Connect with us

Technology

Military Robots Market worth $26.49 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Jan. 14, 2025 /PRNewswire/ — The Military robots market is projected to reach USD 26.49 billion by 2029, from USD 18.20 billion in 2024, at a CAGR of 7.8% according to a new report by MarketsandMarkets™. The growth of the military robots market is driven by several factors, including the growing use of UAVs to counter-terrorism. These aerial robots are increasingly employed for targeted surveillance, precision strikes, and intelligence gathering in high-risk areas, minimizing the exposure of human soldiers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245516013

Browse in-depth TOC on “Military Robots Market” 
624 – Tables
104 – Figures
504 – Pages

Military Robots Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 18.20 billion

Estimated Value by 2029

$ 26.49 billion

Growth Rate

Poised to grow at a CAGR of 7.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Application, Operational Technology, Propulsion, System, Deployment Method, Range, and End User

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of Skilled and Trained Personnel to Operate UAVs

Key Market Opportunities

Increased defense budgets of different countries

Key Market Drivers

Growing Demand for Autonomous Systems in the Defense Sector

Similarly, Unmanned Ground Vehicles (UGVs) are witnessing increasing adoption for tasks like explosive ordnance disposal, and battlefield reconnaissance. In the marine domain, Unmanned Underwater Vehicles (UUVs) and Unmanned Surface Vehicles (USVs) are gaining traction for mine countermeasures, and maritime surveillance, with defense organizations investing significantly in enhancing their autonomous navigation and endurance. Collectively, the integration of these land, marine, and airborne robots reflects a growing trend toward reducing human risks and increasing operational efficiency in military operations.

Based on operational technology, the autonomous segment will grow at the highest CAGR in the military robots market during the forecast period.

The autonomous segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for advanced technologies that can enhance operational efficiency, reduce human risk, and provide tactical advantages on the battlefield. These systems can operate in dangerous environments, conduct reconnaissance, and execute precision strikes with minimal human oversight, making them invaluable for modern warfare. Additionally, as defense forces look to minimize personnel casualties and enhance mission capabilities, the shift toward autonomous systems is accelerating, driving substantial growth in this segment. The continuous evolution of autonomous technologies and their integration with other military systems will further fuel their expansion in the coming years.

Based on the propulsion, the electric segment will lead the market during the forecast period.

The electric propulsion segment is expected to lead the military robots market during the forecast period due to its significant advantages in terms of efficiency, reliability, and operational flexibility. Electric propulsion systems offer quieter and more efficient performance, which is critical in military applications where stealth and energy conservation are paramount. These systems also benefit from lower maintenance costs, enhanced maneuverability, and the ability to operate in a wide range of environments without relying on fuel-based systems. Additionally, with advancements in battery technology and energy management systems, electric propulsion is becoming more viable for longer missions, further boosting its adoption in military robotics.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=245516013

North America is expected to capture the largest share during the forecast period in 2024.

North America is leading the military robots industry primarily due to its significant defense budgets, advanced technological capabilities, and strong focus on modernizing military operations. The US, in particular, is the largest spender on defense globally, a portion of which is dedicated to research, development, and procurement of autonomous systems. North America has a robust infrastructure for developing and testing cutting-edge technologies, including artificial intelligence, robotics, and autonomous navigation systems, which are critical for military robots. The growing adoption of UAVs for surveillance and precision strikes, coupled with the use of UGVs and UUVs for reconnaissance, logistics, and maritime operations, underscores the region’s leadership. Additionally, the presence of government programs like DARPA also plays a pivotal role in fostering innovation and maintaining North America’s leadership in this sector.

The report profiles key players in military robots companies such as Northrop Grumman (US), Boeing (US), Lockheed Martin Corporation (US), Elbit Systems (Israel), Teledyne Technologies Incorporated (US), General Dynamics Corporation (US), BAE Systems (UK), Thales (France), L3harris Technologies Inc. (US), and Leonardo S.p.A (Italy).

Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=245516013

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Unmanned Systems Market by Type (Unmanned Aerial Vehicle, Unmanned Marine Vehicle, Unmanned Ground Vehicle), Application (Defense, Government & Law Enforcement, Commercial, Consumer, Other), Mode of Operation, and Region -Global Forecast to 2030

Military Radar Market by Platform, Product Type (Surveillance and Early Airborne Warning Radar, Tracking and Fire Control Radar, Multi Function Radar, Airborne Moving-Target Indication (MTI) Radar), Frequency Band, Dimension – Global Forecast to 2029

UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region – Global Forecast to 2029

Unmanned Underwater Vehicles Market by Type (Autonomous Underwater Vehicles (AUVs), Remotely Operated Vehicles (ROVs)), Product Type), Propulsion, Application, System, Speed, Shape, Depth and Region – Global Forecast to 2030

Military Drone Market by Platform (Small, Tactical, Strategic), Type (Fixed Wing, Rotary Wing, Hybrid), Application (UCAVs, ISR, Delivery), Propulsion (Fuel Powered & Battery Powered), MTOW, Operation Mode, Launching Mode, and Region – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/military-robots-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/military-robots.asp

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/military-robots-market-worth-26-49-billion-by-2029—exclusive-report-by-marketsandmarkets-302350349.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Travelport Releases Second Annual State of Modern Retailing Report: ‘Travel’s Tipping Point’

Published

on

By

New proprietary research from Travelport, combined with cross-industry insights, highlights key trends that will transform the travel industry in 2025

LANGLEY, United Kingdom, Jan. 15, 2025 /PRNewswire/ — Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel agencies and suppliers worldwide, today unveiled its 2025 State of Modern Retailing Report. This report, combining new proprietary research and cross-industry insights, outlines critical trends reshaping the travel industry in 2025, including heightened demand for transparency, the emergence of new subscription models, and AI-driven advancements in the travel retail experience.

“Consumers are clear about what they want from the travel industry: simplicity, transparency, and trust,” said Jen Catto, Chief Marketing and Product Officer at Travelport. “Our latest research shows that travel has reached a tipping point. Modern retailers who embrace radical transparency, adopt AI responsibly, and deliver streamlined experiences will thrive in this evolving landscape.”

Five Key Trends to Watch in 2025:

Consumer-washing ends; Radical transparency begins
Travel companies face growing criticism for “consumer washing,” a practice where businesses advertise deceptively low prices, hiding fees or conditions until checkout. Nearly half (44%) of surveyed consumers ranked airlines, hotels, and travel companies as major offenders, second only to credit card companies (45%).

Modern retailing requires honesty at every stage of the customer journey. Brands that eliminate hidden fees and agencies that present clear, comparable options across suppliers will earn customer loyalty. Radical transparency is not just a necessity—it’s a competitive advantage.

Disruptors Delivering Simplicity Will Outpace the Laggards
Fintech disruptors have reshaped banking, with 47% of consumers agreeing they’ve made personal finances easier to manage. However, the travel industry lags behind. Over half of consumers (56%) report that airline offers have become more confusing over the past decade.

To match fintech’s success, travel brands must embrace agile, API-led technology that enables seamless integration of new content, data, and features. Those who simplify the shopping experience will stand out in a crowded market.

Distribution Partnerships Drive Consumer Growth
The overwhelming number of content options across industries has led to choice overload. In streaming services, for example, 56% of consumers feel overwhelmed by the amount of content available on traditional and streaming channels, and 75% would prefer one bundled subscription.

Travel is no different. Forward-thinking companies are forming unconventional partnerships to meet consumers where they shop. For example, low-cost carriers (LCCs) are opening up their content to travel retailers, recognizing that a multi-channel approach simplifies the consumer experience while driving loyalty.

Travel Subscriptions Gain Traction
Travelers are increasingly turning to subscriptions. Online travel agencies (OTAs) like eDreams ODIGEO have demonstrated the potential of this approach, boasting more than 6.5 million Prime subscribers. Its subscription model is currently the company’s largest contributor of revenues and margins.

1 in 3 consumers (35%) surveyed said that they would consider a travel subscription in 2025, highlighting that this business model is primed for growth. Benefits such as convenience, cost savings, and exclusive perks make subscriptions a compelling alternative to traditional loyalty programs.

AI Raises the Bar for Travel Retailing
AI adoption is accelerating, with 58% of people using AI in their personal or professional lives. Travel ranks in top three industries for AI trust, with 42% of consumers trusting travel brands to use AI responsibly. In fact, 80% of frequent travelers already feel comfortable using AI for trip planning.

AI-driven tools will revolutionize travel retailing in 2025, from predicting travel behavior to curating personalized offers. For agencies, AI will simplify managing multi-source content and enable more effective customer service and upselling.

To read the full report or to learn more about Travelport, please visit Travelport.com/Trends-2025.

About Travelport
Travelport is a global technology company that powers bookings for hundreds of thousands of travel suppliers worldwide. Buyers and sellers of travel are connected by the company’s next generation marketplace, Travelport+, which simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. Headquartered in the United Kingdom and operating in more than 165 countries around the world, Travelport is focused on driving innovation that simplifies the complex travel ecosystem.

Logo – https://mma.prnewswire.com/media/1481912/TRAVELPORT_LOGO_BLACK_CMYK_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/travelport-releases-second-annual-state-of-modern-retailing-report-travels-tipping-point-302351283.html

Continue Reading

Technology

HONGQI Showcases Flagship Electric Vehicles at the Brussels Motor Show 2025

Published

on

By

BRUSSELS, Jan. 15, 2025 /PRNewswire/ — HONGQI, the benchmark of China’s luxury automotive industry, proudly unveils its flagship electric vehicle lineup at the Brussels Motor Show 2025, held from January 10 to 19 at the Brussels Expo. The event gathers leading automotive brands from around the globe, offering a platform to showcase cutting-edge technologies and sustainable innovation. HONGQI’s E-HS9, EH7, and EHS7 take centre stage, highlighting the brand’s excellence in design, performance, and forward-looking technology.

The E-HS9, a full-size smart electric SUV, embodies spaciousness and refinement. Its dual-motor all-wheel-drive system and high-performance battery deliver exceptional power and stability. The cabin, designed with premium materials, ensures both comfort and elegance, making it a perfect choice for executives and families alike.

The EH7 is designed to meet the expectations of discerning customers in the premium upper mid-sized electric sedan. With a WLTP range of 655 km, it excels in delivering long-distance comfort. Its powerful drivetrain, producing 455 kW and 756 Nm of torque, enables acceleration from 0 to 100 km/h in just 3.5 seconds, offering an exhilarating driving experience while maintaining efficiency. For those who value a combination of high performance and extended range, the EH7 is an irresistible choice.

The EHS7 is a premium upper mid-sized electric SUV that offers powerful driving performance and smooth handling. Its advanced braking system achieves a stopping distance of just 36 meters from 100 km/h, ensuring precise control and safety. As the only vehicle in its class equipped with rear-wheel steering, the EHS7 delivers exceptional agility and handling. Equipped with IPX8 waterproof battery safety features, it guarantees stable performance across various environments. With ultra-fast charging capabilities and outstanding manoeuvrability, the EHS7 is the ideal choice for drivers who prioritise practicality and superior driving dynamics.

In 2024, HONGQI captivated audiences with appearances at the Goodwood Festival of Speed, Automechanika Frankfurt, and the Paris Motor Show. Each event highlighted the unique features of the E-HS9, EH7, and EHS7, demonstrating HONGQI’s global commitment to luxury EV innovation.

The HONGQI booth at the Brussels Motor Show 2025 offers visitors a unique opportunity to experience the flagship models E-HS9, EH7, and EHS7 up close. Attendees can explore these models firsthand, discovering HONGQI’s dedication to luxury design, new energy innovation, and cutting-edge technology. The exhibit highlights the HONGQI’s continuous efforts to advance electric mobility and enhance premium driving experiences on a global scale.

Photo – https://mma.prnewswire.com/media/2598627/image_5028817_33338130.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/hongqi-showcases-flagship-electric-vehicles-at-the-brussels-motor-show-2025-302351621.html

Continue Reading

Technology

Start the New Year Right: Corra Group Highlights the Importance of Background Checks as Businesses Start the New Year Strong

Published

on

By

Background Checks Are Essential for Organizations Seeking to Build Trusted Teams and Create Safe Work Environments.

EL SEGUNDO, Calif., Jan. 15, 2025 /PRNewswire/ — The start of the new year is peak season for hiring, and businesses are gearing up to tackle early-year demands for a thriving 2025. Corra Group, a nationwide provider of background checks and drug testing, highlights the critical role of background screening at the start of the new year.

“January and February are typically active months for hiring, as companies bring on new employees to drive business growth and address early-year needs,” said Nick Gustavson, Corra Group Cofounder. “Background checks not only protect a company’s reputation and provide a safe work environment, but also foster a culture of safety, compliance, and reliability for teams and customers.”

According to the U.S. Bureau of Labor, the U.S. economy added over 350,000 jobs last January, significantly surpassing forecasts. Failing to perform comprehensive background checks can lead to increased risk and turnover, costing companies time and resources. Corra Group’s streamlined background check services help companies hire with confidence, starting the year with safe, dependable, and qualified teams.

Background checks are especially important for New Year hiring, particularly after the holiday season. It is easy to move too quickly as the new year ramps up, and the post-holiday season is a great opportunity for employers to utilize background checks to reduce turnover costs, transition temporary holiday hires into permanent roles, and stay safe while expanding.

“January also typically brings the launch of hiring initiatives, restructuring, and expansion,” adds Gustavson. “This results in increased hiring and a need for integrity, professionalism, culture fit, and alignment with company values in new or expanded roles.”

2025 is also seeing many companies implementing stricter full-time Return To Office (RTO) mandates, a trend already underway at major organizations like Amazon, JPMorgan, Disney, Google, Boeing, and Apple. With employees transitioning from remote work to working full-time side by side in physical office spaces, businesses need to prioritize safety, trust, and a secure work environment. Corra Group offers a number of background check services including Criminal Checks, Nationwide Registered Sex Offender Search, Drug Testing & Alcohol ScreeningMotor Vehicle Records, Employment Verification and Social Media Background Screening.

“We hope everyone starts the new year right,” said Gustavson. “Stay safe and compliant, and we wish everyone a Happy New Year!”

About Corra Group:

Corra Group is a full-service background screening company that provides background checks and employment screening to clients throughout the United States and around the world. With over 20 years of experience, Corra Group’s goal is to help clients make informed decisions and provide a first-class candidate experience during the hiring process. It is also one of the few companies that will answer the phone. Corra Group is headquartered in El Segundo, California. To learn more, visit CorraGroup.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/start-the-new-year-right-corra-group-highlights-the-importance-of-background-checks-as-businesses-start-the-new-year-strong-302350693.html

SOURCE Corra Group

Continue Reading

Trending