Autonomous Weapons Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Autonomous weapons are those weapons that can detect, engage, and destroy targets without the need for human involvement. In modern days, autonomy is used for various military tasks, including identification, prioritizing & cueing targets, tracking, deciding the timing of when to fire a weapon, and detonation timing. The substantial developments in military weapon systems in developing economies have boosted the demand for the autonomous weapons market.

MARKET DYNAMICS

The growth in research and development activities to develop weapons with advanced technologies is driving the growth of the autonomous weapons market. However, allowing AI to make decisions about targeting could result in civilian casualties and unacceptable collateral damage may restrain the growth of the autonomous weapons market. Furthermore, the rise in the funding from military research agencies is anticipated to create market opportunities for the autonomous weapons market during the forecast period.

MARKET SCOPE

The "Global Autonomous Weapons Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The autonomous weapons market report aims to provide an overview of the autonomous weapons market with detailed market segmentation by product, platform, type, technology, and geography. The global autonomous weapons market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading autonomous weapons market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global autonomous weapons market is segmented on the basis of product, platform, type, and technology. Based on product, the autonomous weapons market is segmented into: missiles, munitions, guided rockets, guided projectiles, hypersonic weapon, loitering weapons, and guided firearms. On the basis of platform, the autonomous weapons market is segmented into: land, airborne, and naval. Based on type, the autonomous weapons market is segmented into: autonomous and semi-autonomous. On the basis of technology, the autonomous weapons market is segmented into: infrared, laser, GPS, radar, and other.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global autonomous weapons market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The autonomous weapons market by each region is later sub-segmented by respective countries and segments. The autonomous weapons market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the autonomous weapons market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the autonomous weapons market in these regions.

Autonomous Weapons Market Report Analysis

MARKET PLAYERS

The reports cover key developments in the autonomous weapons market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from autonomous weapons market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the autonomous weapons market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the autonomous weapons market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- BAE Systems
- Denel Dynamics
- General Dynamics Mission Systems
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- MBDA
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Thales Group

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Autonomous Weapons Market Report Scope