Allied Market Research
Loading...
0

Autonomous Weapons Market Expected to Reach $30.16 Billion by 2030-Allied Market Research

 

Report Code : A13132

quote by product, the missiles segment dominated the global autonomous weapons market in 2020, in terms of revenue. By type, the autonomous segment is anticipated to witness lucrative growth during the forecast period. By platform, the airborne segment dominated the autonomous weapons market in 2020, in terms of revenue. Presently, Asia-Pacific is the highest revenue contributor, followed by North America. quote

Himanshu Joshi
Lead Analyst, Aerospace and Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “autonomous weapons market by product, platform, and type: global opportunity analysis and industry forecast, 2021–2030,”

The global autonomous weapons market was valued at $11.56 billion in 2020, and is projected to reach $30.16 billion by 2030, registering a CAGR of 10.4%.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. The U.S. dominated the global autonomous weapons market share in North America in 2020, owing to increase in R&D activities, technological developments by big players, rapid adoption of innovative technologies in making reliable, precise, and efficient autonomous weapon systems. North America is expected to grow at a significant rate during the forecast period, owing to rise in adoption of autonomous weapons, along with its huge defense spending and presence of major defense equipment manufacturers such as BAE Systems plc, Northrop Grumman Corporation, and Raytheon Technologies Corporation.

By product, the market is categorized into missiles, munitions, guided rockets, guided projectiles, hypersonic weapon, and others. The missiles segment accounted for the highest revenue in 2020, owing to high demand for a number of precise, long- and short-range missile systems to safeguard national assets by defense forces throughout the globe.

By type, the autonomous weapons market is bifurcated into semi-autonomous and autonomous. The semi-autonomous segment accounted for the highest revenue in 2020, owing to high demand for semi-autonomous weapons as it encompasses both artificial and human intelligence capabilities.

By platform, the autonomous weapons market is bifurcated into land, airborne, and naval. The airborne segment accounted for the highest revenue in 2020, owing to high efficiency, lethality, and reliability of airborne autonomous weapons in a combat situation.

Increase in number of autonomous defense vehicles, drones, and robots and increase in investments to develop autonomous weapons throughout the globe are expected to drive the autonomous weapons market during the forecast period. However, serious issues with the fully autonomous weapons are anticipated to hamper growth of the market. Moreover, rise in usage of autonomous weapons globally and rise in defense spending globally are expected to offer lucrative opportunities for the market in future.

COVID-19 Impact Analysis

  • The COVID-19 impact on the autonomous weapons market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
  • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of non-essential items for most of 2020. This led to sudden fall in the availability of important raw materials.
  • Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
  • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative defense autonomous weapon systems globally.

Key Findings Of The Study

  • By product, the missiles segment is expected to register a significant growth during the forecast period.
  • By type, the autonomous segment is anticipated to exhibit significant growth in future.
  • By platform, the airborne segment is projected to lead the global autonomous weapons market, owing to higher CAGR as compared to defense forces segment.
  • By region, North America is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global Autonomous weapons market include BAE Systems plc, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, and Thales Group.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Autonomous Weapons Market by Product (Missiles, Munitions, Guided Rockets, Guided Projectiles, Hypersonic Weapons, and Others), Platform (Land, Airborne, and Naval), and Type (Semi-Autonomous and Autonomous): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,690 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Autonomous Weapons Market"
Purchase Enquiry