Characteristics
3. Military Robotic and Autonomous System (RAS) Market Trends And Strategies
4. Military Robotic and Autonomous System (RAS) Market – Macro Economic Scenario
5. Global Military Robotic and Autonomous System (RAS) Market Size and Growth
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32. Global Military Robotic and Autonomous System (RAS) Market Competitive Benchmarking
33. Global Military Robotic and Autonomous System (RAS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Military Robotic and Autonomous System (RAS) Market
35. Military Robotic and Autonomous System (RAS) Market Future Outlook and Potential Analysis
36. Appendix

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