Rising Trends in the Autonomous Weapons Market : Implications and Future Prospects

August 10, 2023 11:18 PM AEST | By EIN Presswire
 Rising Trends in the Autonomous Weapons Market : Implications and Future Prospects
Image source: EIN Presswire

OREGAON, PORTLAND, UNITED STATES, August 10, 2023/EINPresswire.com/ -- 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%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/13497

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.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/autonomous-weapons-market/purchase-options

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.

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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/13497

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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
Thales Group

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Space Rovers Market : https://www.alliedmarketresearch.com/space-rovers-market-A10285

Maritime Missile Launch System Market : https://www.alliedmarketresearch.com/maritime-missile-launch-system-market-A12509

Hazmat Suit Market : https://www.alliedmarketresearch.com/hazmat-suits-market-A13629

David Correa
Allied Analytics LLP
1 800-792-5285
email us here
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